Legal & Tax Services

SINOPAN relies on a skilled team of attorneys, business executives and accountants with over 20 years of experience in the offshore industry.

We have a solid Compliance Department with professional and skillful staff who mitigate the risks associated with the offshore industry.

Furthermore, we we are qualified to help our clients in Corporate Secretarial matters related to their companies. We offer post incorporation services such as directors nominee, custody books/records, custody books/corporate documents, issuance of shares, corporate resolutions, bank account opening , invoicing, accounting services (outsourced), among others.

The firm is prepared to offer the incorporation, management and administration of companies with expertise in all major jurisdictions such as Panama, BVI, Belize, among others; helping our clients appropriately and effectively, regardless of the market conditions.

On the moment you require a legal due diligence on a project or somebody, legal advise on closing a project for invest in a country within Latinamerica, we will give you all of our resources to fulfill your goal, be asure you are working with the best legal team all over LATAM investment law and public bidding process.

 

One of the most important thing you need to know before to get into LATAM, in order  to protect your wealth and investment is to find a not-just-good-but-great tax advisor, because a the right advisor can save a business owner literally millions of dollars over a lifetime, we got the best tax professionals wich are, Certified Public Accountants, our speaks fluent mandarin.

While most businesses only talk to a tax advisor once or twice a year, great tax advisors have regular strategy meetings with clients to discuss goals and approach. We are passionate about both the tax laws and keeping your wealth.

  • Basic requirements:
    1. Tentative names for the corporation (we must bear in mind that they are subject to availability).
     
    2. Full name of the directors and dignitaries of the company (President, Secretary and Treasurer, at least three).
     
    3. Complete information of the directors and dignitaries to include ID or passport number and full address).
     
    4. Photocopy of the identity card (National ID) or passport of the proposed directors and dignitaries.
  • Expeditious incorporation (24 hours).
  • The Board of Directors (BOD) must be composed of at least three (3) members.
  • Directors and officers may have any nationality. And can be persons or companies.
  • Ownership is strictly confidential.
  • Meetings of the BOD may be held in any country (personally, by proxy, telephone or any other electronic means).
  • All the shares of stock of the corporation may be issued to the bearer (but requires custody).
  • The capital of the corporation need not be paid at the time of the incorporation.
  • A corporation with a paid in capital of US$10,000 may have assets worth several millions.

A corporation only has to pay income tax in Panama for income derived from sources within the territory of the Republic of Panama.

  • A company can be organized in 3-4 weeks.  The LLC can be registered in 4-5 working days applying with expedited services for an extra fee.
  • Limited liability for all members (owners).
  • Great business flexibility:  special allocations, special distributions, classes of interest and differing voting rights are possible.
  • Income taxation at member level only.  Each member recognizes his own share of income, gain, loss, deduction, and credit.
  • LLC’s are an ideal entity for businesses where retention of control is important.  LLC statutes typically provide that, unless otherwise provided for in the operating agreement, a member may not transfer his or her membership interest without the consent of a significant percentage of the remaining members.
  • LLC’s can have more than one class of ownership interest, subsidiaries an unlimited number of inventory, and members who may be corporations, non-resident aliens partnerships, trusts, foundations, pension funds, or charitable organizations.
  • An LLC can be owned by foreign investors.
  • LLC statutes specifically provide that creditors of members, may not reach LLC assets in satisfaction of members personal claims.  Accordingly, an LLC may be viewed as an attractive vehicle to be used in structured finance, or to issue debt securities or short term commercial paper for business financing transactions.
  • Offshore companies (i.e. B.V.I. or Bahamian) can be used to act as members of the LLC, thereby ensuring additional anonymity for LLC owners.
  • Common law.
  • Expeditious incorporation. A company may be organized in 2-3 working days.
  • Bahamas IBC may be created by persons of any nationality.
  • A minimum of one (1) stockholder is required who may have any nationality.
  • Directors and officers need not be shareholders and may have any nationality, natural persons or companies.
  • A minimum of one (1) director is required by law.
  • Ownership is strictly confidential.
  • Meetings of the BOD may be held in any country (personally, by proxy, telephone or any other electronic means).
  • There are no restrictions regarding capital and stock division. The capital may be in any currency and shares are not required to have nominal or par value.
  • Use of Bahamas Execute Entity (BEE).
  • Common law.
  • Expeditious incorporation. A company may be organized in just one week.
  • BVI BC may be created by persons of any nationality.
  • A minimum of one (1) stockholder is required who may have any nationality.
  • Shareholders may have any nationality.
  • Directors and officers need not be shareholders and may have any nationality, natural persons or companies.
  • A minimum of one (1) director is required by law.
  • Ownership is confidential.
  • Meetings of the BOD may be held in any country (personally, by proxy, telephone or any other electronic means).
  • BVI BC can issue bearer shares. Nevertheless, such companies will be subject to an annual license fee of US$1,100 and the bearer shares certificates must be immobilized with a custodian by the BVI FSC.
  • BVI BC may be notified of lawsuits, by service, thereof at the Registered Office of the company in The British Virgin Islands or by sending it to its address by mail.
  • BVI BC are expressly authorized to transfer its place of incorporation to another jurisdiction.
  • Foreign corporations are also allowed to continue as if originally incorporated under the BVI International Business Companies Law.
  • Vista Trust for share ownership.

Panama is the most strategic and advantageous country in America to establish regional operations

A special law encourages a wide range of activities to drive the growth of multinational companies , enabling them to reduce operational costs and maximize their efficiency.

World leaders are strengthening their regional position thanks to the special incentives for multionationals dedicated to:

progreso

Management and administration of regional operations

creciente

Financial and accounting administration of the group

desarrollo

Consulting marketing and advertising services of the group

contenedor

Logistics and storage of production components

ayudar

Technical assistance to companies of the business group or clients who have purchased a product or service

anteproyecto

Elaboration of architectural plans or design related to the business' activity

procesador

Electronic processing of any activity, operations and network consolidation

archivo

Support for operations and research, product development and services

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