Panama: the Perfect Tax Haven

Panama is one of the World's best Tax Havens. Non-resident Panamanian International Business Corporations (IBC's) and Private Interest Foundations do not pay tax on any of their income (as indicated below), nor do they have any reporting requirements to the Panamanian government on any of their foreign-source income.
 

• Few tax reporting requirements.
• No income tax on foreign income.
• No interest income tax.
• No tax on issuance of corporate shares.
• No tax to shareholders.
• No property tax on many developments.
• No estate tax.
• No gift tax.
• No stamp tax.

How is it possible that Panama provides all the tax-free benefits above? It's quite simple: Panama has an efficient and intelligent government that manages the country's finances well. The Panama Canal generates a large percentage of the money needed for public services. Other income comes from import duties (but your personal belongings will likely be exempt) and income tax on local activities. But your foreign-source income will be tax-exempt.