The Panama Blog

Panama Travel and Living

  • Panama Travel
    • Panama Travel Guide
    • Panama Tours
    • Panama Hotels
    • Panama City Travel
    • Bocas Del Toro Travel
    • Boquete Travel
  • Living In Panama
    • Bocas Del Toro Living
    • Boquete Living
    • Casco Viejo
    • Chiriqui Living
    • Moving To Panama
    • Panama City Living
    • Panama Real Estate
    • Retire In Panama
    • Teaching English in Panama
  • Things To Do In Panama
    • Panama Beaches
    • Panama Dining and Restaurants
    • Panama Nightlife and Entertainment
    • Panama Sports And Outdoors
    • Panama Surfing
    • Shopping In Panama

Hidden owners of Panama Corporations to be uncovered

10/08/2010 By Panama Eric

Hidden owners of Panama Corporations to be uncovered

Newsroom Panama

Another step to get Panama off the Organization for Economic Cooperation and Development (OECD) tax haven black list has been proposed by the country’s Ministry of Economy and Finance.

Registered agents would be required to record the benefiting owners of corporations, including those controlled by bearer shares.
The law includes sanctions for companies that do not comply with the regulations.
“It is something that Panama has to do to meet the requirements of double taxation treaties,” said Deputy Minister of Economy and Finance Frank De Lima. “Panamanian legislation allows the use of bearer shares, and authorities need to know the owners of those shares to provide the information to the country requesting it.”
The change is one of those being demanded by the OECD and is needed to remove Panama from the list of tax havens compiled annually.

Related posts:

  1. Panamanian President Martinelli Denies Power Grab from Finance Ministry
  2. Businesses rally to support Canadian Thanksgiving celebration
  3. Iberia Airlines Launches Direct Flights to Panama
  4. Panama’s Amador Causeway Fails To Bring In Bring In Business
  5. Panama growth leads Central America

Filed Under: Panama Travel Tagged With: Panama Business

Popular Posts

  • Finding a job Teaching English in Panama is NOT as Difficult as it Seems!
  • Strange and Bizarre foods of Panama
  • Tour Casco Viejo with self-guided walking app
  • Panamanian Coffee: A Hidden Treasure
  • Top Five Places to Meet Expats in Panama City
  • The Law of Self Defense in Panama
  • What to pack and wear in Panama
  • Panama Mail Service Explained
  • Guide to Tipping in Panama
  • Rent in David, Panama from $250 a Month
  • Home
  • About
  • Contact
  • Privacy Policy