Incorporation, formation and management of Panamanian corporation is regulated by the General Corporation Law 32 of February 26, 1927. Shareholders have the ultimate power of the corporate control. They elect the Board of Directors and they can limit any powers of Board of Directors or officers. Their names can remain totally anonymous for the outside world. Shareholders can be natural persons or any other companies anywhere in the world without any restrictions. The Board of Directors elects the corporate Officers. [...]
Jan
22
Jan
22
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Why is Panama the preferred offshore jurisdiction?
Starting and running your own offshore business or offshore project isn’t easy. You may need specialist advice, such as help with legal and taxation issues or managing your finances. And you might want to talk about your ideas and problems with someone who understands the challenges you face. When you come to the point where you have decided to incorporate a new offshore company, you shall next decide under which offshore jurisdiction you will want to operate your own offshore [...]
Jan
22
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Panama Corporation as Offshore Company
Any person or company can own an offshore business corporation in Panama, regardless of nationality or domicile. The beneficial owner must not be registered with any government authorities, and nominee directors can be appointed who would act as managers for your offshore corporation. There will be no need to come personally to Panama in order to form an offshore company. Panama corporation offers many advantages in comparison with other jurisdiction in terms of: the Panama Corporation Law; independency of the [...]
Jan
21
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Advertising with Thetaworld Corporation
Would you like to advertise your website or your business on this Panamanian Corporation website? We have several plans available: Full plan, where you take over ALL ADVERTISING PLACES on this website and that plan has the fee of US $800 per month, representing also our goal for this website. Banner plan, where you pay the monthly fee of US $100 and you get your standard sized banner placed on top of over hundreds of pages, sharing the position with [...]
Jan
21
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Panama City Video
Watch this great video and meet Panama! [youtube J0groH6BvJg]
Jan
21
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Great Panama Canal Video from YouTube
[youtube v6ZTHzWtsUE]
Jan
21
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Invitation to BUSINESS.COM.PA – Panamanian Business Portal
Thetaworld Corporation would like to invite you to the new developing website in regards to Panama, Business and Informations from Panama: http://www.business.com.pa Our website is project to help Panamanian businesses connect to the world. If you feel you want to contribute to our website or you would like to maintain parts of our website, let us know. You can use the website to: find jobs or employees, convert currencies, to advertise your company, to post classified ads, to prepare your [...]
Nov
5
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Thetaworld FAQ Constructor has been released today
This software provides to website managers powerful tool to construct large FAQ database and to convert the FAQ database into statical pages or to deliver Frequently Asked Questions and Answers in the dynamic way through the PHP or Perl or other database driven software.
May
31
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US Bank Account for Non US Residents
As part of our service of US based bank account for non US residents, we have decided to declare the service to be one-time non-refundable membership fee which now also includes: US bank account for non US residents, but also following: Spanish EUR and USD bank account, with minimum deposit of EUR 150 and minimum opening requirements: copy of passport and your current bank’s reference Swiss Bank Account in EUR, USD and CHF, with no minimum deposit and minimum opening [...]
May
18
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Our contact informations
All customers can contact us by the secure e-mail form. E-mails arrive in encrypted way to us.
Apr
28
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Thetaworld Customer’s Area launched
We have succesfully launched the Thetaworld Customer’s Area, available only for customers coming who applied for the US bank for non-US residents or citizens where every customer can insert his correct data and thus help us and the bank to complete the application. Documents are now sent directly by DHL from the bank to the customer and arrive in about 7 business days to any destination in the world. This customer’s area can be reached only through the username and [...]
Apr
22
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Many non-US citizens seeking for US bank account
We have got a bunch of new customers, non-US citizens, seeking for the US bank account. Many US banks, based on requirements of USA Patriot Act quits their contracts for US bank accounts with customers who are not US citizens. The section 312 of the USA Patriot Act declares what the due dilligence is to be for correspondent accounts and private banking accounts in USA for non-US citizens. In general each financial institution in USA which establishes, maintains, administers, or [...]
Apr
13
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Infrastructure
Panama’s official language is Spanish. However, English is widely spoken as a second language in the main cities. Panama has excellent local and international telephone services. Direct dialing is available to more than 150 countries worldwide. There are 170 radio stations and five television stations in Panama. Office space both permanent and temporary is readily available. Health conditions in Panama are good, especially in the urban centers. Running water is available in almost all parts of the country and is [...]
Apr
13
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Travel Advisory and Visas
U.S. citizens may enter Panama with a passport or a certified copy of a U.S. birth certificate and an official picture I.D., (e.g. driver’s license) and a Tourist Card purchased for US$ 5.00 from an airline serving Panama. The Tourist Card is valid for 90 days and may be extended for another 90-day period. The following are three types of Visas available to businesspersons wishing to spend extended periods of time in Panama: * Inversionista (Investor): A minimum of US$ [...]
Apr
13
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Business Customs
Business practices and customs in Panama are a unique blend of North American methods and traditional Latin style. Foreign corporations operating in Panama are important in shaping the style and manner of doing business. Private business offices are open from 8:00 a.m. until 5:00 p.m., Monday through Friday, and Saturdays from 8:00 a.m. to 12 noon. Banks are open from 8:00 a.m. to 3:00 p.m., Monday through Friday. Most local banks open Saturdays from 9:00 A.M. to 12:00 Noon. Government [...]
