Setting Up a Shell Corporation in Panama: Easy as 1-2-3

@lagartijorey isn't Wyoming also a tax heaven? I mean they charge tax on income made within the state but not out of state. They do however require a min of 50 annually as a minimum tax. But you also have to factor in the registered agent fees for having a corporation in a state you dont live in.

Then according to your authorities, Wyoming should be qualified as a Tax Haven, as well. But that's not the case, right?
Maintenance fees on a Panamanian corporation are at least $ 450 (including resident agent fees)

how guys i am trying to incorporate in Panama, or Cyprus, but i dont know which service is legit...i have calculated the cost and i think it will be like $5000 USD for cyprus....is this the ballpark figure ?

No podemos continuar con estas practicas desleales que afectan la economia de Panama. Usan las facilidades del pais, residen en el pais, hacen negocios en el pais, Deben pagar impuesto para el pais. No puedes manejar un carro en la carretera que yo pagué con mis impuesto, sinverguenzas.

Leave Panama alone

5. Tax-havens in general minimize the tax burden on multinational companies, thus making them more competitive, creating more jobs and cheaper products from which everybody benefits. Ask any economist and he will say that tax is harmfull to the economy.

3. There is a big difference between using a Panamanian company legally and using it illegally. Just because kitchen knifes are used to kill wifes does not mean we should ban them.

4. If someone tries to use a Panamanian company to hide money, where does the money come from? Right, the US, which has enough means at its disposal at home to stop this individual.

The five main arguments in favor of Panama:

1. In the US you can set-up simular corporations, known as Delaware Corporations. In fact, the US is the biggest tax haven in the world.

2. Like so many countries, Panama does not tax foreign in come. It does tax local (Panamanian) income. Unlike the US, they don't treat their citizens as workhorses.

Now you morons - try to get the money down there. What a naive video...

Panama's tax regulations (as in many other jurisdictions, like some one else mentioned here) tax every single income made in Panama, regardless of your Citizenship, but does not charges income made abroad. It has been like that for over 100 years and now you want to call us Tax Haven. Shit, I make $ 30,000 a year and paid of $ 4000 in taxes last year.