Stocks in Panamanian Corporations
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In few months the Rules of the game for Panamanian Corporations could be changed.
Legal Capital of corporations could be paid or suggested. Ten Thousand Dollars is the minimum amount, must be distributed in any kind of shares. Which are the types of shares?
Bearer Shares: does not have the owner's name, are negotiated by the transfer of title
Registered Stock: bear the name of the owner, must be registered. Offer more security
Common Stock: It guarantees shareholders the right to participate and vote at the Ordinary and Extraordinary Meeting of Shareholders.
Which has the best advantages?
The most popular the Bearer Stock, permitted simple mobility and negotiation, allowed to be part of asset protection structures.
Panama considering modify the Act 32 of 1927 in order to control the Bearer Stock. According to this bill, the new Bearer Stock must be delivered to an approved custodian. These could be banks, trust agencies; brokerage and authorized Resident Agents
AUTHOR: BCCA & Associates
Copyright Beitia-Carrillo Consultores & Asociados
More information about Beitia-Carrillo Consultores & Asociados
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
Bearer Shares: does not have the owner's name, are negotiated by the transfer of title
Registered Stock: bear the name of the owner, must be registered. Offer more security
Common Stock: It guarantees shareholders the right to participate and vote at the Ordinary and Extraordinary Meeting of Shareholders.
Which has the best advantages?
The most popular the Bearer Stock, permitted simple mobility and negotiation, allowed to be part of asset protection structures.
Panama considering modify the Act 32 of 1927 in order to control the Bearer Stock. According to this bill, the new Bearer Stock must be delivered to an approved custodian. These could be banks, trust agencies; brokerage and authorized Resident Agents
AUTHOR: BCCA & Associates
Copyright Beitia-Carrillo Consultores & Asociados
More information about Beitia-Carrillo Consultores & Asociados
View all articles published by Beitia-Carrillo Consultores & Asociados
Disclaimer: While every effort has been made to ensure the accuracy of this publication, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer. For specific technical or legal advice on the information provided and related topics, please contact the author.
