Panama

• Lack of crypto regulation. Activities related to crypto actures, Do not require a license.
• Low costs for business. Low cost of corporate service, absence of licensing fees and contributions can be an important advantage for business.
• Flexible corporate legislation. Ability to quickly register companies, no requirements for authorized capital. Relative ease of conducting corporate activities.
• Tax benefits. Panama has a favorable tax system for companies, including tax exemptions for certain types of income and low corporate tax rates.
• Protection of personal data. Panama has strict data protection laws, which can be beneficial for companies that handle sensitive information.
• Political stability. Panama has a stable political environment and a favorable business climate.
• Geographical location. Panama is located in the heart of the Americas, which makes it a convenient location for international business.

• Absence of official license. Absence of a license negatively affects the recognition of a crypto project at the international level.
• Limited access to payment systems and banks. Absence of a license can make it difficult to open accounts in developed jurisdictions.
• Requirements for the presence of a minimum of 3 directors. They can be people with citizenship and residency of any country, and our team is ready to support in this part as well.
• Risks of changes in legislation. The widespread adoption of FATF standards and the growth of the number of countries with crypto regulation can lead to stricter rules for crypto projects in Panama in the future.

The level of costs for legalization in the jurisdiction is below average

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• State fee for company creation: USD 300.
• Authorized capital: there are no minimum requirements, it is recommended to have at least USD 10,000.
• State fee for consideration of an application for a license: USD 300.
• Annual state tax on franchise (Franchise Tax): USD 300.