Clients who want to open a Panama International Business Corporation (IBC) usually ask whether it’s necessary to use Nominee Directors or Officers in their corporation.
Let’s be reminded that Panamanian Law requires a minimum of 3 Directors and 3 Officers (who may or may not be the same persons) in an IBC.
Using nominee directors is an option to consider when privacy is a concern, or to fulfill the minimum membership requirements by law.
See Marcos Kraemer’s explanation in this video.
