A Panama corporation. is perfect for international investors and businessmen forming an offshore corporation
By Vanessa Loronzo
Due to the recent economic crisis that ocured on a world wide scale, many recognized Banks from around the world have been affected and even the strongest of which have shown losses in their assets, undergone difficulties and have had to receive help from their governments or have been acquired by other banks.
Panama Corporations provide legal protection of assets and identity. Panama offers rigorous banking and financial secrecy laws, in fact they are among the strictest privacy protection laws in the world. A Panama corporation is perfect for international investors and businessmen forming an offshore corporation. They provide various services like Offshore Companies (IBC), Offshore Private Foundations (PIF), Limited Liability Companies (LLCS), Offshore Bank Accounts, Offshore Vessel and Yacht Registration, Real Estate & Investment Council and Trademark Registration.
Panama IBC law is based on some of the most iron clad banking and corporate book secrecy laws in the world. These laws are written into the constitution of Panama. Privacy and confidentiality are respected and is a constitutional right. Panama is a sovereign nation. Panama does not have Mutual Legal Assistance Treaties (MLATs) with any other country in the world. It is a genuine, legitimate international trade and banking center, well-known and respected throughout the world.
A few of the advantages of their services are as below:
- All financial activity from a Panama International Business Corporations (IBCs) but outside of Panama will be tax exempt.
- There is no minimum capital requirement for establishing a corporation. There are no restrictions on foreigners forming or controlling Panamanian corporations.
- Panama Corporations may issue shares in bearer form with or without par value
- The accounting books of the corporation may be organized and kept anywhere on Earth. The registered agent is not required to keep any records at all for the corporation.
Vaneesa is an expert in the field of legal services and has written various articles on it. She has done extensive research on Panama corporation and its services.
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Views expressed in the article are those of the author and are not necessarily the opinions of CaribbeanChoice, its staff or members.