There are many countries claiming to be "tax havens" and "asset protected jurisdictions". Years ago, this was true. However, former British colonies like the Bahamas and the Cayman Islands have stopped offering anonymous corporations and secret bank accounts. What good is it to spend money creating an offshore corporation in these countries when you no longer have anonymity ?

            6 advantages of Panama

Advantage 1 : Panama is one of the few remaining countries allowing total anonymity when setting up offshore corporations and opening bank accounts. Panama is one of the last countries allowing total anonymous "Bearer Shares" protecting the identity of shareholders. There is no recording of the owners of Bearer Shares in Panama. The ownership of the bearer share corporation is based solely upon the physical possession of the stock certificates. Thus, they are 100% anonymous! Keep in mind ; you do not have to choose Bearer Shares. It is only an option. You can have regular shares issued in your name which still are not registered anywhere except with the corporation's internal records.

Advantage 2 : Another layer of protection provided by Panama laws is the Private Interest Foundation, which an anonymous legal entity is acting as a Holding company as the sole shareholder. One of the nice things about Foundations is they have no owner. They are anonymous and the foundation can have confidential instructions to carry out the detailed wishes of the founder. It is like a will and a trust in one but, only better. If you have your Panama Foundation owning your bearer share corporation, you can truthfully say you do not own the corporation because the Foundation does under Panamanian laws.

Advantage 3 : Panama's Banking Secrecy Laws are the best in the world. Your money remains private, confidential, and safe inside Panamanian banks. Bank secrecy laws in Panama call for prison sentences and/or fines for any bank employee or officer who divulges any information about a bank account or account holder(s). This generally tends to curtail any leaks of information. The only way the bank can legally divulge any information about you or any bank account associated with you is by an official order from a court in Panama.

Advantage 4 : Panama's Corporation laws are the strongest around the globe. Panama's Corporation Law has been in existence since 1927. Corporate shares are never registered with any government agency in Panama.

Advantage 5 : Panama Offshore Corporations earning money outside of Panama do not pay income taxes to Panama or to any other country.

U.S. Dollar economy in Panama since 1904 makes it easier for U.S. citizens to bank in Panama without worrying about currency fluctuation.

Advantage 6 : Government Stability & Sovereignty. Ever since 1989, Panama enjoys democratically elected presidents with no civil unrest of any kind. Since Panama is a totally independent country, it owes no allegiance to outside countries. Because of British influence, most British Commonwealth islands and countries abolished their corporate and banking secrecy laws.

As you can see, Panama provides the most favorable and flexible incorporation laws in the world.

Panama corporations and foundations are used by people from all over the world for asset protection, privacy, investment diversification, convenience, and low cost.

Panama corporations can be used for international trade, to settle trusts or foundations, to establish and own bank or brokerage accounts, or hold ownership of real estate or any other type of asset. In some cases, Panama corporations form for very private and confidential business transactions such as the movement of funds to another jurisdiction for the protection of the assets.

If you would like more information about incorporation of your business in Panama, please email us your request.