Panama: the Proven Offshore Domicile of Choice
The Panama Solution
Panama Offshore Reality
Anyone that has earned any real wealth in the past 20 years knows that it is getting harder and harder to protect and/or keep it. In the not-so-recent past, the British Virgin Islands, the Cacaos Islands, the Isle of Man, Granada and Swiss Bank Accounts were all acceptable offshore options. In truth, they are not anymore.
 Government agencies such as the IRS and the OECD have forced international asset reporting for taxation purposes. Local despots have made national banks and asset ownership tenuous and sometimes dangerous. Divorce and litigation lawyers are making a great deal of settlement money. Then there are inheritance and other estate issues.
Asset Protection
Since 1920, financially savvy persons and entities have chosen Panama as the domicile for protecting their wealth and earnings. Your combination of a Panama Corporation asset protection or company [International Business Corporation, or IBC] , a Panama Private Interest Foundation and a Panama offshore bank account are a proven strategy for enjoying your anonymous asset protection. The "Panama Solution" ensures you privacy and security, no or low taxation, no capital restrictions, estate planning and protection, and more.
In practice, anonymous asset protection does not involve hiding assets, nor is it based upon secret agreements or fraudulent transfers. It is based upon proven combinations of business and financial planning techniques.
Incorporation
Panama Corporations feature Bearer Shares, so shareholders have anonymity and privacy. Panama`s corporate secrecy laws are the most comprehensive in the world today. A Panama offshore corporation or company is not a "letter box" entity such those that are commonly formed in the British Virgin Islands and elsewhere.
Foundations
Panama Private Interest Foundations incorporate Private Protectorate Documents and Private Letters of Wishes. This allows the foundation "Guardians" and beneficiaries to remain anonymous and private. The Panama Foundation assets and bank accounts cannot be sequestered or frozen during litigation or other legal actions.
Banking
Panama uses the actual U.S. Dollar as national currency. Panama has no currency-exchange controls or restrictions so capital can flow freely in and out of the country. Panama is famous as an international banking center, with nearly all of the major players having a local presence here. Panama has no Mutual Legal Assistance Treaties for sharing banking information other countries. Panama does not recognize outside court rulings. Within the country, revealing banking information to third parties is a crime which is punishable by imprisonment. However, banks are obliged to name the shareholders or account owners to the authorities if there is a criminal Investigation, i.e. suspicion of fraud or money laundering.
Taxation
Panamanian IBCs and Private Interest Foundations are liable for no, or very low: income, capital gains, share or shareholder, inheritance or sales tax - to name a few. Panama does not have tax treaties with any other countries and has enacted comprehensive legislation designed to keep your assets and information anonymous and secure. Income does not have to be reported to the Panamanian government.
Domicile
Panama is a sovereign, democratic, nation. It has had a stable economy with low inflation for nearly 20 years.
Can you propose a better place to keep and/or manage your hard-earned money? The above does not only apply to money you have already banked. There is a world of money to make through investments in Panama. Read on for more articles. Better yet, come see for yourself.
Think
Panama!
For All your Offshore, Investment, Lifestyle and Real E state needs contact
Douglas M. Choy
at
Think
Panama.
com. They will be happy to provide any guidance and information you may need.
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