Republic of Panama is independent. It offers the strictest banking secrecy laws available in the world. It provides legal protection to assets and individual identity through private banking transactions and confidentiality of corporate business.
Panamanian Law is extremely indulgent with its offshore clients. A Panamanian International Business Corporation allows individuals and corporate to carry out financial deals and conduct global business. The incorporation can be an anonymous bearer share type. Panama law does not need the ownership details to be revealed, even to the Government, and there are no internal taxes. The banking fees differ from one bank to another.
What we can do for you?
Setting up an Offshore Corporation requires the right advice. Panama Maritime Ship Services deals regularly on behalf of its overseas clients. As a general guide, our personal advisories include private consultation before we share our knowledge on forming off shore corporations. We cater to individual and corporate clients. Our professional staff will select the right type of solution for your business needs. In Panama, we have a strong presence with our backhand knowledge of laws to form offshore corporations.
Minimal procedure involves selection of the offshore bank. For an individual name a retail bank is sufficient to maintain small amounts. We check whether the home country has any treatise as individuals can fall in tax trap if accounts are revealed. Most off shore bank have websites so that money transfer is easily wired globally. In such cases the financial institution shall require ID and minimum balance opening. We also facilitate other allied financial solutions and services with timelines:
Forex trading
Merchant account services
Online/international merchant accounts
Managed trading accounts
Automated trading account
How does Panamanian Offshore offer advantages?
No reporting
No legal postal address
No paid up capital
Confidential, complete and direct control without public declaration of beneficial owners
The board meetings can be conducted anywhere on the globe. The directors or executives need not be Panamanian citizens. Total privacy to top management. However names and identities should be available for public registries when corporation is formed. A nominee director can be named.
Registration to ownership and changes remain a secret.
Profits accrued can be deposited in any country. No taxes charged in Panama. No local litigations either.
Protection from creditors
Protection from financial rumblings with legal aid (not available if a scam erupts)
The offshore corporation should include the following:
