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Protecting your Assets with Panama Corporations & Foundations

By: Art Cablestein

For offshore asset protection, the Republic of Panama has gained a reputation as the top choice in the world due to it's stable government and bulletproof banking secrecy laws.

Panama offshore asset protection structures provide a layering effect for all offshore asset protection and an iron clad plan for anonymity.

Offshore corporations set up in Panama issue share certificates known as "bearer shares". The corporation is owned by the person or entity in possession of these bearer share certificates and can be transferred by simply handing them to another individual.

There is also the Foundation structure in place. The use of an offshore foundation is important because, in Panama, a foundation can not be owned by anyone and there are therfore no names attached to any offshore assets. A foundation can own assets but cannot conduct business transactions.

Foundations are extremely useful for business even though they cannot directly perform business transactions. A Panama foundation can own a Panama corporation which allows for an extra layer of asset protection and anonymity.

Banking secrecy laws in Panama rate near the top globally and are strictly enforced by the government and institutions in Panama.

Panama is the only Latin American country whose economy is based on the United States dollar. If you plan to hold an offshore corporation it is important to know that Panama has equal treatment for local and international business owners. Their economy is stable and has low inflation.

Panama's government has no tax treaties or Mutual Legal Assistance Treaties (MLAT) with any other countries at all! This means there are no exchange controls and Panama is a strong haven for offshore banking. Panama's legal and political structures are sound and can boast long-term stability.

Article Source: Main Articles

Protect yourself with asset protection strategies and panama offshore corporations & offshore foundations at OffshoreLegal.org.

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