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Utilizing Panama Corporations & Foundations For Asset Protection
Panama has fast become one of the most popular destinations for asset protection. Panama is noted for it's bullet proof corporation / foundation asset protection structures, US dollar based economy, iron clad banking secrecy laws and stable government.
Panama has fast become one of the most popular destinations for asset protection. Panama is noted for it’s bullet proof corporation / foundation asset protection structures, US dollar based economy, iron clad banking secrecy laws and stable government.
Panama offshore asset protection structures provide a layering effect for all offshore asset protection and an iron clad plan for anonymity.
The Corporation structure is also called the Anonymous Bearer Share Corporation. The owner of the offshore corporation is determined by whomever is holding the share certificates. The share certificates can be physically held anywhere in the world.
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’s economy is US dollar based and extremely stable with Panama offering the same rules to protect both foreign and local business owners.
The real advantage to utilizing Panama for offshore asset protection is that Panama’s government has no tax treaties or Mutual Legal Assistance Treaties with any other countries in the world.