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Panama

Panama - Offshore company - Overview Panama occupies an area that connects north and South America, being bordered on all forth sides by Costa Rica, Colombia, Caribbean Sea and Pacific Ocean. Panama jurisdiction has become one of the most important tax havens of the Western Hemisphere, due to its structure, geographical position, political stability and economical characteristics. The country has taken very important steps for economy modernization and promotion of foreign investments, becoming equally well known as a favorable and stable international offshore financial center, with hundreds of offshore banks, and thriving business of offshore incorporations. Most Panamanian and foreign investors choose to form Corporations. The country does not impose any restrictions on incoming and out coming monetary transfers, no exchange controls, currency limitations and reporting requirements. ... Read More »

PANAMA Offshore Foundation formation

The Panama Private Interest Foundation (PPIF) is a type of Private Foundation considered the most secure asset protection tool in the world, regulated by The Legislative Assembly in Panama approved Law No. 25 of June 12, 1995 and constructed on the Panamanian Trust Law (No. 1 of 1994) as well as the Liechtenstein Family Foundation Law of the Principality of Liechtenstein in Europe. Panama Foundations have no owners under Panama Law - the beneficiaries and the protector, which are the effective controllers of the company, do not have to be publicly register anywhere. The Panama Foundation structure is Europe's equivalent of a Trust and has been used principally as an estate and succession planning tool by wealthy families for hundreds of years.The offshore foundation is a ... Read More »