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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 »

Trust and trustee services

Trust and trustee services - Offshore company A fiduciary structure can help preserve your wealth and offer you greater flexibility over the management and distribution of your assets. A trust is established when a person, known as the Settlor, transfers assets to a Trustee. The Trustee is required to administer the trust assets and is responsible for managing and distributing the assets to the beneficiaries in accordance with the terms of trust. Trusts allow for someone else to manage the property, which can be useful when the property management requires significant time or skill; for example, in the case of management of real estate properties, a commercial business, an investment portfolio, etc. Trustees manage the assets per orders detailed in the trust deed and follow the trust regulation ... Read More »

Bullet proof package

We can offer you a complete and modern package, suitable for all the customers, to protect your privacy, and allow you to bank and invest offshore - Bullet Proof Package or Tax Proof Offshore Structure. This is a dual entity structure, composed by a Private Interest Foundation holding ownership of an offshore company, which provides the utmost in asset protection, anonymity, privacy and convenience. The corporation holds all major assets and the foundation acts as a holding company to the corporation. The components of the foundation are:        •   Founder - is the person/entity that forms the foundation public registry which at that point holds no control.      •   Foundation council - serves the same function to the foundation as directors do to the corporation. ... Read More »

Wealth protection situation

SITUATION: Mr. John has three companies in his country of residency. Those companies have different activities in Romania and Italy. He also owns three real estate properties in his residency country worth over 3 million Euro each. Mr. John contacted several personal loans a few years ago. Lately he has not been able to pay it and he is currently in default risk.  The monthly income from properties and his companies is not enough to cover all the costs, because of the market situation. He thought also to sell one of the properties but since he wasn't able to get the right price seems not to be a solution for the moment. Therefore he will risk entering in enforcement procedure and loose maybe all his property or affect companies' activity. PROBLEM: Mr. John needs to protect his assets and his companies' ... Read More »