Offshore Advantages,
benefits and usage.
Anonymity
Panama is one of the best most reliable
offshore jurisdictions
in the world. It has Strict and Stable Privacy Laws and
it is the most important fact to protect your anonymity, in
Panama revealing bank information or shareholders information is
considered a crime.
When you constitute an offshore company, with nominee directors
and bearer shares you are deleting any track of your identity,
that doesn't mean that you will not control the company. If you
want more information please ask completely free
the Beginner Offshore Manual.
Tax Minimization
One of the characteristics to be considered among the top
jurisdictions are completely Tax Haven: no foreign source income
tax, no capital gains tax, no interest income tax, no
inheritance tax, etc.
Brokers, Accountants, Tax Lawyers, Financial Consultants and
CEOs use offshore jurisdiction to minimize taxes, you can save
by 30% of your annual profit.
Unlike many Panama countries it is a fiscal paradise or tax
haven. There are some characteristics to be considered like tax
haven:
1. The harvesting of income taxes is not the main factor of
the fiscal economy of Panama.
Panama mainly bases its economy on the benefit of services: The
Panama Canal, International Banking Centre, Sale of Corporation
and Foundations, taxes marine, Colon Free Zone, insurance,
container ports, and flagship registry, medical and health,
tourism and other business.
2. Fiscal crimes in Panama do not exist
Unlike other countries, Panama have no fiscal crimes neither a
repressive authority which you must anywhere render accounts to
them wherever places in the world you are in.
3. Foreign Income is not taxable.
The Panamanian Fiscal Code defines Foreign Income as those
derived from the following activities:
a) Interest, Financial Commissions or other similar captions
earned by natural or juridical persons, independently of their
place of organization or domicile, coming from loan, money
deposit or any other financial operation, carried out with
borrowers domiciled outside the national territory, as long as
the service rendered and the use of the money are made outside
Panama, even though, the capital or interest reimbursement is
effected in the country.
b) Income generated from civil, commercial, industrial or
similar activities and from the practice of professions,
occupations and any other kind of services rendered, performed
or exercised within the territory of the Republic of Panama.
When the services rendered implies the performance of work both
inside and outside the National territory, only those services
rendered within said National territory, shall be considered of
Panamanian source, and their amount shall be determined
according to the proportion of the man hours worked inside and
outside the National territory, or according to some other
economic criteria, duly proven and accepted by the Internal
Revenue Administration.
c) Re-invoicing or Re-exporting products that arrives to Ports
or Airports in Panama in transit to another destination.
d) Managing, from an office established in Panama, operation
that is formalized complete or ended abroad. Ex: Foreign Stock
Market, E-commerce, Forex Investment, Foreign Consults or
Translation.
4. Less Types of taxes.
The following taxes are not taxable in Panama:
Easy Incorporation Laws
Incorporate an offshore company takes two business days in less
than one week you receive in any place in the world your
corporation of foundation with bearer shares.
Incorporate an onshore company takes one day, get a valid
contributor number (there is no a requirement) takes hours. Get
a good standing certification takes hours, Apostille seal takes
hours.
Register a Foreign IBC takes two business days, change resident
agent, directors, dignitaries takes two days.
You can issue shares in any place of the world, there is no
annual meeting requirement.
Banking Center
Panama is considered among the biggest international banking
center with credibility investment in the world next to
Switzerland and Hong Kong, more than 100 banks were licensed in
Panama, from more than 20 countries and with assets of about
$23bn.
Unlike countries like Latvia and some Caribbean Islands, Panama
has a good reputation among the international community
Panama offshore jurisdiction has an excellent bank system that
permit to make secure transaction.
You can own a debit or credit card, as well as obtaining borrows
or loans to bring home free of taxes your offshore investments.
>>>See More
Good Reputation
The offshore jurisdiction must to be considered by international
community a way to invest and not as a tax evading country,
because it is susceptible of to receive international economy
sanctions.
Panama is recognized more than offshore jurisdiction per se as a
neat investment environment, the laws of Panama are the most
stable within the community offshore their uses goes back from
year 1927, is not an accidental jurisdiction, but rather that
shows an economy that turns around its geographic position, for
that reason enjoys excellent reputation
Standard & Poor's, Moodys, OCDE qualifications as far as
stability in the investments and reputation are very good
(double-'B'-plus/Stable/single-'B').
Meanwhile Panama has the best qualification among offshore
jurisdiction for assets protection and estate planning by
several reports around the world.
For
that reasons you can constitute Panama incorporation and
Panama's Private Interests Foundation, only for two thousand
dollars you protect all you assets and invest to make more
money, if you want more information, feel free to
contact us.
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