by Offshore Legal Support Inc.
Within our services range, we offer several areas of practices
focused to make our customer life easier. From entertainment
activities to complex legal framework, our company will provide
solutions to our customer and every aspect of the offshore
industry. Is not about set up corporations but giving our
customer certainly tools to make their money productive
Take a look this site we are pretty sure there are a lot of
important issues you have not even considered we
recommend initiating your navigation in our
Moving Offshore in Panama is a wise decision; there are a lot of
reasons every time more people choose Panama as the
best offshore jurisdiction in the world. The characteristics to
be considered among the top jurisdictions are:
1. Completely Tax Haven: no foreign source income tax, no
capital gains tax, no interest income tax, no inheritance tax,
2. Easy Incorporation Laws. Incorporate the offshore
corporation in less than one week, allow bearer shares, and
allow directors, subscribers and dignitaries from any country.
3. Strict and Stable Privacy Laws: to reveal bank information
and shareholders information must to be considered a crime.
4. Banking Center: The offshore jurisdiction has to own an
excellent bank system that permit to make transaction online or
by credit or debit cards.
5. 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.
6. Trust or Foundation System: to make secure your control of
the shares, without losing
giving alternative system to protect your shares in addition to
The Minimization of taxes is a legal way to optimize your
profit, when you go offshore in Panama, you receive the
No tax reporting requirements.
No income tax.
No capital gains tax.
No interest income tax
No sales tax.
No tax on issuance of corporate shares.
No tax to shareholders.
No stock sale or transfer tax.
No capital stock tax.
No property tax.
No estate tax.
No gift tax.
No stamp tax.
No succession tax.
No inventory tax.
The strategic position of Panama has been recognized as an
element of vital superiority for the international trade
Panama doesn't have Double Tax Treaty with any nation in the
world. It implies that if the company is present at several
countries, only has to pay income respectively in those
countries, but if you go offshore you don't have to pay taxes in
any place in the world when your products are been selling from
here to another country, for example E-commerce or
Re-exportation. In Panama you have a strong banking sector and
low taxes regimen, it meant to save you a lot money destined to
pay in taxes established on others jurisdictions, taxes that do
not exist in our country.
Re-invoicing or Triangulated Trade optimizes your profit; think
in the entire asset your company loses paying taxes. 30% to 40%
of your profit goes directly to the Government; we are not
suggesting you that to pay taxes is bad. No, we don’t. Your
company still paying income tax, but this time will be less,
except when you invoice from Panama to another country, this
would be considered foreign source income tax and it is tax
free. How would do you do that? When you make a panama offshore
corporation to realize re-invoicing or triangulated your trades,
you will buy the products from Panama to any place in the world
or you will make the invoices from Panama, this services will
increase your costs, by consequence, your profit diminish but
only in your accounting book because your panama corporation
will collect for this services. You increase your original
company expenses but by means of the anonymity, you will save
the money of the invoice, due that you will purchase to yourself
in market price. An US Company pays in taxes to the Government
of the United States 38% in income taxes, in other words, every
US$50000 they have earned, must to be paid US$19000 in taxes.
This company contracts our services and open an offshore
corporation in Panama, this company bought a product in Brazil;
then, they sold the same product in market prices to the US
Company, they sold the product in USA, but diminished the
operating profit but just in the books, because the Panama
Corporation belongs to them, but in anonymous shareholders.
Panama offers the most eligible and flexible incorporation laws
available in the world.
Panama jurisdiction with corporation and private foundations
are the second most popular jurisdiction to incorporate in
the world, next to Hong Kong, but in this, the main factors
why people are registering their domicile here, is just for
business, Panama diversify its range of investment to estate
planning and assets Protection.
Panama does not impose any reporting requirements for
non-resident Panamanian corporations.
To disclose of the beneficial owners is not a requirement to
access registration by the Public register.
Companies doing business outside Panama are not required to
file annual return/financial statements or to keep their
books in Panama.
Nominative or bearer shares can be issued, with or without
There is no requirement issued share capital.
Annual meeting of shareholders or directors is not a
Directors and shareholders may be citizens of any nation of
Panama corporation or International Business Corporation in
Panama allows doing business with foreign and Panamanian
companies around the world and is permitted to own real
estate in Panama.
Directors no need to be shareholders.
Corporations who are conducting business outside of Panama
do not require a commercial license for offshore business
Panama has an onshore system very attractive for the foreign
investment, because our laws have been designed for giving legal
security to the investment. As well as several areas that Panama
looking for to consolidate itself as a hub in telecommunication,
Air flight, e-commerce, exportation tax free, importation and re-exportation
in free zones, real estate, insurance, franchises, retails,
international trades and others.
One of the reasons people go offshore is, indeed, to protecting
their assets, moving their assets into a legal inconspicuous
entity which will protect them from attack by rash litigation,
seizure from government, attack from an strangler spouse, in
fact anything which may threaten your hard earned wealth.
You could be broke by any of the following causes:
· Breach of contract by no fault or fortuitous causes.
· A malpractice lawsuit or other kinds of lawsuits.
· Fines for violating state or federal law due to actions of an
· Claims from creditors if your business should fail.
· Catastrophic medical fees or other invoices.
· A huge tax bill and escalating penalties following a tax
People go offshore to invest, but it depends of the
jurisdiction, Panama is rich land of attributes to business,
please visit our investment section inside
By means of Triangulated commerce you can diminish your domestic
taxes increasing your costs by an intermediary company (your
Another reason is merely to constitute an Estate Planning.
Simplify inheritance procedures and taxes.
Panama offshore system is one of the best ways to protect your
assets in the world, when you constitute a Panama Corporation
and you protect your identity with anonymous shareholders,
bearer shares, Panama's Private Interest Foundation or Panama's
Trust; you will not lose the control of your goods, you will
not lose your anonymity neither.
Around the world there are a lot of companies that prefer to
protect himself with offshore companies. In Europe and United
States take place almost 4 of 5 claims in the
world that is because a lot of companies are buying offshore
companies. You can protect your assets in Panama, you will be
sure of the foreign exchange because Panama's currency is the US
Our Panama law firm is dedicated most of all to sell this
offshore legal services to hundred of persons around the world,
also to another law firms or directly to companies that sale
services such as: financial services, insurance, banking,
gambling, consulters firms, or any international trade product,
just as clothes and fashion industry our Panama Free Zone (we
have two, one in Pacific and another in the Atlantic),
accompanied with our Patent and Trademark laws, make it easy to
sales from Panama to another countries with substantial saves in
taxes, because Panama is a Tax Heaven.
Technically speaking; in Panama if you receive profits from
foreign source, you have no pay income tax.
A lot of people use offshore just to avoid taxes in their
enterprises, in a lot of countries that is a crime, includes
United States, but nobody can deny you the possibility to invest
in Panama, because of its geographic position, financial center
advantages, friendly taxes, etc.
For that reasons you can constitute a 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,
do not hesítate
The Private Interest Foundation is another legal figure with
resemblance to the Trust that gives attractive to our system,
consist in asset protection without losing the control of the
goods, it means when you constitute a private interest
foundation you constitute legal protection of any legal action
or measured to prevent directed to take control of these goods.
People use Private Interest Foundation to protect goods and
properties of corporation, just adjusting to the norms and do
not decrease the net worth of the company.
Our legislation about corporation are effective since 1927 and
comes exactly from a model established in the State of Delaware;
our corporation allows any person or company to constitute
itself in our country and simultaneously to take refuge in our
norms of territoriality, it means that the taxes is limited just
income and the pay of annual payment of 250.00$, but its best
details is you can incorporate so easy and you can make it
keeping the privacy of the owners without lose control of the
administration with the minimal intervention of the government
in your finances.
Retire in Panama
Panama has greats plans of retirement for foreigners, every time
our legislation offers incentives and exonerations of taxes to
the pensioners and person older than 55 years old of any country
of the world. Also if you add the paradises landscapes and
availability to buy Real Estate to very low prices beside the
capacity to invest, you'll conclude that Panama is the golden
land for the golden age.
Offshore Bank Accounts
If you don't have one, probably you have joked around with it or
perhaps you had heard about it referred from a John Grisham's
book, he loves mentioning it. It is not that kind of simple
such as movies, however there is nothing immoral in it. For
example you are a traveler you love vacation in the Caribbean,
Costa Rica or Panama, you are managing with traveler checks, but
you love spending time in Central America, because there is no
restriction for spending more than three months, the logic
movement, in deed would be open an account in there. Because you
will return the next year and there is no withholding or any
kind of saving taxes. While you are working in your country,
your money in the Panama bank is enhancing with interest rate.
That would only for diversification purposes. Despite it, some
countries the income tax is applied to interest in foreign
banks, fortunately private interest foundations is separate
entity and there no income taxes.
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