Why Panama

Why Panama?

Selecting an offshore jurisdiction is an integral part of establishing an offshore structure or financial account. The jurisdiction that you choose should have at the very minimum, the following 10 characteristics:

1. A Full Fledged Tax Haven - no capital gains tax, no interest income tax, no inheritance tax, etc.

2. Favorable Incorporation Laws - the corporate laws of thecountry should enable you to hold "Bearer Shares", have directors from any country, inexpensive, and be able to incorporate Private Interest Foundations.

3. Stable Currency With No Currency Restriction Regulations - there should be no restrictions on the movement of funds in or out of the country.

4. Strict Privacy Laws - there should be strict privacy laws that protect your bankinginformation and corporate book information from anyone, including foreign governments.

5. Stable Government - the government of the country should be stable and should use the opposite legal system of your domestic country (if your country uses common law, you should seek a country that uses roman law). The country should be safe to visit.

6. Stable Economy - the economy of the country should bestable.

7. Excellent Banking System - the banking system of the country should be advanced both in areas of banking infrastructure, government auditing, and technology.

8. Excellent Communications System - the communications systems of the country should be technologically advanced in comparison with first world countries.

9. Language Compatibility - the language of the country should besuitable for your understanding.

10. Time Zone Compatibility & Close Location - the time zone of the country should be such that you can contact your offshore provider or financial institution during your normal domestic business hours & fly to the country quickly if necessary to handle business.
After careful research, you will find Panama to be the ideal jurisdiction for your offshore needs.The Panama corporation law was promulgated over 70 years ago and has since been copied by many of the other tax haven nations such as Bahamas, St. Vincent, Bermuda, Belize, Isle of Man, etc.. Panama is one of the most popular places in the world to incorporate, with currently over 350,000 registered entities. Panama also offers the Panama Private Interest Foundation, which is one of the mostuseful asset protection and estate planning vehicles available today.
Panama offers the following benefits and advantages:
1. Panama is a 100% Tax Haven: Non-resident Panamanian International Business Corporations (IBC's) and Private Interest Foundations do not pay tax on any of their income (as indicated below), nor do they have any reporting requirements to the Panamanian government.
· Noincome 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.
2. Panama offers the most favorable and most flexible incorporation lawsavailable in the world. Private Interest Foundations are also available, and are one of the most widely used estate planning structures in the world today.
· Panama is the registered domicile for over 400,000 corporations & foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.
· Panama does not impose any reporting requirements for non-residentPanamanian corporations.
· Panama does not allow "piercing the corporate veil".
· Panama corporations share certificates can be issued in Nominative or Bearer form (anonymous form of ownership), with or without par value.
· Panama corporations do not require Paid-In Capital, nor is there a time limit in which authorized capital must be fully paid.
· Panama corporations directors, officers and...