Panama Corporations are known world wide for being the most
anonymous corporations in the world. There are many
advantages to incorporating your offshore company in
Panama. The company has strict privacy laws, easily
accessible banks, they don't recognize tax evasion as a
crime or participate in any tax treaties and a corporation
can be set up within a matter of days.
Panama law allows an S.A. corporation or a bearer share
corporation to be owned by the actual person with physical
possession the of certificates of stock. There is no
required record of ownership in any type of registry or
database. The government of Panama does not even know who
the owners of the bearer share corporation are. The law
allows for the Nominee Directors to be hired and are they
are considered employees and are not owners of the bearer
share. However, the public registry does record their
names. That is why most people hire people for their
nominee directors in which they have no affiliation,
because it helps further secure their anonymity.
Under a bearer share corporation, you can transfer the
stock certificates easily and privately with no recorded
proof of the sale that will link you to the transaction.
Many people wonder what they can do with their bearer share
corporation once it has been effectively set up.
In Panama a corporation can own its own bank accounts, have
stock trading accounts, own real estate, have boats,
planes, cars, art, jewelry, own other businesses, and many
other valuable assets. This can all be done without anyone
ever being able to prove who the true owner of all those
things really is. In the eyes of the public it is all set
up to belong to the bearer share corporation. Panama has
very strong privileges of protected communication between
an attorney and their client. There are many things that
are also strategic that a lawyer can do for their client in
Panama.
Regardless of where you go in the civilized world a bank
will require a beneficial owner for any bank account that
is opened. Identity documents are also required to open the
account, but in Panama that is all covered their strict
bank secrecy laws. These secrecy laws are largely
recognized as the best in the world. In as little as two to
three business days a Panama bearer share corporations can
be incorporated when you are working with the right parties.
The exact particulars of a Panama bearer share corporation
are not very complicated. The corporation may issue shares
in physical form, but they don not have to be given a fixed
value. The only publicly recorded documents are the initial
articles of incorporation. Those documents list the
officers and directors, which are the nominee directors
that were selected and also the registered agent that was
chosen. The person who actually owns everything on paper
and in the eyes of the law would be the person who actually
has the physical shares of the offshore company in their
possession.
Many people leave the physical shares blank with no names
on them for safety purposes. Ownership can be changed at
anytime without any legal obligation to report any changes
to the government. There is never any public record of who
the actual owner of the corporation is. There are a few
other ins and outs of owning a Panama bearer share
corporation. The country has annual fees of three hundred
dollars. They do not require any minimum amount of paid
capital for a bearer share corporation in Panama.
It is not required to have board meetings for your bearer
share corporation's share holders. Panama allows these
corporations to keep their financial records wherever they
wish to keep them in the world. Additionally, share
certificates can be kept anywhere in the world and the
location does not have to be listed or made apparent to
anyone.
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Find out more about incorporating a Panama corporation and
offshore asset protection at http://www.offshorelegal.org/
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