Nice Live Inn Panama

Posts Tagged ‘offshore banking’

We are a law firm which means you have attorney client privilege – We specialize in Offshore Asset Protection. All of your affairs handled with us are covered by attorney client privilege which means that we could not reveal anything about you or your affairs without your specific permission or unless we were ordered to do so by a Panama Court (not a common occurrence). You can benefit from the legal protection and security of dealing with a licensed Panama Law Firm. If you buy an offshore corporation, offshore trust, offshore foundation or an offshore bank account from a non- law firm they could freely reveal your confidential information which they collect from you like name address, passport, name of corporation, bank account information etc. without any statutory penalties, in other words you do not have the benefit of attorney client privilege. Some of these corporate resale agents say they have some sort of financial privacy protections but it is flimsy and cursory at best.

Start here to learn more about why you should use a law firm for Offshore Asset Protection

Why use Panama – Panama is currently the new Switzerland and is also the number one retirement haven in the world. Panama does not tax offshore derived income, capital gains, etc. All tax violations in Panama are civil offenses, none are criminal and Panama has no tax treaties with any country. Panama actually requires all corporations to be formed by a lawyer to protect the privacy of their 400,000 corporations on file thus ensuring renewals each year. Panama cares about privacy, bank secrecy and asset protection. We only deal in Panama which is considered to be the most private jurisdiction in the world today, with the best bank secrecy laws, best corporate and foundation anonymity and strongest attorney client privilege in addition to having world class banks. Panama has no hurricanes, no earthquakes, no active volcanoes and no tsunamis which is why the Panama Canal was built here. So you do not have to worry about being unable to contact your bank by internet or telephone because a storm just passed over their island. Since we are in Panama we can and will represent any of clients who need legal representation in Panama with affordable rates (0.00 hour). And yes we do get in our car and go down to the Panama banks representing our clients to open their bank accounts and to resolve any issues or problems that may come up down the road when our clients need our assistance. We are your corporate resident agent and would receive any official notices on behalf of your Panama Corporation or Panama foundation and of course we would understand the notices and could advise you not just say “hey, you got a document you need to read”. We are reachable by phone and email seven days a week and of course all communications with us are privileged communications. Always feel free to ask us questions by phone or email.

To learn more about why Panama excels as an Offshore Jurisdiction click here:

http://www.panamalaw.org/attributes.html

To learn more about Panama Asset protection click here:

http://www.panamalaw.org/asset_protection.html

Panama Banking – Panama boasts of having 150 international banks which is a living testimony to their strong bank secrecy laws please keeping in mind Panama is a country of 2.9 million people and these banks are in Panama City which is only about 9 square miles. All the banks we deal with have online banking including the ability to send international wire transfers. You do not need to come to Panama to open a bank account but you do need to supply reference letters and passport copies. You can even get up to 7% interest on 5 year deposits. The national currency in Panama is the US dollar but some euro accounts are available.

For more information on Panama Bank Accounts click here:

http://www.panamalaw.org/offshore_bank_account.html

For information on Offshore Debit Cards click here:

http://www.panamalaw.org/anonymous_mastercard.html

For information on offshore ATM cards click here:

http://www.panamalaw.org/anonymous_atm.html

Panama Anonymous Bearer Share Corporation – Such anonymous corporations are called by this term in Spanish – sociedad anonima. These corporations have no registry or database into which are entered the owners of the corporation. Ownership is through the printed stock certificate called bearer shares. There is no tax on offshore derived income other than the 0 annual tax included in our prices. Transfers of ownership do not have to be reported. With a Panama bearer share corporation wires moving through the wire system are not associated with any natural persons for more privacy. Panama corporations can be formed in 2-3 days. Panama bearer share corporations can own real estate anywhere in the world under Panama law.

To learn more about Panama Corporations click here:

http://www.panamalaw.org/bearer_share_corperation.html

Panama Private Interest Foundations – A Panama foundation has a number of advantages. It is like a combination of a corporation trust and will. Foundations have no real owner. The Panama foundation is anonymous. The foundation instructions are kept secret. Foundation assets including bank accounts are generally non-freezable. Foundations can own corporations and real estate.

To learn more about Panama Private Interest Foundations click here: http://www.panamalaw.org/panama_foundations.html

Panama stock Brokerage – You and or your corporation or foundation can have a Panama Stock brokerage account and play the worlds markets from home. Panama secrecy laws apply.

For more information click here:

http://www.panamalaw.org/stockbroker.html

Panama Passports, Visas and Residency – Panama offer an instant Passport program, a number of exciting and affordable visa programs.

To learn more about these exciting options click here:

http://www.panamalaw.org/passport_program.html

http://www.panamalaw.org/live_and_retire_in_panama.html

To learn more about the Panama Reforestation Visa Program click here:

http://www.panamalaw.org/reforestation_visa.html

Panama Legal Law Firm Panama Asset Protection Strategies:

Formation and Management of Anonymous Panama S.A. Bearer Share Corporations (sociedad anonima)

Asset and Estate Protection with a full range of effective strategies including Panama Foundations and Foundation Protectors

Providing corporate nominee directors and resident agent

Offshore Bank Accounts in Panama with online banking

Anonymous ownership of real estate anywhere

Anonymous ownership of boats and planes anywhere

Real Estate Investment (Panama real estate appreciating 28% per annum)

Panama Passport Program

Panama Residency, Citizenship, Visas

Stock Trading Accounts in Panama with secrecy

Offshore Visa, MasterCard from Panama Bank and other countries

Offshore ATM debit card

Offshore Merchant Accounts for high risk or low risk accounts

http://www.panamalaw.org

http://panamalaw.org/bearer_share_corperation.html

http://panamalaw.org/panama_foundations.html

http://panamalaw.org/foundation_protectors.html

Recession has toppled the property market as we know it – not just in the United Kingdom but also in many areas around the world. However, for the brave and innovative investors amongst us, there is still potential to identify property hotspots around the world for 2009. This might be especially relevant if you are thinking of moving home or moving countries anytime soon.

A real and current hot spot is Panama. With its strong economy and encouraging tax regime, businesses are attracted by its offshore banking facilities. This makes it attractive for property investors, who can choose between offices, beachside resorts, and hotel occupancy deals.

A close contender is Kuala Lumpur in Malaysia. It is a booming city, with property that is still affordable, and can be reached fairly easily by budget airlines (always a key factor in property prices for United Kingdom investors). Job opportunities are also opening up here as it moves towards becoming the new Bangkok.

With Latin and Central America surging ahead in the property investment stakes, Brazil is up next. It is a vast country, so it is best to narrow it down to somewhere like the north-eastern city area of Natal, with its fresh environment and unscathed space, as well as a warm year-round climate and great coastal culture. People will always travel for sun and beaches!

In fourth place it is the mountain region of Slovakia with winter sports in winter, and golfing, walking and other nature-related activities in the summer. It’s beautiful, unspoilt, relatively inexpensive and not far away. The new Bulgaria perhaps!

Coming next is the United States. This is perhaps surprising given the economic climate, but for those not actually living there or less affected by recession, it is tipped as a goer because property prices could be about to totally bottom out. In some areas properties are going for up to 60 per cent less than originally priced and still offer an opportunity to make a quick return.

Last in this list is the United Kingdom. Again, here, property prices might soon bottom out, and for resident owners that is not great. However, for overseas investors the weak pound will make property look attractive. To these investors, property in the United Kingdom is currently over 50% per cent cheaper than 12 months ago.

But wherever you go you will need to consider hiring a removals company to be in charge of a part of your moving home process. You may also need to look at the regulation if you go to another country as you may not need conveyancing solicitors and as a result will not have to pay conveyancing fees.

From Barrons to International Living to MSN Money there have been a string of articles in the last few years about making your pension and social security dollars go farther by living overseas. Belize is a great choice in this regard. Not only is the Caribbean nation a good place to live but the climate is tropical and Belize is an excellent location to set up offshore banking and an offshore corporation. 

What and where is Belize? 

Belize was British Honduras until 1973 although it gained its independence in 1964. The society is diverse with English, Spanish, and Creole spoken. Mexico lies to the North and Guatemala to the West while on the East is the Caribbean Sea and the world’s second longest barrier reef system. Belize has a third of a million people living on just less than 9,000 square miles of land, giving it one of the world’s lowest population densities. Belize is the only nation in Latin America to be a member of the British Commonwealth. 

Making the Most of Your Retirement Savings in Belize

Belize typically comes up in these discussions as a safe, cheap, English speaking nation on the Caribbean with a legal system based upon British Common Law. Typically cost of living for Belize is cited as between ,000 and ,000 a month depending upon whether you live on one of Belize’s many offshore islands or on the mainland.

How much you spend to live in Belize will depend upon how much you integrate yourself into the culture and to what degree you want to maintain a lifestyle of conspicuous consumption. Belize has luxurious, gated communities and Belize has safe, quiet neighborhoods where prices are cheap. If you don’t bother with cable TV and an internet connection in your home, don’t party a lot nor have servants it can be easy to live for around ,000 a month. If you want to live a more lavish life style, for less than elsewhere, you can save thousands of dollars a month by living in Belize (and spend a few thousand too). If you are interested, come to Belize to visit. Rent for a bit and explore. You could be very happy that you did. Then, while you are visiting, check out the other aspects of Belize that may be useful. 

Belize Offshore Banking 

Opening a bank an offshore bank account in Belize is easy. You do not even need to go to the bank. With an introduction to a reputable, competent, trustworthy bank in Belize you can set up your account online and by fax.

In order to open an account in Belize you need only provide your full name and a copy of your driver’s license or passport, proof of your address, a utility bill for your address, and a reference from your current bank. Ideally you will need to have had a two year relationship with the bank that provides your reference. 

Belize has local, Belize banks, and international banks doing business in Belize. A little investigation, in English, will help you find the right banking choice for your banking needs. If you still want to travel in retirement you can do all of your banking with your Belize offshore bank online from anywhere in the world. 

The banking guidelines in Belize provide you with unparalleled privacy and security in handling of your accounts and transactions. Although the bank will need this information to open an account your personal information is not available to third parties without your knowledge and consent. 

Belize Offshore Corporations 

A Belize International Business Corporation (IBC) is a legal entity which is incorporated in Belize but does not do business in Belize nor pay taxes in Belize. A Belize IBC needs to have a registered agent in country and pays a 0 annual fee. 

A Belize IBC can be set up by an individual or other legal entity. The IBC requires a shareholder. This shareholder can be the actual, registered, shareholder who records its own name on the share certificate and in there share record or a nominee shareholder.

A Belize Offshore Corporation can be used for offshore banking, to invest outside of Belize, and to engage in business and trade internationally. A Belize IBC can hold bank accounts as well as operate businesses, own real property, and buy and sell any and all kinds of goods and services.

If you are looking for an extra layer of asset protection and privacy, a nominee shareholder is used for your corporation. The nominee shareholder’s name is on the share certificate and in the share register and the nominee shareholder signs a Declaration of Trust giving up any and all rights to voting rights and any rights to exercise, sell, or transfer the IBC shares. 

Why Choose a Belize International Business Corporation? 

Belize used to be British Honduras. This Caribbean nation’s official language is English. The legal system is based upon English common law and the government is a parliamentary democracy based upon that in England.

Belize International Business Corporations are simple in that they require a single subscriber, a single shareholder, and a single director. Belize is a tax advantaged location so that a properly set up Belize IBC can pay minimal taxes.

Although a Belize may not do business in Belize it may bank there. Nominee shares may be issued for a Belize IBC increasing asset privacy. Shares may be registered or bearer shares. As with most offshore incorporations a Belize IBC requires a registered agent in Belize. The applicable law for setting up and maintaining a Belize IBC is available in pfd format in English. 

According to applicable law, page 63 of pdf, “A company incorporated under this Act shall keep such accounts and records as the directors consider necessary or desirable in order to reflect the financial position of the company.”

Also, page 64 of pdf, “The books, records and minutes required by this section shall be kept at the registered office of the company or at such other place as the directors determine.”

Besides being a place in the sun for your retirement years Belize is a tax advantaged location with excellent protection of the privacy of your assets.