There are many countries with offshore financial centers (OFC), in fact, there are some that are very popular, such as Switzerland, Belize, Cayman Islands, etc… but Panama is one of the countries with the most favorable and advantageous laws for the construction of offshore companies in the world. Whoever is interested in investment diversification, tax advantages and wealth protection, can resort to a Panamanian offshore company.
Also, terms can be used to refer to a Panamanian corporation: “international business corporation”, “ibc“, “ibc offshore”, “sociedad con acciones al portador”, or “sociedad anónima“.
Why set up an offshore company in Panama?
In Panama, offshore companies can be incorporated for a variety of purposes:
- Heritage Protection.
- Establish a foreign investment account.
- Establish a foreign bank account.
- Liquidate trusts or private foundations.
- International trade.
- Movement of funds to another jurisdiction.
One of the most attractive laws for the incorporation of an offshore company in Panama is the law of banking secrecy and corporate books. A Panamanian corporation provides legal protection to your assets and your identity through the confidentiality of commercial and banking transactions. In addition, Panama is one of the few countries in the world that offers the “bearer share corporation”, which is an offshore company in which all shareholders are anonymous.
If you are interested in incorporating an offshore company in Panama, and would like more information and advice on how to do it, do not hesitate to contact us. We will put at your disposal our experts in the matter.
