Panama Offshore Services
Panama Offshore services are an excellent way of protecting your privacy as well as creating a tax haven. Are you interested in opening an offshore bank account, or using other offshore banking services? Panama is the ideal jurisdiction for opening your account, forming your International Business Corporation or other type of panama companies or engaging other offshore services. Services that may be offered offshore Panama include the formation of International Business Companies (IBC), Private Foundations (PIF), Bank Accounts, and virtual offices.
Offshore International Business Corporations (IBC)
Panama offshore corporations are companies that don’t do significant business in Panama. These Offshore Panama corporations may also be known as offshore companies, International Business Companies (IBC), or non-resident companies. They are a great way of maintaining privacy and creating a tax shelter.
Offshore Bank Accounts
Panama Offshore bank accounts give financial access to politically and economically stable jurisdictions. That could be an advantage for those residing in areas where there is a risk of political turmoil who fear their assets may be frozen, seized or disappear. In addition to stability, offshore banking services offer privacy and security. You can take advantage of the additional privacy and security offered by off shore banking to explore investment opportunities throughout the global economy.
Offshore Private Foundations (PIF)
Panama offers Panama Private Interest Foundations (PIF). This is one of the most useful asset protection and estate planning vehicles in the world. The Panama Foundation is for people who wish to control and maintain ownership of foreign corporations but do not wish to do so directly due to the Controlled Foreign Corporation (CFC) rules in their home countries. Thus instead of holding the corporation’s shares in any form, they establish a Panama PIF, which holds or owns the shares of their foreign corporation. They have thus taken their name off the company and it becomes completely anonymous.
Offshore Service Providers
If you are interested in opening an offshore bank account or availing of other offshore banking services, the first thing that you have to do is to find a reliable offshore service provider. There are two kinds of offshore service providers -- the general and specialized providers. But what is an offshore service provider?
Offshore service providers are panama companies that help you incorporate and registering an offshore company or trust. These providers would also take care of offshore company administrative work, thus making sure the offshore company can maintain credibility and operation in the jurisdiction it’s registered in. In Panama offshore services will provide you with a registered agent for your offshore company, follow up on review and renewal of the rules of the company, and liaise between you and the Panamanian government. They would also perform other administrative functions including fulfilling filing and reporting requirements.
They may also provide optional services that you may choose if you wish to enhance the company’s functionality or privacy.
When choosing an offshore service provider, consider both their capability and the level of trust and transparency they will provide. They must not only be able to do the job, but deal with you fairly and honestly.