Panamanian Legal Services
Panamanian services are an excellent way of protecting your privacy and your business. Are you interested in opening a Panamanian bank account or using other Panamanian banking services? Panama is the ideal jurisdiction for opening an account, forming an International Business Corporation (IBC). Services that may be offered in Panama include the formation of Companies such as S.A. or LLC, Private Foundations (PIF), Bank Accounts, and virtual offices.
International Business Corporations (IBC)
Panamanian corporations are companies that don’t do significant business in Panama. These Panamanian corporations may also be known as offshore companies, International Business Companies (IBC), or non-resident companies. They are a great way of maintaining the privacy and creating a subsidiary to receive payments.
Panamanian Bank Accounts
Panamanian bank accounts give financial access to politically and economically stable jurisdictions. That could be advantageous 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, banking services offer privacy and security. You can take advantage of Panamanian banking’s additional privacy and security to explore investment opportunities throughout the global economy.
Panamanian 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. 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.
Panamanian Service Providers
If you are interested in opening a Panamanian bank account or availing of other Panamanian banking services, the first thing that you have to do is to find a reliable service provider. There are two kinds of legal service providers — general and specialized providers. But what is a Panamanian service provider?
Panamanian service providers are Panamanian companies that help you incorporate and register an offshore business. These providers would also take care of Panamanian company administrative work, thus making sure the company can maintain credibility and operation in the jurisdiction it’s registered in. In Panama, the legal services will provide you with a registered agent for your Panamanian company, follow up on review and renewal of the company’s rules, and liaise between you and the Panamanian government.
They may also provide optional services that you may choose to enhance the company’s functionality or privacy.
When choosing a Panamanian 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.
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