Well, who needs an offshore
company or an offshore structure and bank account anyway?
The answer is, practically
anybody with a high net worth, anyone with assets that may
be attached in a potential lawsuit (doctors and other professionals),
those wishing to invest without having a tax penalty on the
returns, those who wish to run their business under a less
restrictive legislation and those who would just like to retain
a little plain old privacy, for whatever reason, in their
In the Republic of Panama ,
legislation has been created in the form of Law N° 32
of 1927 to provide a vehicle for all of the above plus many
more reasons. The uses of a Panamanian corporation are limited
only by your imagination, and new ideas surface every day.
The Republic of Panama, the largest financial center in Latin
America, is at pains to preserve your privacy and, at the
same time, the integrity of the financial services industry
With over 140 licensed banks
and trust companies, all rigorously audited by the Superintendence
of Banks and Finance, and with strict enforcement of money
laundering regulations, this is one of the largest industries
in the country and thus firmly backed in all respects by the
Government. Panama has no tax treaties with any other nation
and has no interest in acceding to requests by other nations
to do so.
There is, however, strict enforcement
of the laws relating to criminal matters and the laundering
of illegal funds. In other words, if you can't explain how
you got the money, please take it elsewhere!
But for all you law-abiding
people, Panama offers perhaps the best-regulated tax haven
in the world today, where you can invest with complete confidence
in both the financial structure and the government-imposed
secrecy laws. We look forward to seeing you here.