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 affairs.

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 here.

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.