Panama Corporations & Foundations as Asset Protection Vehicles
Art Cablestein
Panama has fast become one of the most popular destinations for asset protection. Panama is noted for it's bullet proof corporation / foundation asset protection structures, US dollar based economy, iron clad banking secrecy laws and stable government.
Protecting your assets using Panama offshore asset protection structures enables a person to layer the structures such that the persons name never appears on any of the documentation for the foundation or corporation.
A Panama Corporation issues share certificates known as Anonymous bearer shares. Whoever possesses these share certificates physically is considered the owner of this corporation.
A offshore foundation formed in Panama cannot be owned by an individual and has no names associated with it when it is founded. While an offshore foundation in Panama can own assets, it cannot conduct business transactions.
So why use a foundation? A Panama foundation has the ability to own a corporation. Business transactions can be performed by the corporation with the foundation serving as asset protection for the corporation adding a layer of anonymity.
Panama foundations and corporations are backed by some of the strongest bank secrecy laws in the world which are strictly enforced.
The economy of Panama is the only one in Latin America which is tied to the US dollar making it particularly attractive for business men who utilize this currency in their transactions.
Panama's government has no tax treaties or Mutual Legal Assistance Treaties (MLAT) with any other countries at all! This means there are no exchange controls and Panama is a strong haven for offshore banking. Panama's legal and political structures are sound and can boast long-term stability.
Get more information about asset protection strategies and
http://www.offshorelegal.org/bearer-share-corporation.html panama offshore corporations &
http://www.offshorelegal.org/foundations.html panama offshore foundations at OffshoreLegal.org. This and other
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