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Top 3 Offshore Corporation Jurisdictions (Panama/Swiss/Bahamas) |
By:
Doug Fragostine |
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Top 3 Offshore Corporation Jurisdictions (Panama/Swiss/Bahamas)
Doug Fragostine
Offshore jurisdictions are not created equally. There was a time when the Bahamas was a serious offshore country. Unfortunately, due to pressures from abroad (ok the united states :-) , the Bahamas sabotaged their banking privacy laws, making them largely ineffective for any serious offshore player.
Switzerland was once the star of the offshore banking world. After years of degradation and pressure from onshore countries. The once, high and mighty, offshore kingpin has fallen. The Swiss still claim to be an offshore privacy provider, for banking, but reality is that they turn their records over to the first government agency knocking at their door.
Most industry analysts now agree that Panama is the country of choice when making an offshore banking and asset protection plan. Government stability combined with strong privacy laws that are enforced in practice, give peace of mind to those choosing Panama.
What many people fail to realize is the power of the Panama anonymous bearer share corporation. This company has its share certificates issued in bearer share form. When a corporation with bearer shares opens a bank account, it is essentially bullet proof. The ownership of the corporation can only be established by physically locating the shares. The assets (and funds in the bank account) can be have ownership changed just by physically handing these shares to the new owner. Let the reader note that no record of this transfer is needed !
This author feels bearer share denominated corporations are better than numbered bank accounts because numbered accounts are obviously hiding something and draw attention in a wire system. Whereas, if you cable money to a bearer share corporation, the wire looks completely legitimate listing the corporate name as the beneficiary.
Doug is an author and offshore banking professional for http://www.offshorelegal.org/ Offshore Legal. For additional http://www.offshorelegal.org/bearer-share-corporation.html offshore corporation guidance go to Offshore Legal's website. This and other http://www.uberarticles.com/?id=15763&b=79 unique content 'offshore banking' articles are available with free reprint rights.
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Article Source: http://www.statssheet.com/articles/article61762.html |
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