Legal Advisory Services

Offshore Corporation

IBC is an International Business Company also known as offshore company or offshore corporation, is a corporation of limited liability that has been formed outside your country of residence.

Due to the many advantages and characteristics, Panama is one of the leading jurisdictions for setting up an Offshore Corporation. The Panama IBC is an International Operating Company which is accepted in the worldwide banking community as a proven structure to carry on financial business interests.

Advantages:

Panama offers some of the strictest banking and financial secrecy laws available in the world. Proper use of these laws can provide legal protection of assets and identity. Panama is the ideal jurisdiction for international investors and businessmen to operate an offshore corporation.

It is not necessary to have a paid in capital.

There are no currency restrictions in Panama; the US dollar is the circulating medium.

Taxation is based on the territorial source principle; therefore incomes of operations performed abroad are not taxable under our laws.

It is not necessary for the interested parties to be present for the purpose of organizing a corporation.

Trust

The foreign (Offshore) trust combines the powerful asset protection advantages of an irrevocable trust with the favorable laws of an overseas country. The settler (the one who creates a trust) conveys assets into the trust and designates the trustee (the one who manages the trust) and beneficiaries (the ones who benefit from the trust).

A Trust is one of the most practical and effective mechanisms under Panamanian Law  that you can use for asset protection and estate planning.

Panama Private Interest Foundation

The Panama Private Interest Foundations are used by people who wish to control and maintain ownership of foreign corporations; however, they do no wish to own their corporations directly due to the controlled Foreign Corporation rules in their home countries.

Instead of holding the corporation’s shares in their personal name or in bearer form,  they can establish a Private Interest Foundation in Panama that holds or owns the shares of their foreign corporation. The objective is to remove ownership from their personal name, to the name of a foreign entity whose ownership is anonymous.