Incorporate Your Business Offshore in Panama
The list of countries and jurisdictions for offshore incorporation of a business is probably as long as a person's arm. There are jurisdictions in situated in Atlantic and Pacific settings as well as the Caribbean, so the choices can be plentiful. It's a matter or due diligence and research on your behalf that will determine where you decide to locate your offshore corporation.
The press has recently been focusing it's attention on one tiny country in Central America called Panama. Known the world over for it's famous Canal, Panama also happens to be one of the offshore company incorporation centers of the world. Panama has over 400,000 companies domiciled there with only Hong Kong having more active registrations than Panama.
One of the main reasons why Panama has seen a boom in company incorporations is that Panama offers one of the most private company registrations in the world. Companies in Panama can be incorporated using bearer shares and nominee directors. The actual person who controls the company is not written down in any public registries. This makes figuring out the real owner rather difficult. Ownership of these corporations can be transferred by simply handing the shares to another person.
Panama bearer share corporations are also known as S.A. corporations which means "Sociedad Anonima" or "Anonymous Society". As the name implies strict privacy is the goal when incorporating a company offshore in Panama and they know how to attract business using these popular financial instruments.
Without ever revealing ownership, incorporating your offshore company in Panama is now easier than ever according to the various websites promoting the jurisdiction. And unlike some offshore jurisdictions, you can even own bank accounts, stock trading accounts, and real estate with your Panamanian corporation. There are additional financial strategies available as well, and an attorney can be employed in order to perform certain corporate functions. Panama allows strong privileged communication between attorney and client, and of course, it's all protected by strong confidentiality.
Your name will be completely secret since the article of incorporation is the only document that will make it's way to the Panama public registry. On this article of incorporation only the nominee directors names will appear not yours! If you get a bank account for your offshore company you will need to sign some documents with the bank but these documents are covered by strict banking secrecy laws punishable by prison time. If your name were ever leaked, other than for a major criminal offense, the person who leaked your name would face a trial and prison time for leaking the information.
The fee for a corporation in Panama is $300 the first year, then the second year, the annual fee is $695 per year and from then on. But the $695 includes the government fee of $300. The $695 is actually a good price when you compare that to the $1,000 to $1,500 that the attorneys charge when they're involved in the equation. And that is another plus with incorporating your offshore company in Panama --- the price is right.
Article Source: http://www.search-raven.com
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