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Asset Protection in Panama

Asset protection is an integral part of any business and corporation. It enables creditors off your back while letting you have complete control of your assets. There are various techniques that you can use with good structures.

Panama has been recognized not just by its pristine beaches but also by its capabilities in wealth management. Many businessmen flock to this country as a popular platform for offshore business. It also has competent structures for asset protection that will further help investments. There are many options in protecting your assets:

Bearer Share Corporations: Owner of the stock certificates is given ownership of the assets. The owner’s anonymity is preserved through blank stock certificates that can be stored anywhere in the world. The client has the choice of disclosing his or her name on the stock certificates. With the country’s attorney-client privileges, release of any information about the owner can only be done through a court order.

Panama Private Interest Foundation: This can be used as a suitable structure in protecting your assets. Foundations have no owners which makes them anonymous. This gives the client the opportunity to either become a protector or a beneficiary. They can own bearer share corporations and eliminate ownership from the client who is forming the structure to protect his assets. The corporation can hire an individual to manage investments. The client can get compensated without being liable for ownership and stay anonymous at the same time.

Tax Treaty: When a tax treaty exists, the government can check for compliance through a fishing expedition. You are required to turn over information to another country which has a tax treaty with the jurisdiction you are operating in. This destroys confidentiality and provides vulnerability. This country has no tax treaties with other countries.

If you’re looking for a country which provides a strong structure for protecting your assets, this paradise island can provide not just beautiful beaches but also great opportunities for wealth management.

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