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How Panama Protects Privacy and Ensures Stability Print E-mail

There are a number of reasons why to invest in Panama. They offer superior privacy, stability and a safe place to invest.

Serious Banking Controls and Regulations to protect your money
Panama takes bank licensing seriously. While other offshore banking countries fail to ever establish a solid foundation for this important part of the business, Panama has a clear system in place. There are two types of banks in most offshore jurisdictions. Ones that can handle resident business and ones that handle offshore business. See how unattractive it is already that they keep the two types separate? This double standard is a clear admission that these offshore jurisdictions are not safe because they are either unable or unwilling to properly regulated the banks.  Did you know that Belize, for example, had to take action when they discovered that their offshore banks had loaned out 98% of the money they were holding?  In Panama, all banks are licensed and open for business to both residents and offshore accounts. How nice is that comparatively? You don’t want to put your money in a bank with a weak, offshore only license and certainly not in one with no license at all. Put your money in Panama’s banks and feel secure!

Bearer share corporations give you complete privacy.
Another important feature to Panama banks is that they allow bearer share corporations. This means that businesses where the principle owner is unknown can exist. This owner does not have to publicly state that he is the majority share holder and can keep his name out of the papers. Why does this matter? It is easier to transfer ownership and just easier in general when your money is not known by the general public. This is something that is unheard of in most governments. They want to know, and need to know, every move that is made with regards to corporations and demand that this knowledge be made in public. Why deal with the hassle? Do business in Panama and forget about limitations on privacy!

One way your identity can be discovered in other offshore jurisdictions without bearer share corporations
So why is this privacy important? Recall that one of the most important features to offshore banking is privacy. If say your information is not private, regarding your corporation, and someone sends you money through a wire, your earnings become visible to anyone snooping around.  In fact, anyone with access to a database of who owns what company can find out who the money was being wired to. Not very private, is it? Stick with Panama and use bearer share corporations to their full advantage.

Panama is stable
Outside of privacy and security, you need to have stability in the bank you choose. Panama is a democracy that protects their bank in a desire to keep their workforce on the job. They have no desire to change their legal system or banking system and will protect it with any means necessary. They are also not in danger of attack from any other country. Because the Panama Canal is such a useful resource to many countries, including worldwide powers such as the United States and China, it does not make sense for these countries to allow it to go unprotected. Any enemy foolish enough to attempt a coup of Panama or invasion will be taken out by these powers through treaties. Don’t get caught up in a situation where your money is compromised by powers you cannot control and you lose everything you own. Panama is the obvious choice in terms of stability and peace of mind.

Finally, Panama does not report income of residents of the EU (or any other country). They believe in privacy on all fronts and will not compromise it. You don’t need to give them your tax information from your home state to open an account.

So why not invest in Panama? If you think of a reason, let us know!

 
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