By owning a bearer share corporation in Panama, you will be subject to quite a few benefits. Some may be obvious and already known by you, but others may not be as easy to figure out. This article should help you make full use of your corporation.

To start out with, you should have an attorney, or someone else that you trust who knows what he or she is doing, act in your interests for the corporation. You can easily have them, not you, collect money and profits from your corporation for you. Remember that money is easily transferable through a discreet wire in Panama. Your attorney could also act in your interests when it comes to your assets. Think about it this way. You own an expensive boat and want to sell it, but you can’t let anyone know that you are getting proceeds from the sale. Have your attorney take the boat to an auction, or wherever it is sold, and sell it for you. He can then send you the money through the aforementioned wire. On the other hand, your attorney can just keep all your money and spend it in whatever ways you tell him. As long as you fully trust this person, and have some sort of legal document restricting him from acting outside your interests, it is a great way to use your corporation.

Another benefit is that corporations do not pay any taxes in Panama outside of a small three-hundred dollar yearly fee. This means that if your attorney does sell that boat under the corporation’s name as mentioned above, you won’t have to dish out any taxes from the proceeds of the sale to the Panama government. They make enough money as it is on allowing hundreds of thousands of corporations to operate in their country. This means that although you may be doing all of your business in Panama, you do not have to pay them for allowing you to do so. Now if you start selling goods to actual residents of Panama, that is a whole different story.

Another important aspect of owning a bearer share corporation is that there are no records anywhere of who owns the stock. There are shares that the owner holds to prove he owns the corporation, that is it. There is no database that says so and so owns this corporation. What are the benefits from this? Well for one, there is increased privacy and secrecy. For two, ownership is easily transferable. And three, none of your enemies can fish for your assets to try to find something to use against you.

There are a number of advantages offered by Panama to owning a corporation. They want you to do business down there and they will help you feel as comfortable as possible!