One clear advantage to owning a corporation in Panama presents itself almost immediately. Unlike almost any other part of the world, you can own a bearer share corporation. What does this mean? For those who don’t already know, a bearer share corporation allows someone to own a corporation without actually acknowledging owning it. Lets think about this for a second. In another country like the United States, owners of corporations are public knowledge. Thus it is also easy to see that it is public knowledge of who owns what assets. In Panama, no one knows who owns what and this presents a great plus for secrecy.

Forming a corporation isn’t all that difficult. Find a law firm that you trust. Use a law firm. Remember that all clients / attorneys have the right to privacy (attorney client privilege) with their clients and this privacy even holds up in American, EU, Canadian and Australian courts. There are hundreds of thousands of corporations based in Panama already! This isn’t a new concept, just a nice loophole that not enough people know about.

Why would Panama allow this? Think about it. Hundreds of thousands of corporations pay a few hundred dollars each to keep their corporate license up to date. From each individual corporation’s view, the couple hundred dollars is no big deal, it is spare change. For Panama, this results in revenue of hundreds of millions of dollars. Its a revenue stream that a struggling Central American country can't afford to loose? Why would Panama officials want to compromise the secrecy of your corporation, when your business is helping the Panama grow.

Your privacy is ensured by the fact that there are no public registries in Panama. This means that they don’t record when ownership is changed, something that can happen frequently with bearer share corporations. This means that even if you don’t trust the lawyer who helped you build your corporation, you can still easily be safe. Just transfer ownership. It takes a matter of minutes, if not faster, to do and is not recorded anywhere. Not a single place files whether or not you have transferred ownership! This means that no one looking to take away your money can find information on what corporations you own easily. This also means that no one can go out looking for wrongdoers in a witch hunt to make themselves some easy money.

Even better is the fact that Panama often appoints directors for you to use. You can use these directors, who do not know you, to maintain your corporation and provide a private front. These directors can always be changed. And if you don’t want directors as your obstacle course, feel free to just make more than one corporation. How hard will it be to track your income if you split it up four or five ways instead of one?

There are many advantages to creating a corporation in Panama to hold your assets offshore. You get the maximum privacy for a minimum liability, what could be better?