Panama has the largest number of registered vessels in the world, with more than 8,100 vessels, yachts, fishing boats, tankers and cargo ships registered under its flag. The weight of all the vessels registered in Panama is around 81 million tons, which account for almost 22% of the tonnage of all ships in the world.
In today’s political and economic climate, you may be aching to escape and find somewhere new to live. And you wouldn’t be alone in those thoughts! More people than ever are packing up and moving to new countries to experience different culture, food, and people. If you’ve ever thought about doing this, you might want
Panama is a great place for offshore businesses. Panama’s friendly business environment, strong economy and large workforce make it an ideal place for foreign companies to do business and base their operations. While the government has revised and laxed the rules and regulations for foreign off-shore businesses, there are still requirements and laws that every
You’ve just made it through the process of setting up a company or foundation in Panama. You’re excited to start business. What will happen to the money that you’ll make? How will you reinvest your profits into your Panamanian company or foundation? You’ll need to open a corporate bank account. Since your business has been
Are you happy with your company’s or foundation’s resident agent? Does he or she show incompetence concerning various business law topics or has a history of bad communication skills that have led to disastrous lawsuits filed against your company? The legalities concerning the proper functioning and responsibilities of an international company are even more complex.
The term offshore banking can cause a different reaction in different people, based on their experiences with the industry. For the Average Joe, offshore banking may seem shady and illegal, especially since it’s featured as such in plenty of movies and other pop culture mediums. To a person educated in the ways of finance, the
Understanding how a Panama Private Interest Foundation (PIF) works requires an understanding of the different roles that play a part in the setup and continual operation of the foundation. The largest difference between a PIF and another type of offshore company is that a private foundation is not allowed to engage directly in commercial activities.
Nothing is more relaxing than sailing (or motoring) into the sunset on your yacht or private boat. Whether you’re enjoying retirement or you’re enjoying a long vacation or free time on a business trip, boating can be a peaceful escape. Unfortunately, many countries have complicated rules, requirements and regulations to register a pleasure vessel. There
Panama continues to be one of the easiest countries to migrate to. It has a growing economy that is one of the highest in central and south America. The economy has also become relatively stable with the help of the government investing in job and business growth. Panama’s economic growth has caught the interest of