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