Have you ever considered saving money with an offshore strategy? Creating an International Business Corporation, or IBC, may be the answer you need. Creating an IBC in Panama is an ideal situation because they offer reliable banking strategies and have laws built into their constitution that protect businesses and their owners. Because of these advantages, Panama has gained a reputation of being one of the most secure offshore financial centers in the world. Here are just some of the advantages of opening an IBC in Panama.
Open one from anywhere
Many prospective IBC clients believe that they must move to the country to establish residency, but there is no requirement for that person to live in Panama. In addition, the directors and shareholders put in place on the IBC can also be residents of any country. In addition, conducting business outside of Panama does not require any additional licensing or operational notices.
Incorporation costs are low and done quickly
It is not expensive to create Panama offshore corporations and become an incorporated business. There is no need to deposit or pay registered capital on a schedule either. Compared to other jurisdictions of all sizes, Panam is competitive in almost every area. The whole process is done easily and quickly, typically done in four to five business days.
Manage from anywhere
Even though books are managed in Panama, it is easy to look over an accounting record. With the use of electronic devices, you have access to your account and books from anywhere.
The identities of individuals who open an IBC in Panama are kept private. If a person doesn’t even want their name listed on the business, that is acceptable. Even the shareholders listed on certificates or official contracts can keep their identities private too. Panama values privacy and has safeguards in place to protect it.
Funds are protected
One of the most common reasons for having an IBC is for the protection. Since the privacy on these accounts is so well guarded, offshore accounts in Panama are a safe place to keep money. Sometimes people deal with financial trouble during a divorce, business bankruptcy, or in the process of being sued. Many people refer to these accounts as an asset holding company. With funds safely kept in a Panama IBC, that money will not be touched.
Creating a Panama IBC is an easy process. With the lawyers at Mata & Pitti, our lawyers and staff have a lot of experience opening different types of accounts. If you want to open an account and are not sure if it is right for you, contact us. We would be happy to discuss your options with you and advise you on which account is best, just contact us. We are happy to answer any questions.