Panama booms...

Welcome to Panama, the “Singapore of Latin America,” where real GNP growth is 6% to 9% annually.

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One major reason for Panama’s role as a global trading and financial center is its location between two oceans and two continents. The recent passage of the U.S.-Panama Free Trade Agreement will only deepen its growing financial and trade role by tying the two continents more closely together.

And though Switzerland often comes to mind when we think of safe havens and offshore banking centers, Panama is another great option just a short flight from America. The result is an economy that has grown at an 8% clip over the past five years.

The Republic of Panama is booming not just because of lucky geography and a smart free market but also because investment-friendly policies have sharpened its advantages...

• Panama’s currency is the Balboa, which is pegged to the U.S. dollar, making investing in the country easy. But if something happens to the U.S. Dollar, Panama can (and will) switch to the Balboa overnight.
• Banking and communication services are world-class. Banks must by law maintain a reserve ratio of min. 30%
• Panama has launched a five-year, $13.6 billion investment plan, focusing on schools, hospitals, sewerage, roads, and metro transit systems.
• Panama’s import tariffs are among the lowest in Latin America, and the country has received foreign direct investment worth nearly 9% of GDP.
• Panama is a well-regarded tax haven, and its 130 banks offer a high degree of privacy. Panama is not on the list of 51 countries that agreed to automatically exchange information starting in 2016.
• There is no tax on interest earned from bank accounts for locals or foreigners.
• There are no corporate or personal taxes on offshore activity.
• Residents pay no local taxes on foreign-earned income.
• In Panama, any legal resident may buy and own property. Retirees don’t have to pay property taxes until they sell their homes. On new homes, there is a 20-year tax holiday.
• Many multinationals are moving their HQ to Panama. Disney recently bought a consistent number of acres on the Pacific Coast.

Your second Permanent Residence in Panama (click on the picture to open the file and scroll down the PDF file)

Click here for Panama and your second passport: we have a solution for small and larger budgets!

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Building Panama

A construction boom is also changing Panama City's landscape. Dozens of office towers are going up, including the Trump Ocean Club and Latin America’s first Waldorf-Astoria: the Panamera. Oh, I almost forgot to mention the Panama Canal's doubled capacity.

The Panama Canal’s annual revenues have grown to over $2 billion (7.5% of GDP). Traffic and revenue were up about 25% in 2013, producing a ripple of growth in related businesses such as insurance, ship maintenance and repair, trade finance, and banking. The canal and Panama’s business-friendly regulations have expanded major offshore insurance, finance, and legal industries. The free-trade zone in Colón on the Atlantic end of the canal and Balboa, Panama’s Pacific-side trade gateway, have recently become Latin America’s two busiest ports.

Last but not least, Panama is not among the 51 countries where the 2016 automatic bank-fiscal exchange will be implemented. A random walk through the list shows the times of Andorra, Liechtenstein, Switzerland, Gibraltar, Luxembourg, Curaçao, Singapore, Moldavia, Belize, ... are over

51 countries where, in Anno 2016, the automatic fiscal information exchange will be implemented.
This doesn't apply to Permanent Panama Residents.

Ten benefits of a Panama corporation & don't forget that the day comes you will have to sell your physical gold in a hostile environment

A Panama corporation is the ideal legal entity to conduct business in Panama and abroad. Here are ten benefits a Panama corporation offers:

1. Asset Protection: A Panama corporation provides complete asset protection where one or more corporations can serve as a holding for one's assets. "Asset protection" refers to the ability to shift ownership of valuable property to anonymous legal entities while allowing the original owner to maintain control. "Valuable properties" refers to real estate, bank accounts, securities, jewelry, precious metals, vehicles, and other valuable physical objects.
2. No Taxes: Panama is a "tax haven" where the government does not tax profits earned outside Panama. Panama is doing extremely well thanks to the idiot leaders in Venezuela, Argentina, the USA, Canada, and Europe, which are taxing their citizens to death in an ultimate effort to survive. Even after 2018, it doesn't plan to play this vicious banking and fiscal exchange game.
3. Estate Planning: One can avoid expensive, time-consuming Probate by placing ownership of all assets in one or more Panama corporations. A Panama Private Interest Foundation may serve as a holding entity for shares of one or more Panama corporations, eliminating the need for a living will, as the Foundation's appointed beneficiaries take over control of its assets upon the death of its Protector.
4. Lawsuit Protection: Panama corporations owning all assets provide Lawsuit Protection. No one wants to spend time and money suing someone who owns nothing. Lawyers call is being "judgment-proof."
5. Anonymous Ownership: Panama laws allow for total secrecy and privacy regarding ownership of their corporations and foundations.
6. No Business Licenses: A Panama Corporation can conduct business exclusively outside of Panama without needing a business license in Panama. Many Panama corporations sell products and services online worldwide, for example, trading goods between countries.
7. Inexpensive: Setting up a Panama corporation involves low government annual renewal fees and taxes. Lawyer's fees are affordable and plain cheap compared to what is charged in North America and Europe.
8. Convenient: Some law firms offer "shelf" corporations, or you can take over a corporation founded, for example, in 1999. We can set up a new corporation in as little as two weeks, and we can set them up for foreigners without having to visit Panama.
9. Communication: in English, Dutch, French, German, or Spanish, and all important documentation is translated into English.
10. One contact does it all: no need to talk to several lawyers and/or bankers out of different countries. International legal and banking matters require the expertise of somebody with international experience in these fields. And this is exactly what you get.

A Panama foundation (see other articles on the site) 

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