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Why a Panama bearer share offshore corporation? For those who prefer to hold their wealth in anonymity a Panama bearer share offshore corporation may be one of the world's best vehicles. Such a offshore corporation can do business, hold assets, buy and sell assets, and do all of this in privacy. Any income derived off shore from Panama is not taxed in Panama. Any banking done in Panama in anonymous as Panama has no banking treaties with other countries and the bank account will show the Panama bearer share offshore corporation as the owner of the account and not you. Combining such a offshore corporation with a Panama private interest foundation provides exceptional wealth protection.

A Panama bearer share offshore corporation has no recorded owner. The owner of a Panama bearer share offshore corporation holds physical certificates of stock of the offshore corporation. The Panamanian public registry has no record of the person's name.

The certificates for a Panama bearer share offshore corporation do not need to be kept in Panama nor do any records of the offshore corporation need to be kept in Panama. So long as the Panama bearer share offshore corporation derives none of its income from business in Panama it need not pay taxes in Panama or even file tax papers in Panama.

After formation of the offshore corporation the Panama bearer share offshore corporation stock certificates can be transferred to another owner without the original lawyer being involved. This is an alternative to use of a trust or will for passing on assets to your heirs.

This vehicle has to do primarily with protection and privacy of assets foreign to Panama. It also provides a degree of anonymity in banking in Panama. A Panama bearer share offshore corporation does not help with immigration into Panama or improve investments in Panama outside of anonymity. For investment advice or advice on a good immigration lawyer contact ABPanama.

Tax Treaties

Panama has no tax treaties with any other country.

Corporate Directors

The lawyer who sets up the Panama bearer share offshore corporation can provide three directors of the offshore corporation who will not know who holds the stock certificates. Also, commonly, the law firm provides signed letters of resignation of the directors should the owner choose to change directors.

Sale of Offshore Corporation

The sale of a Panama bearer share offshore corporation involves handing over the shares of stock to another person. There is no recording of the sale, no recording of ownership.

Inheritance

The use of a Panama bearer share offshore corporation to hold title to property in Panama allows easy transfer at time of death. If your shares are with your family attorney or in a safety deposit box and your loved ones have access they can simply take possession of the shares. Otherwise dealing with property transfer in a foreign country might be slow and difficult for your heirs. An investment of about $1200 to set up a Panama bearer share offshore corporation could avoid a number of problems for your heirs.

Note: You probably do not want to own your home by this means if you wish to use your home as the investment that allows you to have a "person of means" visa.

Summary

A Panama bearer share offshore corporation can be an effective tool to avoid probate, protect assets from malicious law suits, and provide for private control of your assets. Seek the advice of a competent Panama attorney in this matter. If you need a referral please feel free to consult ABPanama