Panama Attorneys and Asset Protection Specialists

Think of a Panama attorney as an asset protection specialist. Panama specializes in privacy of assets and asset protection. A Panama attorney as an asset protection specialist can explain Panama’s banking laws and the structures of Panama Foundations and Bearer Share Corporations favor asset privacy and protection. This combination of factors allows you to avoid being the target of fishing expeditions in frivolous law suits looking for “deep pockets.” Consider talking to an asset protection specialist, namely an attorney, in Panama.

Panama Attorney and Asset Protection Vehicles

Use a Panama attorney or law firm as an asset protection specialist. Use your Panama attorney to set up a Panama bank account, a Panama bearer share corporation and a Panama private interest foundation. These vehicles provide great asset protection and attorney client privilege protects the identity of the individuals who set up and derive benefit from these legal structures of asset protection. Your attorney and asset protection specialist can explain how further asset protection is afforded by the fact that the law firm or attorney chooses the corporation directors complete with signed letters of resignation.

Panama Banking for Asset Protection

Setting up a bank account in Panama provides a level of privacy for your bank account not seen in other countries. An asset protection specialist in Panama will explain that Panama has no tax treaties with other countries. The privacy of a Panama bank account makes fishing expeditions from your home country very difficult as assets in a Panama bank account are very hard if not impossible to discover.

Panama Bearer Share Corporation, Panama Attorney Specialist and Asset Protection

Why a Panama bearer share corporation? For those who prefer to hold their wealth in anonymity have a Panama attorney acting as your asset protection specialist set up a Panama bearer share corporation. This may be one of the world’s best vehicles for asset protection. Such a 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 is anonymous as Panama has no banking treaties with other countries and for asset protection the bank account will show the Panama bearer share corporation as the owner of the account and not you. Combining such a corporation with a Panama private interest foundation provides exceptional asset protection.

Your asset protection specialist will tell you that asset privacy and protection is enhanced as the Panama bearer share corporation your Panama attorney sets up has no recorded owner. The owner of a Panama bearer share corporation holds physical certificates of stock of the corporation. The Panamanian public registry has no record of the person’s name.

Panama Foundation, Panama Attorney and Asset Protection Specialist

A Panama attorney acting as your asset protection specialist can set up a Panama private interest foundation as a holding entity for asset protection and privacy. Overseas assets of a Panama foundation are not taxed in Panama. The only taxation related to a Panama foundation would be if the foundation owned a business operating in Panama. In that case the business would be taxed, not the foundation. The foundation could receive post-tax dollars from the business. Consider joining a foundation with a Panama bearer share corporation for increased asset protection.

A Panama foundation can own assets anywhere in the world. This includes real estate, companies, bank accounts, patents, personal assets such as airplanes, cars, etc., stocks and bonds, royalty rights, and collectibles such as coins and stamps as a partial list. The anonymity of the Panama Foundation provides excellent asset protection.

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