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August 04, 2010, 06:04:51 PM |
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Panama Anonymous Bearer Share Corporations
Panama Bearer Share Corporation Advantages:
Panama is the only place in the world where you can form a truly anonymous bearer share corporation. Under Panama law a bearer share corporation can be formed that is owned by the possessor of the physical certificates of stock with no recorded owner on record anywhere. The government of Panama does not even know who the owner of the offshore corporation is. Shares for a Panama Corporation do not have to have the owners name on them and they do not have to be kept in Panama. The books and records do not have to be kept in Panama either. If the offshore corporation is Panamanian, banks in Panama, has a resident address in Panama yet has offshore derived income it pays no Panama taxes and does not even need to file a Panama tax return. This is a true bearer share corporation.
They have mostly been eliminated in the world since 9-11. When sending and receiving wires from a Panama Bank Account under the Panama Corporation name no one monitoring the wires can tell who the owners of the corporation are. It is just like the old Swiss numbered bank accounts that are long gone except a corporation name is used instead of a number. Panama has 400,000 corporations registered for a reason – it is the best jurisdiction. Each offshore corporation pays $300 a year in tax (that is it for taxes by the way assuming your money is offshore derived), which totals $120,000,000 and this is for a country with 2.9 million people. The Panama Canal only nets Panama about $335,000,000 and requires 9,000 employees. How many people are required to run a corporate filing dept., maybe 200? Panama is a country very unlikely to violate corporate privacy, which is why all these corporations are here.
No Corporation Ownership Registry in Panama
The lawyer in Panama may only have knowledge of the person who formed the company but not knowledge of others he or she may have transferred the corporation to since formation. Such transfers need not be reported and the new owner(s) need not be on file anywhere they just need to have the shares of the corporation physically. The transfer process could be completed in minutes if not seconds. The new owner(s) may reside outside of Panama, the new owners could be an offshore corporation, foundation or be a trust in another country, etc. making any trails extremely difficult, time consuming, expensive and in general for most people not feasible to follow especially when you consider that no one really knows how many times the ownership may have been transferred. There is no ownership database for anyone to snoop into, period. Thus the possibility of a fishing expedition is non-existent.
Remember Panama has no tax treaties of any sort with any country and this is where fishing expeditions come from. The nominee Directors we provide can be appointed and thus are not owners and their names are recorded publicly. We provide the three required directors for you complete with signed undated letters of resignation and they do not know who you are. You can effectively transfer the stock certificates privately with no record of the sale appearing anywhere. The new owner can replace the directors with his own directors at will. We can provide a blank bill of sale for the corporation signed by the nominee directors as an optional extra service, see our price list. If you do not wish to have nominee directors on your corporation we can use three different anonymous Panama Bearer Share Corporations instead of nominee directors which makes for a more confusing harder to follow trail but it can be so hard to follow the banks will not let you open an account because the due diligence would be too difficult.
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