Anonymous offshore corporations & the bearer share

Panama Corporations are known world wide for being the most anonymous corporations in the world.

Wednesday, April 30, 2008

There are many advantages to incorporating your offshore company in Panama. The company has strict privacy laws, easily accessible banks, they don’t recognize tax evasion as a crime or participate in any tax treaties and a corporation can be set up within a matter of days.

More on this topic

Panama Faces Up to the Panama Papers Crisis

April 2016

The Panamanian government has announced its willingness to review current practices in the legal and financial system and collaborate with other governments in legal proceedings over financial and tax offenses.

Following the massive leak of financial information from a Panamanian law firm, the Government announced that it is evaluating the practices relating to its financial system and that it will collaborate with other jurisdictions to investigate citizens suspected of criminal activities, including tax evasion. The announcement was made by President Juan Carlos Varela.

Who Doesn't Need an Offshore Account?

April 2016

Legal tax engineering is a mandatory business practice for anyone who wants to be competitive in today's globalized world, and only those who are not entrepreneurs can afford to refuse to acknowledge this fact.

EDITORIAL

With the same firmness that we criticize businesspeople who evade taxes or bribe officials to get a contract, we must defend every business practice which is framed within the law to pursue the best use of available resources to generate wealth through the production of goods and services, which is what businesses do.

The Bearer Shares System in Panama

November 2013

A correction to the Act 47 of 2013 enables corporations to continue to issue bearer shares.

By Alvaro Aguilar, partner at Lombardi Aguilar Group

The Government of Panama has issued a correction of Act 47 of 2013 so that corporations can continue to issue bearer shares.

Tax Shields to Protect Identity of Shareholders

January 2013

In Guatemala "there are still ways to start a business with due secrecy for its owners."

Specialists in corporate and tax law in Guatemala say the Forfeiture Act, Decree 55-2010, leaves the gate open for owners of shares of companies to withhold their identity.

Alvaro Castellanos Howell, a lawyer at the law office Consortium, cited as an example the establishment of a company in countries "where bearer shares are allowed, and then an investment is made in Guatemala with shares, buying moveable goods as an off-shore entity".

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