Panama has the largest shipping fleet in the world, greater than those of the US and China combined. The country literally owns one of the world’s most important marine trade routes, the Panama Canal, which connects the Pacific and Atlantic oceans and facilitates transit of 14,000 ships per year. So do you think the famous “Panama Papers” – which were really about the BVI, a British territory – will make more than a minor dent in Panama’s reputation as an international business hub? We don’t.
The Republic of Panama, the story goes, was created in Suite 1162 of the Waldorf Astoria Hotel in New York. From its beginnings, in the early twentieth century, Panama was created by Wall Street entrepreneurs as the perfect tax haven for the time. It was given a territorial tax system – meaning that companies doing business there who received their income from overseas were not required to pay tax, nor even file a tax return. This system continues to this day.
One of the reasons we like Panama is that it is a country of three million people, a major player in global import-export and banking. In Panama you can, with the help of Offshore Pro Group, easily create the substance demanded in today’s offshore business environment. A small office, employee, local business license, local tax number and bank account, and you are ready to trade worldwide.
More recently, Panama has carved out a niche in Private Interest Foundations: an excellent wealth management vehicle that can help you preserve your hard-won assets and pass them on securely and tax free to future generations.
Offshore Pro Group offers:
For further information on Offshore Pro Group services in Panama, please contact us today.
Have you ever thought of obtaining a second citizenship? Just in case. In case anything happens in your home country that forces you to leave… Or in case you simply want to change your domicile and live somewhere else… Acquiring a citizenship and a second passport in Panama […]Read more
Countries with a high level of social security are also known for the high taxes they charge. There are places in the world, however, where the living standards are almost as high as they are in Western Europe of North America while the tax burden is lighter Read more
Panama visa programs providing for residence permit in the country are very popular with the citizens of many different states. Lax immigration requirements, the economic progress that Panama has been showing over the last few decades, warm climate, good business perspectives, and stable legal frameworks make the country […]Read more
Investing into real estate abroad is not only an effective method of assets diversification but also a way to acquire residence permit in a foreign country. We would like you to consider Panama as a second residence country because this jurisdiction will open wide perspectives to you.
If you are seriously thinking of changing the country of your residence and you have not decided yet where to move to, look no further and opt for Panama! This nation has created clear and simple rules of obtaining residency by foreign citizens and […]Read more
Establishing residence in Panama can mark the beginning of a new stage in your life. The “Economic Investor” immigration program allows citizens of all countries to move to Panama and live a life of ease in a country with a perfect climate and safe business environment.
Panama is […]
When you retire and do not have to go to work anymore, you may start thinking: “What do I do now?” Some pensioners go travelling around the globe while others look for a tranquil yet entertaining place to spend their golden years. If you belong to the second […]Read more
Panama has been making every effort over the last fifteen or so years to attract foreign investments in the country. Its recent past marked with drug production and trafficking, civil riots, poverty, and high levels of criminal activity is gone and almost forgotten now. Since the 1980s, this […]Read more
Automatic exchange of taxpayer information between countries may entail some financial risks and additional tax burden. However, not every country is a member of the CRS (Common Reporting Standards) group, and changing your tax residence can be a serious matter to consider. One of the most effective solutions […]Read more
Panama’s migration programs giving foreigners the right for residence in this country serve as healthy alternatives to European “Citizenship in Exchange for Investment” programs. One of the Panama visa programs allows acquiring residence there via investment into business.
Panamanian residency as a guarantee of economic and […]
The development of Panama City is often compared with the progress of Singapore 35 years ago. This is not a surprise as the whole world is amazed by its economic success, and growth within construction, real estate and financial sector. Panama is a true leader in Latin America […]Read more
If you are looking to change your residence, Panama would be a very good choice. In Panama, you can acquire residence with minimal effort. Businesspersons and investors are more than welcome to become residents of Panama.
Panama offers a unique territorial taxation system. The main advantage of the […]