Offshore Banking Services | Panama Corporation | Belize Company

These days everyone whether businessmen, entrepreneurs and individuals have heard about Offshore Banking but they are not aware about the benefits, the legal implications and even what exactly it is. Only by getting a better understanding of what Offshore Banking is businessmen or entrepreneurs can have the idea whether it is relevant to their companies and to what extent it can benefit them. Now the question rises here what exactly it is. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction that provides financial and legal advantages. These advantages typically include greater privacy, low or no taxation, no restrictions on nationality, no requirements to disclose ownership, easy access to deposits, and protection against local political or financial instability.

Offshore Banking Services includes administration of bank accounts, drafting and preparation of Trusts, formation and administration of Panama foundations, safe custody of Documents and Securities, corporate administration services which include formation of offshore corporations, administration of corporate entities, fax & e-mail forwarding. Apart from this offshore banking services provide legal services which include coordination of full legal and corporate law services, contract drafting and notarization services.

Private foundations are legal entities set up by an individual, a family or a group of individuals, for a purpose such as philanthropy. Offshore Private Foundations has its origin from Liechtenstein Persons and Company Act. Offshore Private Foundations are perfect source for the asset protection which is used by the clients who needs to transfer their asset to a third juridical person in order to protect their assets from lawsuits, divorces, garnishments and tax deduction. Offshore Private Foundations are known for their confidentiality and beneficiaries are not being disclosed in any public document. These Foundations are exempted from tax in Panama whether it is income tax, real estate tax, wealth tax, sales and transfer tax. The uses of various Offshore Private Foundations are to support Family, tax purposes, protection and management of assets, educational purposes and charitable purposes, for the purpose of serving as guarantee or collateral, for the management of insurance.

Panama is a rapid growing economy and international business centre. It is the fourth largest economy in the Central America. The various factors like geographic, political and legal make Panama a dream destination for entrepreneurs.
Panama Corporation is a group of businesses engaged in various services like Offshore Incorporation Services, creating Private Interest Foundation, Yacht & Ship registration. Apart from this Panama Corporation offers other services like Immigration, Relocation and Property management. Panama Corporation has got lot of offshore companies under its belt and registered its presence in almost every sector i.e. Investment & Finance, Real Estate Holding, Trading Corporation, Venture Capital Corporation, Intellectual Property, Licensing or Franchising Corporation, Plant Rental, Shipping Corporation, Personal Services Corporation and Employment Corporation.

Belize (formerly British Honduras) is a scenically beautiful, independent country located on the Caribbean seaboard of Central America. It has an area of approximately 23,026 sq. km, and is bounded by Mexico to the north and Guatemala to the west and south. The administrative capital is Belmopan, but the major commercial centre is Belize City, which is located on the eastern coast close to the major international airport.

Companies needing the services of international incorporation may want to consider the nation of Belize. Belize company have a number of distinct advantages for corporations. First, the country has streamlined the incorporation process so that it is quick and efficient, making it attractive to busy business owners. The country made these changes in 1990 when their legislature passed a law to make it easier for people in other nations to start Belize companies.