There is a reason why the Republic of Panama is today regarded as one of the most business-friendly countries in the world. While the strong economic growth of the country along with investor friendly policies being followed by the government are all reasons enough, there is something far more attractive being offered in the Republic of Panama.

Many foreign investors and business people are looking at the Republic of Panama as they realize the enormous advantages of setting up an offshore bank account and also how easy it is to set one up. If you have considered opening an offshore banking account but are not sure which offshore jurisdiction offers you the most benefits, we welcome you to read about the top ten benefits that Panama offshore bank accounts offer.

With advancing technology, not too many things in our lives are remaining private any more and one of the main areas where our privacy is invaded on a regular basis is financial matters. This is why when you consistently keep hearing about the strong banking secrecy laws of the Republic of Panama, you wonder what makes them so different and how they compare with other offshore jurisdictions.In terms of the strength of the banking secrecy laws, the long tradition of enforcing these laws and the consistent as well as stringent manner in which these laws are enforced, the Republic of Panama is way ahead of many other offshore jurisdictions.

PMC Group Panama has over twenty-five years of experience in both Corporate and Individual Law. It has earned a reputation as a trusted advisor to many companies and individuals wanting to know more about setting up Corporations, Private Banking and many other offshore services. PMC Group Panama is now enabling its esteemed clients to benefit from its offshore services by offering the Offshore Corporation & Private Interest Foundation package.

With Uruguay facing uproar within the country for new taxation laws and the country already under pressure for more transparency in its banking and tax laws, the Republic of Panama continues to move ahead as the leading offshore destination.The Republic of Panama continues on its path of economic growth, attracting investors from the world over by offering attractive tax policies and strict banking privacy laws.

Panama offers stringent privacy laws and a true tax-free regime making it the most attractive destination for offshore banking and private interest foundations. You can consult any of us at the PMC Group Panama to know more about how we can help you protect your assets.

Of late offshore banking is slowly becoming a preferred choice for many international investors and Panama offers them myriad opportunities to explore.

Panama has one of the most successful international banking centers in the world. The International Banking Center (IBC) of Panama has 90 banks – of these 43 have a general license, 32 have an international license and 7 have a representation license. The banking sector employs around thousands of people and contributes about 8% to Panama’s GDP.

Written by: Ernesto Chong Coronado
For: America Economia
As an important international service center, Panama has shown its ability to offer a wide range of benefits to individuals and corporations around the world.  However, the companies offering and promoting the advantages offered by our country as an international banking center, occasionally find themselves being the target of [...]