Chinese and World Bank Dollars Boost Panamanian Growth

Panama is increasingly playing a dynamic role on the world stage.  This role was recently reinforced by disclosure that increased investment by private interests was increasingly finding support from foreign government and international banking interests.

In a bold move, The World Bank has approved a multi-year, $258 million dollar lending program that benefits both Panama and [...]

Panama Offshore Banks May Have International or Representational Licenses

An International banking license is granted and supervised by Panama’s Superintendency of Banking.It allows a bank to operate in Panama so long as its “affects” are elsewhere.

The law, as translated, states that this license, “allows the holder to direct, from an office in Panama, transactions that are perfected, completed or have their effects abroad, and [...]

Panama’s Banking Sector Largest in Latin America

Panama City’s skyline is dotted with towering high rise office buildings. These house operations for some of the world’s largest and most prestigious banks. Panama is home to the largest concentration of international banks in Latin America and still more financial interests are on the way.

One secret to Panama’s success in the banking sector has [...]

Panama Pressuring Switzerland For Best Banking Center Title

The world famous Banking District in Panama City is home to a long list of global banking’s most notable power players. As you scan the gleaming towers downtown you see signs from nations around the world. You’ll find the Bank of Boston, the Bank of Tokyo, the Bank of Brazil, and the Bank of Nova [...]

Panama’s Timing Is Right For U.S. Business

Even though Panama is a three hour flight from Miami, it is just an hour away in time zone. Many find it surprising that Central America actually lies in the Standard Time Zone, just an hour behind much of the southern and Eastern U.S.

A quick glimpse at a map illustrates why this is so.
The curvature [...]

It’s a Big World With Many Offshore Choices. Why Consider Panama?

It would be naive to imagine that the draconian tax laws adopted by many of the world’s larger countries would not create a global demand for alternatives. It follows that financial interests would seek more tax friendly jurisdictions than the one found at home.

Panama shines in this respect. It has become the second largest banking [...]

When it Comes to Asset Protection, There is Strength in Numbers

The old saying that something is a puzzle, wrapped in mystery, locked inside an enigma, describes the code makers handbook. The same principle applies when developing strategies for asset protection. If one layer of protection is good, then multiple layers must be better.

The trick to layering protections for your important assets is to keep the [...]

U.S Trade Pressures Fail to Compromise Panamanian Banking Sovereignty

Some 54 members of the U.S. House of representatives have prepared a petition stating their opposition to a pending free trade agreement between the the U.S. and Panama. This action has slowed, if not stopped, the progress of this important legislation through the House.

A quote from the petition outlines some of the agenda driving legislative [...]

Panama Corporations Offer Wealth Protection

William Penpatrick once noted, “The best way to protect your ownership of an asset is not to own it.” In today’s super litigious environment, these words have never been of greater value.

Corporations were originally conceived as a device for giving a business a life of its own, and in doing so allowing it to become [...]

Safe Estate Planning Begins in Panama

As any competent advisor will tell you, good estate planning begins with a good will. What you may not realize is that even in the presence of a good will, your heirs can be deprived of much of what you intended them to have by a process called “Probate

In the U.S., as little as $100,000 [...]