Panama Offshore Legal Law Firm, 1 July 2008 ( Pressreleasespider )
Panama Offshore Legal is a law firm in the Republic of Panama which specializes in providing asset protection services to select clientele worldwide. These services include Panama company and foundation formations as well as all associated offshore banking services needed to set up these structures.
Panama Offshore Legal was the first Panama law firm to provide clients with access to an online company name search tool which connects and searches the Government of Panamas company registry in real time. Clients no longer need to wait days to find out if their company name is registered since this search tool is available for free on the Offshore Legal company website and can be accessed by any computer with an internet connection worldwide.
On the heels of this successful search tool launch Panama Offshore Legal has been busy securing partnerships in other offshore jurisdictions for the purposes of expanding its product database. To that end the company has secured partnerships in an additional two offshore destinations to offer clients multi-jurisdiction, layered asset protection structures.
Two new packages have been created that offer both single layered and double layered asset protection. The single layered asset protection plan includes registration of a Panama corporation and bank account with trusts set up in two additional jurisdictions to own the Panama corporation.
The double layered package includes a Panama company owned by a Panama foundation, Panama bank accounts for each entity with trusts set up in two additional jurisdictions to own the Panama foundation.
The multi-jurisdiction approach to asset protection provides clients with an early warning system when their assets are being attacked. Combined with Panamas rock solid banking secrecy laws and ability to incorporate companies in bearer share form the client will retain total control and ownership over these entities virtually anonymously.
Clients will have access to banks in Panama with equivalent services that can be found in typical western banking institutions including; online banking, international wire transfers, debit cards and multi-currency accounts (USD, Euro).
Penetrating the two trust, foundation owning a corporation structure in addition to penetrating Panamas banking secrecy laws is extremely difficult and expensive for would be attackers to achieve. In general, Panama courts will only allow banking secrecy laws to be broken in cases of serious crimes such as international money laundering or terrorism and not for tax related offenses.
Panama has long been a top choice for offshore banking and asset protection. From its base in Panama, Offshore Legal has expanded across two additional offshore jurisdictions to provide its clients with the strongest asset protection vehicles available in the world today. For details about trust locations or the layered asset protection structures please call our offices in Panama.
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