Asset protection has become a new trend of doing business. Before, it was enough that you acquire as much assets as you can and then you can rest on your laurels secure in the thought that you and your family will be well taken care of. Nowadays, the legal and taxation systems are not very conducive to keeping assets. Crippling taxes take a big chunk out of your hard earned funds. Punitive lawsuits will take what remains. If you do not take active care of your assets, you may not have anything left for your retirement or for your children.



Asset protection also gives you the means to protect your privacy. The advanced information technology infrastructures of today make your complete and accurate financial profile easy to obtain for somebody who knows what he's doing. Records are kept by government agencies, insurance companies and credit bureaus among others. Somebody with the right skills can tap into these databases and know how much you are worth.

Armed with your financial information, an unscrupulous person can target you for lawsuits to get a share of your assets. Litigation itself costs time and money and even if the plaintiff doesn't get awarded his claim, the frequency of lawsuits against you will take its toll on your assets and on your income-earning potential.

With asset protection, you will be protected from lawsuits, divorce proceedings, bankruptcy, etc. When your assets are protected, individuals wanting a share of your assets cannot touch your nest egg. You can be assured of enough assets to ensure a comfortable lifestyle for you and your loved ones.

Why Panama?

Panama is a financial center that offers you security, tax shelter, privacy, and confidentiality. Offshore corporation formation in Panama is the embodiment of the ideals of offshore asset protection.

Panama has tightened its regulations to conform to international standards of banking and finance. When you form an offshore corporation or open a corporate account in Panama, you are sure that your funds are lodged in banks that have passed the strictest evaluations and test of legitimacy and stability.

Panama is open to people of all nationality and citizenship. Even if you are not a resident of Panama, you can open a Panama corporation under which you could register the assets that you want to be protected. Panama corporations are not taxed on income not generated within the Panamanian jurisdiction, so Panama corporations give you a tax shelter for your income.

You are required to have a registered agent in Panama but this agent is not required to keep books or records on your corporation. In a Panama offshore corporation, you have to have at least three officers (President, Secretary and Treasurer) of any nationality. These officers can be merely nominees and they are not required to be shareholders. You can own all the shares through channels yet your name need never appear in the corporation's records. These and other measures safeguard your privacy for effective asset protection.