Offshore Companies or Offshore Corporations designated as Zero Tax or very low and which are organized in tax haven jurisdictions.
These Offshore Companies or Offshore Corporations can be organized in jurisdictions such as the British Virgin Islands (BVI), Belize or the Seychelles.
Offshore Companies and Onshore Companies organized in jurisdictions offering the same. These Companies benefit from special Offshore Company Regimes and favorable Tax Regulations.
A Private Foundation in Panama is to the least a state of the art legal instrument that provides all the facilities a Trust may offer and more.
In a Private Interest Foundation in Panama, assets are held in a separate manner from the Founders and managed by a Foundation counsel or Board of Directors. It is also born form a mercantile act providing the certainty of existence, with the status of a juridical entity with a personality which is separate to its founders.
Private Foundations are a unique form of legal entity which acts like a Trust and operates like a company.
These companies are used for international business, offshore business and tax planning due to the advantage of limited liability but having the quality of a partnership for tax purposes. In other words, profits are distributed among members in relation to the holdings they own, and are assessed in their hands.
The offshore world is very complex. The offshore business includes tax havens countries as well as onshore high tax countries which are competing to captivate individuals and international companies with rules on tax planning and opportunities.
TAX PLANNING BUSINESSES:
Panama has been for over a century an international financial center, together with the fact that it is the country with the highest growth per capita in the entire region.
Panama has a friendly tax environment, ideal for tax incentives as it provides numerous tax treaties, low taxation plus panama company formation with bearer shares, as one of its main attractions.
Since its beginnings at a local Panama Law Firm, Ismael Gerli has built a name to become one of the leading Panama ship registration firms, not only in Panama but due to appointments in other Maritime Registries, like the Ship Registry of Sierra Leone and the Ship Registry of Jamaica.
We represents prestigious Shipowners, Managers, Maritime law Firms and most importantly carries the highest acceptance among AAA banks worldwide that engage in the ship finance and lending maritime activities.
Panama has been for over a century the most important strategic geographical location in the world. The Panama Canal makes a necessary passage for vessels. This unique crossroad, plus the expanding Panama Flag Registry and the Panama Merchant Marine (Autoridad Maritima de Panama) furnish the largest Vessel Registration in the world.
The above definitively substantiates the increasing importance of the Panama Vessel Registry and its further relevance as a leading maritime jurisdiction. Today, the Panama Flag Registry has in place two maritime courts to take care of issues related to maritime claims as well as those accidents that could occur while vessels transit the Panama Canal.
