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Panama as an Offshore Solution

Panama is the second most popular offshore solution for clients, with over 400,000 plus IBC's and Foundations currently registered. The local currency is fixed to the US dollar, removing the risk of currency fluctuations.

Some of the main attractions Panama offers to its clients include:

Tax: No income tax from activities derived outside of Panama.
Retirement: The Retire to Panama - and Live program allows indefinite residence in Panama to those aged 45+.
Shipping Registration: Panama has the largest number of registered vessels in the world due to it's low tax.
Transportation: excellent sea, air and land transportation is available in Panama. Panama city is linked by more than 20 different airlines.
Banking: Along with local banks, Panama offers some of the biggest names in banking. HSBC, Barclays Bank and Citibank to name a few.
Economy: Panama shows a stable economy with the gross national product averaging an annual increase of 6% over the past few years.
Climate: tropical environment with some of the best beaches in the world.

With it's central location between South and North America, Panama allows easy access to offshore clients. Airfares are relatively cheap compared to places like the Seychelles where the government imposes high taxes on airline tickets.

So for the benefits of asset protection, tax exemption, anonymity, privacy protection and limited liability, it's no wonder why many choose Panama as their choice for offshore solutions.