Advantages of Offshore Banking in Panama

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Information about Advantages of Offshore Banking in Panama
Finance

Published on March 18, 2014

Author: MataPitti

Source: slideshare.net

Description

Panama has some of the best banking laws in the world. That paired with the growing economy has made Panama one of the best places to have an offshore bank account.

Advantages of Offshore Banking

Privacy Offshore banking in Panama has some of the best secrecy laws in the world.

Economic Growth Panama has a booming economy, and is now the wealthiest of the Central American nations.

Currency The currency of Panama has always been the U.S. dollar. Therefore no foreign exchange is needed for U.S. residents.

Taxes Panama’s government refuses to compromise tax competitiveness for the benefit of other countries.

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