Place Your Money In An Offshore Bank Account And Pay No Taxes

1 - I can do better 2 - Jury's out 3 - Pretty darn good 4 - Splendiferous 5 - Awesometastic by 1 person | Log in to rate

Ranked #7,518 in How-To, #76,034 overall | Donates to AIDS Research Alliance, Earthjustice

How Do I Bank Offshore?

Ever wanted to have an offshore bank account but didn't know how to start? You can learn about offshore banking and why so many people in different areas of the world are getting more and more involved in placing their money offshore. Just keep reading!

Can you get excited about placing your money offshore so the government can't touch it?

The Benefits of Offshore Privacy by Banking in Panama 

What you need to now about the rules & regulations of Panamanian banking.




The world's second largest offshore banking center after Switzerland, Panama is a stable and secure international banking center. It's offshore privacy banking laws abide by the procedures of the Basle Committee on Banking Supervision which ensure client privacy and seek to prevent criminal banking endeavors. This has guaranteed tightened regulations and controls and has created a very competitive, exceedingly private and classified but well scrutinized offshore banking industry.

It is possible for a business to access the full assortment of offshore company services and to create offshore corporate accounts in Panama to be used in conjunction with a Panama International Business Corporation (IBC). The establishment of an IBC in Panama is a very clear-cut process. A company will be emancipated of all Panamanian taxes as long as its business activities are carried on outside of the country.

The benefits of setting up an offshore bank account in Panama are as follows: 

  • Businesses that choose to incorporate and bank in Panama, but operate on the outside of the country, can submit income to their Panamanian offshore bank account without having to pay local taxation on that revenue.
  • There are no requirements to file any information with the Panamanian government regarding any offshore privacy activities, except for the annual government franchise tax of US $150 to remain in good standing. The main requirement that the Panamanian authorities insist upon is that the business have a Resident Agent in Panama who must be a Panamanian registered lawyer or law firm.
  • Panama offers the sternest banking and financial privacy laws available in the world, providing legal safeguards to assets and your identity through the secrecy of business and banking transactions.
  • Isn't it good to know that Panama has no currency restrictions? The U.S. dollar is the circulating standard. Panama's hassle-free banking regulations make it easy to relocate funds in and out of the country.

Opening an offshore account in Panama is an easy process. 

At the beginning of this lens the question was, "How do I bank offshore?" There are many companies offering IBC incorporation and bank account establishment packages for a fee.

In Panama, it is necessary to make a minimum primary deposit to start a bank account. Once the account has been opened, you will need to keep a minimum balance in the account, otherwise charges are imposed. 

FREE Download! 

Offshore Banking Alert Special Report

"The 10 things you really need to know before opening an offshore bank account.".

This FREE e-book gives you information about offshore banking and explains what to look for when creating offshore accounts. Listed below are just a few of the chapters contained in this 16 page viral e-book.

- The Most Important Benefits of an Offshore Account
- The Truth About Privacy and Anonymity
- What You Need to Open an Offshore Account
- The Facts About Offshore Credit Cards
- The Advantages of Accounts in Various Currencies

Becoming a member of the private club, gets you a free 7 part e-course with information about:

* How to Defeat Big Brother - revealing how to thwart an Orwellian and over-regulated future
* The Moral Case Against Taxation - exposing the true nature of taxation
* What is a Sovereign Individual? - outlining the future man/woman
* And lots more information about becoming financially free!

You also get information about some of their partner sites giving you even more information about becoming financially free!

They also have an affiliate program where you will be credited with any sale that results, earning up to $100 US commission. If any of those individuals, to whom you have distributed the e-book, also decide to personalize their own copy and distribute it - then you will receive up to $20 US commission on their sales. There are other viral e-books available that you can purchase and distribute also!

When you select the link, you will be taken to a site where you can actually read the e-book online! Select the plus sign to enlarge the page for better readability. You will have to download the e-book to select the embedded links. In order to download this FREE e-book to your computer, select the download tab then the Adobe Acrobat link that displays.

Asset Protection 

More on asset protection and a sovereign life.

In recent months I have been doing more research on asset protection by visiting sites that have been recommended by friends and associates. As I find more, I will be adding to the list, so check back for updates.
The Sovereign Society
This site contains information about asset protection, estate planning, dual citizenship, investment research and more. A very good site to continue your search on offshore banking and other areas pertaining to a sovereign life.
The Nestmann Group, Ltd.
They help clients seeking wealth preservation and international tax planning solutions.
Trident Press
Information on offshore investing, the best investments, wealth creation, asset protection and privacy.

Featured Lenses 

View another lens on financing.

About Panama 

Find out more information about Panama.

Panama AdventureMap

Amazon Price: $9.56 (as of 07/13/2009) Buy Now

The Path Between the Seas: The Creation of the Panama Canal 1870-1914

Amazon Price: $26.60 (as of 07/13/2009) Buy Now

Moon Panama (Moon Handbooks)

Amazon Price: $13.57 (as of 07/13/2009) Buy Now

Visitors Feedback 

Are you ready to start an offshore account?

After reading this lens, let me know if you're excited about starting an offshore bank account in Panama.

anilg wrote...

Nice lens with lots of useful information. If you are willing to make money online, then please visit my lens

ReplyPosted June 18, 2008

qwealth wrote...

Hi Celestine,

Interesting lens, unbiased, thank you.

Peter Macfarlane

ReplyPosted April 20, 2008

get_healthy wrote...

Hi Celestine,

Great info, very interesting lens!

Philip

ReplyPosted August 08, 2007