Archive for November, 2009
Panama Offshore has become the single most popular form of business in the small nation of Panama. Businessmen from all over the world have been seen flocking to Panama to make use of their liberal business and trade policies.
Panama Offshore corporations have been known to offer the kind of confidentiality and security that is similar to the banking system in Switzerland. This must be one of the reasons why Panama is being called the Mecca for those people who want to make investments without having to reveal their identity. Panama offshore corporations are exempted from all kinds of taxes provided that their business is conducted outside the legal boundaries of the country. This offers most businesses a distinct cost advantage when compared to other countries.
Businesses are not the only ones who have benefited from these Panama offshore corporations. The amount of foreign investment coming in to Panama is unparalleled. It has led to a lot of growth in the countryï¾’s economy in the recent past. Whether this kind of growth will remain sustained in the following years remain to be seen.