For anyone who is starting a business venture, tax exemption is, for sure, a great advantage. Tax exemptions are particularly helpful if offshore/overseas companies, bank accounts and corporations are involved; exponential growth, increase in profitability and improvement of services rendered are some of the benefits acquired by such tax exemptions.
If you decide to create an offshore business you are abandoning your own country’s jurisdiction where security and privacy are efficiently provided, however you expect to find the same or better conditions in this country where you are investing. Evidently, if your gains and assets are not secured all your efforts may be wasted, even if you benefit from a tax exemption. Panama’s legislation is well acquainted with such facts and, hence, it specifically addresses you taxes and security concerns.
Asset protection and the safeguarding of your financial gains are top priorities to avoid pitfalls whenever you have offshore businesses. In Panama persons and legal entities working under an offshore setup enjoy the highest conceivable degree of safety. Privacy is ensured in all you undertakings, particularly in your business dealings. Stealing is thwarted in all kinds of offshore operations whatever their size.