Panama Legal Opens New Offices At Global Bank
Panama Legal, the Panamanian law firm specializing in offshore company formation and trust work has announced plans to move its offices into the prestigious Edifico Global Bank on Panama City's 50th street. The move comes amidst recent announcements from the law firm regarding its expansion into new offshore trust and offshore banking products for its clients around the world.
Domestic Merchant Account Options
A domestic merchant account may be the best option for your company. That's because when you have an account managed by a company located in your country of residence, both you and the lender are familiar with laws and business codes that can impact the way your company operates. An offshore entity, in contrast, may be less familiar with and less observant of the rules that govern spending and payment transactions in your country.
The Advantages of an Offshore Banking Account
Have you ever considered putting your money into an offshore banking account
Many people with large tax obligations become curious about offshore banking accounts when they learn that their money is taxed at the same rate as the country in which it's deposited
Second Passports - A Guide Of What Not To Do
Panama and Guatemala are not the first names that spring to mind when you think of offshore tax havens and second passport jurisdictions for expatriation Areas that probably spring to mind first are the salubrious locations of Monaco, the Bahamas or Switzerland
Day At The Track Releases V.2 of Online Wagering Web Site for Thoroughbred, Harness and Greyhound Racing.
A leader in online Thoroughbred, Harness and Greyhound betting, Day At The Track has released its next generation web site to the public. New graphics and new features are blended together to provide the industry's most dynamic user experience.
LOM Offshore Financial Services Reports 46% Increase in Profits for 2007
LOM (Holdings) Limited (BSX: LOM) today reported that net earnings for the year ended December 31, 2007 rose nearly 50% as compared to year end 2006, to $2.5 million or $0.38 per diluted share. Diluted earnings per share were $0.38 and $0.26 for the year 2007 and 2006, respectively. Total revenue was up 29% to $16.5 million while expansion caused operating costs to rise by 26%, to $14 million.
The World's Largest Offshore Financial Services Group Invests in the Dubai Rugby Sevens
For the 37th time, tens of thousands of avid, enthusiastic, loyal - and very passionate - rugby supporters will descend upon the Dubai Exiles Rugby Club grounds later this month to take part in what has time and time again been called the best sporting and social event in Middle East, and beyond.
Opening an Offshore Banking Account
How to Open an off-shore account
LOM Launches Newly Redesigned Offshore Financial Services Website - LOM.com
The LOM Group, a Bermuda-based offshore financial services company with subsidiary offices in the Bahamas, Cayman Islands, and London, has launched its newly redesigned corporate website. LOM.com, designed with appealing imagery and highly intuitive navigation features for a more user-friendly experience, covers a wide array of topics related to LOM's growing offshore financial services business. One of the more notable additions is the inclusion of an online version of the popular LOM Blue Book, which provides independent research on Bermuda Stock Exchange listed companies.
British Virgin Islands Becoming Increasingly Popular for the Registration of Non-UK Companies Listing on London's Alternative Investment Market
Recently released Hemscott report shows that the British Virgin Islands (BVI) are becoming increasingly popular for the registration of non-UK companies listing on London's Alternative Investment Market (AIM).
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How Secure are Your Bank Account and Assets?
But are you really safe? In the last few years, laws such as the Patriot Act in the US have been approved that effectively take your rights to privacy and financial well being away. These same laws that were meant to protect us are now instead being used as a loophole by high power lawyers and government agencies to access your banking records, garnish money and freeze your assets. In fact, currently US banks automatically report to government agencies on the activities of their clients, including you. What's worse, your hard earned savings can now be legally garnished from your bank account by government agencies and creditors who may believe they have a claim against you. In the US alone you stand a 1 in 4 chance of being sued if your net worth exceeds $100,000. Not a lot of money! Can you sleep at night? Many offshore tax havens are no longer safe either. The Patriot act has enabled the US to attack the privacy laws in the Bahamas, and the UK has even forced the Jersey Islands to fully disclose beneficial ownership information. Indeed there are very few places now with real asset protection. However, the tax haven of Panama is one such place that still enjoys complete company formation privacy and asset protection. Panama constitution provides the highest levels of banking and corporate privacy laws in the world. With Britain's proposed regulation for removal of bank and corporate book secrecy in the UK offshore territories, it is clear that Panama will remain one of the only secure offshore financial centers in terms of privacy and confidentiality that is not only respected, but vigorously protected by constitutional law. Panama has no mutual legal assistance treaties for sharing of banking information with any other nation, and does not recognize court rulings from other countries. In fact, revealing banking information to third parties is a crime in Panama, punishable by imprisonment. There is no such thing as "piercing the corporate veil" in Panama. Panama Corporations also offer "Bearer Shares", allowing shareholders to maintain 100% privacy and confidentiality. Peter Flowers is the owner and author of http://www.confidentialbanking.com, a source for offshore banking services.
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