advantages of offshore banking in panama
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.TRANSCRIPT
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.