Panama - The Banking Heaven of Your Choice

Rather often we hear about different financial hustles regarding the offshore enterprises. Does not it cause inquisitiveness about these scandalous enterprises?
There are very many places in the world, where offshore companies can be registered, starting with several European countries, then different islands and of course North and South America.
My article is about one of them – about Panama. Reputed as the bridge of the world, Panama is at the heart of the world’s financial affairs. Home to over a hundred international banks, the largest free zone on the Western hemisphere with no restriction on foreign owned investments. I think, that exactly the geographical location was reason, why Panama became so important player in the world’s financial system.
Establishing an offshore I think is the best way how to legally avoid different tax payments. There are many countries around the world, which legislation is so favorable regarding the taxes. One of them is Panama, which is called prime offshore center, since it offers wide range of different services (audit services, banks, good location etc).…