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BRICO Offshore Services - Is a Panamanian company established since 2000, specializing in formation and management of Panama Corporations and Private Interest Foundations. We provide other services such as: Corporate Law, Trusts, Commercial and Tax Law, Trademarks, patents and Intellectual Property, Banking Law, Immigration Visas, Real Estate, Labor & Employment, Administrative Law, Asset Planning, Residential Tourism, Fiscal and Asset Protection strategies.
Offshore Basics
If you are planning to set up a limited liability company (in particular an Offshore Company), have a quick run trough our checklist to ensure you got everything covered.
¿What is an offshore corporation?
The term offshore is meant to refer to any country or jurisdiction, other than one’s own.
Travel to another country often requires crossing a body of water, hence this foreign jurisdiction is said to be offshore, because it is "of the shores" of one’s homeland.
¿Why go offshore?
The reason offshore has become associated with the protection of wealth is because certain countries offer incentives and protections to foreigners, which they would not normally enjoy in their own countries.
¿Why Panama?
Strategically located between North and South America, the Republic of Panama has long been at the center of international trade, finance, commercial and maritime affairs. Panama’s international service structure remains strong, boasting the largest Open Shipping Register in the world, the biggest Free Trade Zone in the Western Hemisphere, and an International Financial Center with more than 70 banks.
Some other advantages of Panama as a Business Center:
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Panama offers low taxes and favorable investment and financial incentives.
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Unregulated money exchange and unrestricted movement of capital.
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The legal tender is the US dollar as Panama’s official currency.
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Import and export of goods and merchandise.
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Important international center for reinsurance companies.
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No tax liability on interest earned from bank deposits held in banks located in Panama.
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The availability of professional, high quality legal, banking, accounting and administrative services.
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An attractive fiscal structure that operates on the "local source income" principle, meaning taxes are levied only against income generated by operations conducted in the territory of Panama.
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An excellent telecommunications infrastructure, the five most important fiber optics cables in the World converge in Panama.
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The Panama Canal, is a lock-type canal, that unites the Caribbean Sea with the Pacific Ocean at one of the narrowest points of the Isthmus of Panama and the American Continent, it constitutes an inalienable patrimony of the Panamanian nation.
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Panama is home of the City of Knowledge, is an international center for education, research, and innovation, intended to promote and facilitate synergy between universities, scientific research centers, businesses, and international organizations.
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