Home |About Us

Privacy Package - Panama Corporation with Belize Bank Account

Panama IBC with Belize Bank Account

An unbeatable combination for offshore trading

This package offers numerous privacy advantages because the unique privacy aspects of a Panamanian corporation are very complimentary when combined with a discreet bank account in Belize. The account provides full internet banking along with multi currency facilities, ATM, credit and debit cards and of particular interest to clients running e-commerce sites a number of merchant account options. As a location Panama is the most southern of the Central American nations, located south of Costa Rica and north of Colombia. The Panama Canal bisects the isthmus at its narrowest and lowest point, allowing passage from the Caribbean Sea to the Pacific Ocean. It is marked by a chain of mountains in the west, moderate hills in the interior, and a low range on the east coast. There are extensive forests in the fertile Caribbean area. The land area is 29,340 sq mi (75,991 sq km) and the latest Population estimate in 2010 indicates the population to be 3,322,576. Whilst the official language is Spanish 14% of the population speak English as a first language and many Panamanians are bilingual. Panama's economy is based primarily on a well-developed services sector that accounts for three-fourths of GDP. Services include the Panama Canal, banking, the Colon Free Zone, insurance, container ports, flagship registry, and tourism.

Panamanian Corporations and Foundations

In Panama ORCA form both corporations and foundations. For banking purposes, there is very little difference. All entities come with everything you need to open both bank and brokerage accounts. Generally, corporations are used for profit ventures involving business activities such as security trading, banking, international business, ownership of assets etc. We find that over 75% of our clients establish corporations although foundations have distinct benefits in some situations. As a rough guide foundations are generally used for non-profit activities such as charities, receiving or giving donations, grants, etc, but can also be used for holding purposes such as holding ownership of corporations or any other type of asset such as a house, boat or car. Some of our clients use a combination of a corporation and a foundation. In this situation the foundation holds the shares in the corporation for additional confidentiality. Although Panama does not form trusts it is worth briefly looking at their uses because clients considering forming a foundation might be ideal candidates for a trust. Trusts are generally used for holding purposes such as owning corporations, or holding assets such as real estate. However, these are simply general guidelines for what each type of entity was initially created for and these guidelines do not have to strictly adhered to as there is no authority in Panama that enforces the uses of each type of entity. One crucial difference between a foundation and a trust is that a foundation is formed in the same way as a corporation although the structuring is different. A Trust can be 100% anonymous and only the lawyer forming the trust, you and ourselves will know the true details of who the parties are. A trust like a foundation is designed for maximum flexibility and can basically do anything from owning assets to controlling companies or signing contracts. In brief, if a person can sign something, own something or carry out a business transaction, so can the Trust. The complication with a Trust arises because an offshore trust is not a judicial person; it is merely a written agreement as to how assets are managed. In simple terms, a trust is a relationship in which a person, called a trustor or settlor, transfers something of value, called an asset, to another person, called a trustee. The trustee then manages and controls this asset for the benefit of a third person, called a beneficiary. A Panama Private Interest Foundation is different from any other legal entity in Anglo-Saxon law because it is not the legal personification of a person or group of persons (as with a corporation), rather it’s a legal entity that does not have owners (share-holders, participants, or partners), it traditionally has a specific purpose for the benefit of a general group of individuals. Complex I know! But the characteristics of these three entities when built into the right structure are the key to maintaining privacy, securing your anonymity and the successful avoidance of tax.

Panamanian Corporations

Many of our clients who operate internationally find Panama an ideal location in which to form and IBC for worldwide operations and transactions. Panama taxes according to the territoriality principle (this means it does not tax foreign-source income), only the income generated locally is taxable and more importantly the nationality of the individuals running the business has no bearing on any taxation issues. Another plus is that dividends are not classified as income subject to tax.
Due to its sophistication and high standard of living as well as its geographical position, political stability and the characteristics of its economy, Panama has become one of the most important tax havens in the Western Hemisphere. It has excellent international transportation and communication systems; the United States Dollar has been a currency of legal tender for more than ninety years.
Panama has taken several steps to modernize its economy and promote foreign investment. Most Panamanian and foreign investors choose to form corporations. There are no exchange controls, currency restrictions or reporting requirements and there no limits on monetary transfers either to or from the country.


Other common advantages of Panama corporations are:

Upon registration of your Panama Corporation you will receive the following Certified Documents.

Details of the requirements to set up the Belize account.

1. References - An original reference is required on the beneficial owner, director/s, and signatories to the
account. References from a bank (preferred), a practicing attorney or a certified accountant are acceptable. References should be recent, prepared on the entity’s official stationery and should indicate the following: a period of relationship for at least (2) years; type of relationship conducted; status of relationship

Company Documents

In addition to the above, the following are required:

Incorporation Fee Including Nominees and setting up of Belize bank account $2295
Annual Fees $1495 due on the anniversary of the company formation

Additional Facilities:

Panama Mailing Address and shared voicemail for 12 months $500

Panama Phoneline with worldwide diversion for 12 months* $295

* Please note the above is for line rental and excludes calls

If you will require e-commerce facilities or domain registrations to accompany the company click here

UK / Ireland020 7175 0041
(International +44 20 7175 0041)
US / Canada1 954 866 5986
(INTERNATIONAL +1 954 866 5986)
Australia and New Zealand+61 2 9191 7472
(INTERNATIONAL +61 2 9191 7472)
© Copyright 2016 All rights reserved.  |  ORCA Offshore  |  Sitemap  |  Terms & Conditions