The Perfect Business Model
It has been four years and now I am ready to share something I know works. A corporation in Panama.
1. Easy to create, under $2,000 in legal and government fees.
2. Pays no income taxes to Panama on income earned outside of Panama. ( Does have about $500 in other fees)
3. Can have bearer shares, meaning the ownership is anonymous
4. Can have directors hired in country who are paid a small annual fee to have their name, not yours in the public registry.
5. Can have a US dollar based bank account in Panama
6. Even US citizens only pay taxes on income paid out to them from the corporation
Almost a perfect business model to pay reduced taxes, protect identity and do business internationally.
If you are interested I can connect you to a good, lawyer in Panama. I know several and I live here so i can help you make the connections in person if you wish.
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