Reputable website to purchase Panama corp? - GoFuckYourself.com

Trixie Racer · 06-27-2005, 04:53 PM

I'm trying to collect research on purchasing a Panamanian corporation online. Not a website with just info, but a website where one can select the corp type and pay. Obviously there's searching, but who wants to go with whoever bid the most?

Who did you use? How did you choose? Do you trust them? Would you recommend them? (Negative feedback also appreciated.)

azguy · 06-27-2005, 04:54 PM

http://www.matapitti.com/

azguy · 06-27-2005, 04:59 PM

Trust me, stop looking

Mata Pitti are worth every penny (and they're not even that expensive to begin with)

Joesho · 06-27-2005, 05:03 PM

I can set you up woith an actual Lawyer in Panama, not a website, contact me on icq if you are interested.

Why · 06-27-2005, 05:08 PM

didnt a bunch of bad stuff happen with panamanian corps a few years ago?

BradShaw · 06-27-2005, 05:28 PM

Offers zero protection. I doubt its worth the $ it will cost you to set up.

BradShaw · 06-27-2005, 05:29 PM

Not to mention when the IRS finds out about it, which they will, you can expect an audit.

WiredGuy · 06-27-2005, 07:49 PM

I had a very lengthy talk with my accountant and attorney this morning and to be honest, I was really discouraged from going offshore. I was really leaning towards going offshore but after hearing their advise, I wouldn't consider it anymore.

WG

FilthyRob · 06-27-2005, 07:52 PM

Quote:

Originally Posted by WiredGuy

I had a very lengthy talk with my accountant and attorney this morning and to be honest, I was really discouraged from going offshore. I was really leaning towards going offshore but after hearing their advise, I wouldn't consider it anymore.

WG

Did they talk about other companies doing it (moving offshore) and having bad experiences?

WiredGuy · 06-27-2005, 08:04 PM

Quote:

Originally Posted by FilthyRob

Did they talk about other companies doing it (moving offshore) and having bad experiences?

Yes, usually my accountant is the aggressive one and attorney is the conservative one, today they both agreed that going offshore would not be worth the aggrevated headaches. Simply setting up offshore bank accounts is not enough to satisfy the Canadian government that you're an offshore company. I'd need to setup multiple business functions and hire staff to maintain a remote office and simply going through a law firm to maintain such an "image" would not suffice. I was shown many examples of full audits and the cases they showed presented actual jail time for tax evasion. I'll pay the increased tax rates

WG

slapass · 06-27-2005, 08:40 PM

Quote:

Originally Posted by WiredGuy

Yes, usually my accountant is the aggressive one and attorney is the conservative one, today they both agreed that going offshore would not be worth the aggrevated headaches. Simply setting up offshore bank accounts is not enough to satisfy the Canadian government that you're an offshore company. I'd need to setup multiple business functions and hire staff to maintain a remote office and simply going through a law firm to maintain such an "image" would not suffice. I was shown many examples of full audits and the cases they showed presented actual jail time for tax evasion. I'll pay the increased tax rates

WG

I looked into it too. It gets ugly doing it from the US too.

tony286 · 06-27-2005, 08:48 PM

unless you plan to live in that country you are asking for big trouble

Pornwolf · 06-27-2005, 09:12 PM

Offshore is a pain in the ass, but a necessary pain in da ass for some.

WiredGuy · 06-27-2005, 10:03 PM

Quote:

Originally Posted by slapass

I looked into it too. It gets ugly doing it from the US too.

Yup, a lot of people set it up for really cheap but if they get caught, its not a pretty picture...
WG

azguy · 06-27-2005, 10:49 PM

Panama is still a great jurisdiction for legit corporate structures.. what the hell are you guys talking about. Obviously criminals will get caught one way or another, but why assume the thread starter is looking for a tax evasion solution?

WiredGuy · 06-27-2005, 10:52 PM

Quote:

Originally Posted by azguy

Panama is still a great jurisdiction for legit corporate structures.. what the hell are you guys talking about. Obviously criminals will get caught one way or another, but why assume the thread starter is looking for a tax evasion solution?

I'm not assuming so, I've just seen cases prosecuted where the government made the accusation of tax evasion because opening a marketing office for example in a remote country didn't justify sufficient need to be considered an offshore business.

WG

GonZo · 06-27-2005, 10:59 PM

Brad Shaw is right.

06-27-2005, 04:53 PM	#1
Trixie Racer Confirmed User Join Date: Aug 2003 Location: varies Posts: 2,328	Reputable website to purchase Panama corp? I'm trying to collect research on purchasing a Panamanian corporation online. Not a website with just info, but a website where one can select the corp type and pay. Obviously there's searching, but who wants to go with whoever bid the most? Who did you use? How did you choose? Do you trust them? Would you recommend them? (Negative feedback also appreciated.) __________________ Make a Red Cross Donation!

06-27-2005, 05:03 PM	#4
Joesho want to get in shape Join Date: Jan 2003 Location: on the lake Posts: 12,329	I can set you up woith an actual Lawyer in Panama, not a website, contact me on icq if you are interested. __________________ Got any domains to sell? I proudly host all my stuff at www.rackco.com

06-27-2005, 05:28 PM	#6
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	Offers zero protection. I doubt its worth the $ it will cost you to set up. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

06-27-2005, 05:29 PM	#7
BradShaw Confirmed User Join Date: Oct 2001 Location: KB's trailer Posts: 7,840	Not to mention when the IRS finds out about it, which they will, you can expect an audit. __________________ Sig too big http://www.gofuckyourself.com/gfy_faqs.html Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

06-27-2005, 07:49 PM	#8
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,497	I had a very lengthy talk with my accountant and attorney this morning and to be honest, I was really discouraged from going offshore. I was really leaning towards going offshore but after hearing their advise, I wouldn't consider it anymore. WG __________________ I play with Google.

06-27-2005, 04:54 PM	#2
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	http://www.matapitti.com/

06-27-2005, 04:59 PM	#3
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	Trust me, stop looking Mata Pitti are worth every penny (and they're not even that expensive to begin with)

06-27-2005, 05:08 PM	#5
Why MFBA Industry Role: Join Date: Mar 2003 Location: PNW Posts: 7,230	didnt a bunch of bad stuff happen with panamanian corps a few years ago?

06-27-2005, 08:48 PM	#12
tony286 lurker Industry Role: Join Date: Aug 2002 Location: atlanta Posts: 57,021	unless you plan to live in that country you are asking for big trouble

06-27-2005, 09:12 PM	#13
Pornwolf Drunk and Unruly Join Date: Jan 2002 Location: Hollywood Posts: 22,712	Offshore is a pain in the ass, but a necessary pain in da ass for some. __________________ I've trusted my sites to them for over a decade... Webair, bitches.

06-27-2005, 10:49 PM	#15
azguy Confirmed User Join Date: Nov 2004 Location: Scottsdale, AZ Posts: 5,167	Panama is still a great jurisdiction for legit corporate structures.. what the hell are you guys talking about. Obviously criminals will get caught one way or another, but why assume the thread starter is looking for a tax evasion solution?

06-27-2005, 10:59 PM	#17
GonZo Confirmed User Industry Role: Join Date: Jul 2002 Location: Atlanta,Ga. Posts: 3,180	Brad Shaw is right. __________________ Assclown Bob Rice wants to BANG your credit card! "I am putting the bastards of this world on notice; greed and corruption will always be met with "a voice made of ink and rage." All the information above is my personal opinion.