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Offshore Bank

Panama Legal has evolved and is now:

Offshore Legal Associates,
an Offshore Law Firm
Offices in Hong Kong, Nevis, & Latin America Offering Offshore Banking, Offshore IBC Corporation, Asset Protection, Offshore Trusts, Second Citizenships & Passports

We are a law firm specializing in Offshore Asset Protection, Second Citizenships, Second Passports and Retirement Haven Residencies.
Offshore Bank Accounts in Panama, Hong Kong, Belize, Nevis Saint Kitts, Singapore.
Anonymous Corporations in Hong Kong, Belize, Panama & Nevis.
Panama Anonymous Foundations and Belize Trusts for offshore asset protection.
Second Citizenships, Second Passports and Residencies in as little as 60 days.
Offshore Bank Account Signatory Services and Offshore Trust Agreement Banking.
We can offer privacy and asset protection from any situation including new taxation treaties, civil litigation, divorce, bankruptcy (voluntary or forced) and judgment proofing.
You have attorney client privilege in all your dealings with us including phone calls, chats, wires, and email. We use law firms as affiliated law firms for structures in other jurisdictions and this ensures you that the attorney client privilege protects your transactions from start to finish across borders. We do care enough to offer several ways of communicating with us securely with encryption. How many other law firms can you find that do that? We can represent you, defend you and protect your assets along with your right to privacy. We could not reveal anything about you or your affairs without your specific permission. A lot of websites look like they are law firms but they never say law firm or lawyer. Be careful!
As a client of Offshore Legal Associates you will have a lawyer assigned to you and you can call that lawyer and ask questions anytime. If you inquire of us by phone, encrypted chat, encrypted email, Yahoo Messenger, or Skye you will talk to a live person and get answers. The phones, Skype and Yahoo are answered 7 days a week live. We answer all email fast, seven days a week. We also have encrypted email for our clients’ use where the email never leaves our server. Our website has a link to an encrypted chat to communicate with us live securely using open source code Zfone. All our encryption is open source code based military-grade encryption.
If you acquire an offshore corporation, offshore trust, offshore foundation or an offshore bank account from a non-law firm, they could freely reveal your confidential information which they collect from you like name, address, passport, name of corporation, bank account information etc. without any statutory penalties for violating attorney client privilege. In other words you do not have the benefit of attorney client privilege. Some of these corporate resale agents in other countries say they have some sort of offshore banking or financial privacy protections but it is nothing like attorney-client privilege. If you deal with an entity that is not a law firm, they must obtain the corporation or foundation through a law firm (they are not the law firm) then your attorney client privilege is already defeated since this non-lawyer entity knows all about you, your identity and your corporation and/or foundation and maybe even your bank account information.
Jurisdictions and Tax Treaties – Today the country used for your banking is critical. Laws change constantly. We find it is safer to use jurisdictions that are not considered to be traditional tax havens. There is a big push to go after the recognized tax havens by the OECD and force them to enter into treaties calling for the sharing of information on bank accounts for purposes of suspicion of tax evasion with no serious proof or probable cause required. This appears to be impacting: Switzerland (already signed treaties this year), Cayman Islands, Cyprus, Liechtenstein, Luxembourg, Austria, Guernsey, Isle of Mann, Jersey, Singapore, Monaco, British Virgin Islands, Bermuda, Cook Islands and others. The USA signed the Brussels Agreement with the EU countries allowing the USA to access any bank account in the EU in all 27 countries with no court oversight, no need to show probable cause and in general no accountability at all. This in our opinion eliminates all the 27 EU countries as possible asset protections jurisdictions. There are at least 40 countries not cooperating with the OECD and have signed no tax information exchange agreement. For a list of the nations that signed TIEA (Tax Information Exchange Agreements) in the last 12 months go here:
Judgment Proofing – Our law firm offers many different solutions to judgment proofing. We prefer to analyze the threat and then design a solution to suit. The jurisdictions involved can be critical. International Trust Agreement banking is just one solution that can work. At other times different solutions are required and we chose not to list these solutions on the website. Sometimes we prefer to keep our methods confidential until one becomes a client. To learn more about judgment proofing go here:
Hong Kong Banking – Hong Kong is a unique jurisdiction. They have many of the world’s largest banks. The bank we use for our clients has over one trillion dollars in assets. You can hold accounts in ten currencies to protect yourself against the devaluation of a given currency. The Hong Kong Corporations we use for the bank accounts are anonymous the way we set them up. To learn more about Hong Kong Banking options go here:
Belize Banking and Belize Corporations – To learn more about our Belize Corporations, Trusts and Banking options go here:
Panama Anonymous Corporations – To learn more about this option go here:
Panama Private Interest Foundations – To learn more about this option go here:
Panama Bank Account and Panama Bank Secrecy – To learn more about this option go here:
Anonymous Trust Banking – This is an extremely anonymous and secure banking arrangement designed to protect your assets from attacks launched by your financial enemies. This scenario guards against allegations of fraudulent conveyance, civil judgments, bankruptcy claims, divorce orders and other courts from courts foreign to the jurisdiction where your asset are. The structure involves a Nevis LLC corporation. Nevis maintains no public registry and your name is never listed as an owner of the corporation anywhere. The corporation is owned by a Belize Trust. Belize trusts are exempt by written law from the decisions of any foreign court including fraudulent conveyance, judgements, bankruptcy, divorce etc. The bank used is in Belize. The bank speaks English, has online banking including the ability to send out wire transfers online, hold five currencies, get ATM debit cards which work in any ATM machine which world around the world, and cards with the MasterCard or Visa logo good around the world and online. There is strong bank secrecy. These structures are complex and effective. For more information please go here:
Offshore Bank Signatory Services – This is a purported solution where one hires a service usually a lawyer or accountant to sign on the bank account for them. This means that you lose 100% of the control of your funds and are forced to trust a third party who is usually a stranger. Meeting this person for a few hours does not change the fact that they are a stranger to you. The bank that holds your funds has no idea who you are. If there is an inquiry from a government regarding funds in the account the signatory is going to be very quick to cooperate and turn over your ID to the inquiring government. These signatory services always collect copies of your passport. Ever wonder why? If they do not cooperate with the investigation they can be held responsible as if the funds are entirely theirs. If the funds are illegal in their origins then the signatory can go to jail. He could on a lesser level be held for conspiracy to defraud, facilitating and other charges. Rest assured the signatory is going to look out for himself first.
If another client of the signatory service gets into trouble the funds in that account will be frozen by the bank pending investigation by them and/or the government. The bank would then routinely freeze every account the signatory signs on which would include your account since he is listed as the signatory on this account. The use of different corporations, trusts and foundations will not matter, they will go after every account he is the signatory on. Every account this person signs on will be frozen. So now your funds are frozen for something illegal another client of the signatory service did. These signatory services can easily have over 100 clients. They usually have precious little knowledge of what these people do. People can present them with false ID's made in photoshop. I followed one case where this very thing happened in Europe. How do you get your funds back? How long will it take? How much will it cost? What sort of due diligence would be required? What if there is just an audit of all the accounts the signatory signs on? What if they ask him for the ID of all his clients? What if they send this information to the home country of every client and you never know about it until much later when you get contacted by your government back home. These services are not a solution just an expensive quagmire of potential problems. This concept referred to by different names is always the same thing. It is not a serious solution just an illusion of being such.
We have designed excellent and even more protective solutions to replace signatory services where you keep control of your funds, eliminate percentage charges and keep your hard earned assets. To learn more please go here:
Anonymous Visa and MasterCards – No offshore structure is complete without an anonymous Visa or MasterCard enabling ATM cash withdrawals around the world. These Visa and MasterCards do not have your name on them or in the magnetic strip. They have high limits and low fees. The cards are loaded by wire transfer from your offshore account. Cards work online, in person and of course at ATM machines around the world. The cards are denominated in USD. Learn more about our cards here:
Offshore Stock Broker Accounts – Play the major markets around the world. Equities, Options, Indexes, Forex, Margin Accounts, Online Platform, Live Brokers and more. Stockbroker secrecy laws generally are very similar to the bank secrecy laws in the respective country. We can arrange the stock brokerage account in EU, Hong Kong, Caribbean and Panama in the name of your corporation, trust or foundation with you as the signatory. For more information on opening offshore stock brokerage accounts go here:
Forex Broker Bank Accounts and Corporations – We can provide anonymous corporate and private bank accounts that will allow you to receive third-party funds for investment into your own bank corporate bank account. This is for forex professionals with clients. Inquire.
Your Problems and Your Law Firm - Is your law firm knowledgeable and able to understand the problems of the judicial system in your home country that led you to read this page? Do they really understand what you are up against? Do they know enough to be creative in their asset protection solutions or is it always going to be one of two or three canned solutions? Are they offering you good secure jurisdictions or just jurisdictions where they can obtain the products?
Home Country Asset Protection Challenges - We understand the legal and judicial system in North America, Central America, South America, Asia and Europe and that is why our solutions will protect and preserve your assets while remaining out of the reach of your potential financial enemies while allowing the assets to grow and keep pace with inflation and then some. We also can structure two or even three country solutions to hold up against any sort of financial attack by your financial enemies whoever they may be or where ever they may be. The jurisdictions and structures we use have extremely protective asset protection laws and practices. So do feel free to ask us questions by phone, chat, messenger or email to see if you are comfortable with us and if we have a good grasp of the legal problems you are concerned about that motivated you to visit this website.
The Offshore Banks - Regarding the banks that we put clients into we do not want you trying to sleep at night worrying about whether or not you made the right choice. We take great care with your asset protection structure. Rest assured we have thoroughly investigated the banks. Our Hong Kong bank is one of the largest banks in the world. There is no need to appear in person at any of the banks we use. Our banks do not require dangerous bank reference letters which can be considered a suspicious transaction and trigger a report. Before you put any money in the bank you can call them on the phone and verify who are the only signatories on the bank account. Any additions or deletions of signatories requires written permission of the existing signatories. We have an extremely high client satisfaction rate with the banks we use.
Real Estate Asset Protection and Anonymous Ownership – It is still possible to own real estate anonymously in many different countries around the world using anonymous corporations or trusts where the owner’s names do not appear in any registry or public database. The government does not even know the name of the owners of the corporation. Our law firm can handle the closing of the escrow, signing on behalf of the corporation and the funding of the escrow. You would only wire money to the law firm trust account, not the escrow account. It would be impossible for one to associate your name to the real estate purchase, escrow or registration. You could then rent the property from the corporation owning the real estate and pay rent to explain your living on the property. Useful to conceal real property assets as a ploy to reduce your litigation profile and risk of kidnapping, blackmail and extortion. Inquire.
Why use Hong Kong for Asset Protection? – For starters the government fully insures your deposit up to any amount, in any of the ten currencies they use. Who do you think is stronger China or the FDIC? But do keep reading for more solid reasons to use Hong Kong. Hong Kong is currently replacing Panama, Lichtenstein, Luxembourg, Austria and Switzerland for offshore banking and asset protection. Panama was once the number one retirement haven in the world and it is also generally considered by many to be a tax haven. This is not the case with Hong Kong which is considered to be a major financial center like London, New York and Tokyo. Hong Kong also maintains the largest duty free zone in the world. Hong Kong like Panama does not tax offshore-derived income. Hong Kong has no tax treaties of any sort including information sharing with any country and it is not possible to press a tax case for banking information in Hong Kong. Hong Kong has truly anonymous corporations, when set up the right way which is the way we structure them, strong bank secrecy, strong attorney client privilege and no tax treaties with any country of any sort. The bank we use in Hong kong is a major trillion dollar world class bank. You can hold 10 currencies in your account. You can buy and sell gold in your Hong Kong bank account. You can trade stocks and other financial instruments in the brokerage division of the Hong Kong bank. The government of Hong Kong (China) insures your entire bank deposits in any currency with no size limitations. You do not have to visit Hong Kong ever to have your bank account opened, funded and operating. We rest our case.
Panama, Nevis, Hong Kong & Belize Anonymous Bearer Share Corporations - Such anonymous corporations have no registry or database into which are entered the names of the owners of the corporation. Ownership is based on who has the printed stock certificate called bearer shares. The corporation shares are bearer instruments. The share certificates can be made out in blank or with a name. Such corporations are also available in a number of different jurisdictions. A natural person can own the corporate shares as well as an unnatural person such as another corporation, trust or foundation. Panama, Nevis, Ecuador & Guatemala corporations or the ones from other countries can also own shares of corporations from other countries. Whoever owns the share certificates owns the corporation. The respective governments do not even know who owns a corporation. There is no requirement to report changes of ownership of any bearer shares to any entity. The share certificates can be kept anywhere in the world. The corporate books and records can be kept anywhere in the world. There is no paid in capital requirement. There is no income tax in the banking jurisdictions we use for offshore-derived income. Transfers of ownership of the corporation in whole or in part do not have to be reported. The government does not know who owns these bearer share corporations. With a Panama, Nevis, Ecuador & Guatemala bearer share corporation, wires moving through the wire system are not associated with any natural persons since no one can look into a database and see who owns the corporation.
Bank Signatories - The name of the signatory on the bank account never appears in any incoming or outgoing wire, just the corporation, trust or foundation name. The Nevis, Belize & Hong Kong bank records are covered by strong bank secrecy. Various banks, correspondent banks, national banks and governments monitor all wires. All these entities can learn from the wires going to or from your Corporation is the name of the corporation, trust or foundation; no owners' or beneficiaries names come up in any database. It is like the old Swiss numbered bank accounts except a name of a corporation is used instead of a number, both just as anonymous.
Offshore Anonymous Corporation & Bank Account in 14 days - Panama, Nevis, Belize corporations can be formed with bank accounts opened in 14 days and we have ready to go shelf corporations in stock. Panama, Nevis, Belize, Hong Kong bearer share corporations and Belize Trusts can own real estate, stocks, bonds, cars, boats, planes, gold or other corporations anywhere in the world, and are the best of the offshore corporations. Panama, Nevis, Belize and Hong Kong corporations are allowed to operate in their country of formation as well as in other countries. Anonymous bearer share corporations in other countries operate in a similar fashion with slight variances from country to country.
Belize Trust – This is a serious asset protection structure. Belize law statutorily exempts the assets of a Belize Trust from the decisions of any foreign court (non Belize court). This would include fraudulent conveyance, bankruptcy, divorce, civil judgments, liens, levies, attachments and any other order of any foreign court. The Panama Foundation while strong allows for a fraudulent conveyance action to be brought for three years. The three year clock starts ticking every time an asset is transferred to the foundation. It is not just for the first three years of the foundations existence. The Belize Trust is the only structure we know of that does not allow for fraudulent conveyance actions. For this to be effective the assets should be in Belize so the jurisdiction of Belize can be claimed. Belize Trusts are recorded in the public registry but your name will not appear and the names of the beneficiaries will not appear.
Nevis LLC Corporation – We prefer the Nevis LLC for privacy. Nevis is an island jurisdiction in the Caribbean. They do not have a public registry. This means no one can look up the information on the corporation. You get to keep all the shares of the corporation in your possession. If an entity wishes to file a lawsuit in Nevis against your corporation they need to post a $25,000 cash bond. Remember since Nevis has no public registry for corporations your financial enemies should have no idea who owns the Nevis LLC unless you told them. The $25,000 is in addition to retaining a lawyer. A Nevis lawyer is going to charge a foreigner at least $5000 to $10,000 to just research a case for an opinion. In our opinion the only time such a lawsuit would be productive is if the plaintiff was a resident of Nevis or you had a brick and mortar presence on Nevis and conducted business there physically. If this is not the case, the case brought against the corporation would lack jurisdiction and authority and be dismissed. The cash bond would go to pay court costs and your legal expenses. Practically speaking no Nevis attorney would be likely to take such a case without proper venue and authority lest there be sanctions awarded against the lawyer which the client would not be allowed to pay. We prefer to use the Nevis LLC corporation to open bank accounts in Belize since they offer more asset protection than the Belize Corporations. Belize Corporation shares have to be retained by the registered agent in Belize and this is a disadvantage. It is sometimes convenient to have a Belize Trust own the Nevis Corporation thus placing the Nevis LLC assets under the protective laws of the Belize Trust. No one owns a Belize Trust under Belize law.
Panama Private Interest Foundations – Please note Panama has announced it is changing their corporation laws circa January 2011 reducing privacy. We do not know if this will be expanded to affect Panama Foundation yet but we expect this to probably be the case if not initially then later on. Panama has also signed a Tax Information Sharing Agreement with the USA. A Panama foundation has a number of advantages especially when it comes to asset protection. It is like a combination of a corporation, trust and a will. Foundations have no owner and no shares or stocks. The Panama foundation is anonymous. The foundation has beneficiary instructions that are kept secret. The beneficiary instructions state how assets are to be dealt with in the event of your temporary or permanent incapacitation or if you are under serious distress or if you are deceased. Foundation assets including bank accounts are generally non- freezable pre-trial. No ex-parte injunctive relief here is likely to be awarded against a Panama foundation.
Panama Foundations can own corporations and real estate anywhere in the world under Panama law. Generally the foundation is used to own the corporation(s). This allows one to control an offshore corporation or many corporations and not have the disadvantages of owning them. You can control them through a power of attorney, signing on the Panama bank account and by controlling the foundation in a similar fashion. The foundation is the ultimate asset protection vehicle that has been used by the super wealthy for many years. The Panama foundation is modeled after the Liechtenstein foundation but is available at a fraction of its cost with much lower operating expenses as well. To see if a name for your Panama Foundation is available visit this page. Guatemala Foundations – Are similar to Panama Foundations as described above. Inquire for more details.
Panama Passports, Second Passports, Second Citizenships, Visas and Residency - Panama offers an instant Passport program and a number of exciting and affordable visa programs including the Panama Reforestation Visa Program, Panama Pensionado Program, Permanent Residency and Temporary Residency programs. Feel free to ask us about the various visa and immigration programs. We can offer a number of other citizenship, passport and residency programs from Central America and South America countries offering visa free travel to the entire EU, Central and South America, Caribbean, and Asia. These program take as little as 30 days. Inquire.
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