We are finally able to offer offshore bank accounts in Madeira (Portugal) for offshore companies. Politically, the island of Madeira belongs to Portugal, but it is located en route for Africa and the Americas, facing the African coast. Madeira is an autonomous region and free zone of Portugal. The island already enjoyed particularly favorable customs regimes in the past thanks to it nearness to the European Union and its poor…
FREE Secure email messages that Self-Destructs in 7 seconds Surely, at some moment, you have needed to send important, as well as sensitive, information via Email. They may have been personal or about business, but the idea is that, after pressing the “send” button, doubt may have arisen about who may have read the content sent. It is no secret that thousands of messages that are sent/received via internet everyday…
Yesterday the National Assembly of Panama approved a law project No. 568 that will immobilize bearer shares. This law project must now be submitted to the President of Panama for it to be sanctioned, which we expect to happen within the next couple of days.As advised, the law project contemplates the immobilization of bearer shares, which means that the share certificates of companies that have been issued to the bearer…
This story is fictional, but could be perfectly real. Company "A" needs to redesign its website to be more competitive in its market. Hiring a professional group in its country will be a costly process. So it decides to approach Banana00.com’s freelance market and posts an ad requesting the service there. Soon the company executives start receiving proposals from all over the world. Web designers and programmers join the auction…
Important changes in the Panama’s offshore legislation have been implemented with the adoption of Law 52 of 2016, which establishes the obligation to keep accounting records for those legal persons that do not conduct transactions that are perfected, consummated or have its effects within the Republic of Panama.   This new regulation is now in full force; therefore, it is important to read carefully and that all clients send us…
The Liberian Government decided to introduce a major change in the offshore companies registered in this African country: The issuance of shares to the bearer will no longer be accepted. This amendment of the law was adopted to meet international standards and eliminate the risks of illegal evasion, illicit flow of capital, money laundering and terrorist financing. Offshore companies previously registered in Liberia that had been authorized to use bearer…
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