TRUST SERVICES, S.A.
- Licensed under the fiduciary laws of Panama
We are Panamas specialists in offshore corporations, trust
formation, providing services to professional firms and private individuals since 1981
INFORMATION REQUEST TO:
Courier Address: Edificio Balboa Plaza,
Oficina 522, Avenida Balboa
Address: P.O. Box 0832-1630, World Trade Centre, Panama, Republic of Panama
Panama, Republic of Panama
Tel: (507) 269-2438, (507)
263-5252 * Fax: (507) 269-9138, (507) 269-4922 * E-mail: firstname.lastname@example.org
Licensed under the fiduciary laws of Panama
A DOORWAY IN THE WOODS
is true that a rising tide lifts all boats but in Panama so do canal locks.
The small republic deals with transporting, rather than producing,
commodities and moves them swiftly between the Atlantic and Pacific oceans
along a water highway that is just 50 miles long. At the end of 1999 when
Panama took control of the canal from the US, only 11% of the container
traffic between Asia and the US East Coast used it whereas today that figure
has quadrupled. The present expansion of the canal facilities includes the
construction of a third set of locks with over $1 billion earmarked for
additional improvements. If the expansion project meets all its targets,
the canal could just about double its present capacity of 330 million tons a
year and every large ship afloat, except, at the time of writing, the Emma
Maersk, the largest container ship in service, will be able to pass through
Panama is the region’s largest
banking centre and privacy-conscious Latin’s are attracted by Panama’s
strict confidentiality laws plus a territorial tax system that does not
count income earned beyond its borders. Such tax benefits have classified
the country as a paraiso fiscal (tax haven) in some quarters. The briefest
of analyses, however, will reveal how history, and not design, brought about
Panama’s tax regime and this writer, as a former offshore regulator, who
has worked offshore for 30 years, would not caste Panama, for example, in
the mould of the Caribbean’s traditional tax havens which have been a
feature of international business and investment activity for over 40
years. Panama, together with places
such as Jersey in the Channel Islands, had its tax system in place long
before “offshore centre” was part of everyone’s vocabulary. This is
certainly not the case in many of today’s island offshore centres; some,
such as the Cayman Islands, have never even introduced income taxes.
Like its tax system, Panama's
Delaware-based company law was also introduced in the early part of the last
century and remains fundamentally, unchanged. As for banking, besides
an early strong American presence and the present-day demands of a
population in the millions (the population in the largest British crown dependency
finance centre – the Isle of Man – is 80,000), it is a regional business
centre, fuelled in part by its canal-related activities, which includes
having the largest free trade zone in the Western Hemisphere.
And unlike some offshore jurisdictions, brass plate banks are not allowed;
every one of the 100 or so banks in Panama, in other words, has a staff and brick and mortar
Panama has never focused on
traditional offshore financial services for revenue any more than it has,
until recent times, on tourism; more than half the banking business today is
domestic and although traditional offshore banking and related services make
their contribution, they are not the economy’s driving force.
But what is beyond doubt is
that the country is widening its international appeal, based on economic and
- Combine the opportunities in Panama with our expertise. We
subscribe to Ralph Waldo Emerson's observation: "If a man write a better
book, preach a better sermon, or make a better mouse-trap than his neighbour, 'though he build his house in the woods, the world will make a
beaten path to his door". Knock on our door for superlative service.
We ensure that our workload is commensurate with the work force available to
deal with it, so you will understand when I tell you that we’re losing
business but we don’t mind. We offer knowledge, efficiency and
reliability with a proven track record of over 30 years in business.
Please visit the rest of our website to learn more about us, what we offer
and our views and observations in relation to offshore financial services.
After reviewing our menu, please complete and e-mail our confidential
Information Request above for further assistance.
Remember when you’re telephoning us to first dial your country’s
international dialling code (011 in the case of the United States, for
example) before our country code (507).