Panama bearer share corporations are well-known in the world for being one of the strongest asset protection and financial privacy vehicles available today. There are many advantages to incorporate a company offshore in Panama such as their strict banking secrecy laws and lack of Mutual Legal Assistance Treaty (MLAT) treaties with other countries.

Sociedad Anonima (Anonymous Society)

Panama law states that an S.A. corporation or a bearer share corporation (a form of IBC) is owned by the person that has physical possession of the stock certificates. Your name will not appear as the owner of this offshore company in any Panama public registry if you make use of nominee directors and use a law firm as the registered agent. Even the government of Panama would not be able to figure out who really owns your company.

The Panama laws allow company owners to hire Nominee Directors who are just considered normal employees of the company, not owners of the bearer share certificates. However, the public registry does record the names of the Nominee Directors so it is important that you set up the corporation properly.

Changing Ownership Of A Bearer Share Corporation

When it comes to a bearer share corporation, you can transfer all of the stock certificates to another person simply by handing them over to them with no recorded proof of the ownership change required. Most people wonder what they can do with their bearer share corporation once it has been successfully set up.

Uses For a Panama Bearer Share Corporation

Corporations formed in Panama can do many things; they can own bank accounts, stock trading accounts, yachts, real estate, private jets, cars, art, other businesses, and many other invaluable assets. Amazingly, all these things can be owned anonymously without anyone including the government of Panama knowing who is the corporation's actual owner (at least not without some expensive legal action). To the general public, all of the assets belong to the bearer share corporation not to you.

Bearer Share Corporations & Asset Protection

For an asset protection strategy, the most important priority is to enlist the help of a good Panama lawyer. They can help you identify what are the best asset protection strategies available to you given your particular circumstances and help shield you should someone attempt to pierce your privacy veil.

You have to always remember that attorney - client privilege is a critical component of any asset protection strategy. In case which you do not know what attorney - client privilege is, it means that whatever the client discusses with the attorney in private is considered as inadmissible evidence in a court proceeding.

Scam Alert: Make sure you are really talking and working with a Panama lawyer.  Not all websites that say they are Panama lawyers are in fact Panama lawyers. Anybody can set up a web page and say they are a law firm so make sure to check the firm's credentials prior to spending any money with them.