Panama companies have been recognized around the world as a corporate tool that can be successfully used in various areas of international business, asset protection, acquisition planning and management in the real estate market, and in many other areas. The combination of favorable factors for business development make Panama corporation attractive for business: Panama operates under a territorial tax system where residents and non-residents are taxed only on Panama-source income. Income that does not arise in Panama or is not derived from Panama is not subject to tax in Panama. There are no economic substance requirements. Dividends received by a Panamanian resident corporation from another Panamanian corporation are exempt from corporate tax. A corporation is resident if it is incorporated under Panamanian law and if the corporation’s central management and control is exercised in Panama.
Many of our readers and their attorneys often ask how we begin starting a Family Office and therefore we have decided to write about a Baby Family Office package.
What Is A Family Office
The Concept and mechanics of a family Office is detailed in our Forever free article but in summary is a complete and perpetual asset protection and tax optimization structure for your family with wealth management built in.
although much more affordable then you may think it is still out of many people price range, however all high wealth families started somewhere and lost a lot along the way.
Why You Need A Baby Family Office
Today many young people whom older investors would consider babies, both in age and experience, are making fortunes (in many cases much more than their older rivals) because they are now understanding the power of crypto and blockchain. However, these new up and coming family office owners have never had generations to consider things like as site protection and tax planning and inheritance matters.
Therefore, those who are on their way to wealth or are now becoming wealthy form both crypto and other investments need a low-cost mechanism to start building their wealth.
Plan 1:
A. You establish Panama IBC for the reason that both jurisdictions are excellent value for money have high confidentiality (owners not held on registry) and can hold crypto. The IBC has string asset protection (almost as strong as a trust but not quite).
B. You establish a bank account in a crypto friendly bank which owns an exchange so you can convert your crypto to fiat.
C. You establish an additional account.
D. You open a brokerage account as an additional service (for an extra fee)
Total Package Cost: $4565
How This Works As A Baby Family Office
Independent jurisdiction, politically powerful due to the Panama Canal. Highly developed financial services industry and professional infrastructure. In fact, it pays zero taxes on your worldwide income from any source. The brokerage account if properly used can hedge your investment strategies by offering multiple investment options a multi-currency accounts, the same options that giant family offices utilize. The bank account allows you to hold funds in perfect confidentiality.
Disclaimer: The information contained in this article is for informational purposes only and does not constitute financial advice or recommendations. Investing in financial products or cryptocurrencies involves risks, and you should be aware of the potential risks involved before investing. The content on this website is not intended to be a solicitation or offer to buy or sell any financial products or services. The information provided does not take into account your specific investment objectives, financial situation, or needs, and should not be relied upon as a substitute for professional financial advice. You should seek independent advice from a financial advisor or other professionals before making any investment decisions. Please be aware that the legal status of cryptocurrencies and other financial products may vary in different jurisdictions and may be subject to regulation. It is your responsibility to ensure compliance with any relevant laws and regulations governing the sale and marketing of financial products and services in your jurisdiction.