I will try to convince you haha, I'm also in Panama and I have a foreign business and the main benefit is: Access to better financial services. If I was retired then I wouldn't even bother but since I need to charge cards and issue corporate cards I have found that you can spend less if you use a simple set up in the exterior (US LLC, BC LLP, UK LLP, etc) in combination with a good provider... Doesn't matter if they are taxed at the individual level since there is no personal tax for foreign income
Please convince me. Real advantages of owning a corporation.
- Thread starter Panamood
- Start date
- Status
Just to add on the limited liability thing as i see some confusion. Limited liability provided by the company stems from the operations of the company i.e. you place some funds into a venture, if you end up with claims either third party creditors like service providers, stock sellers or banks from where you obtained loans ( although nowadays they all require personal and other guarrantees exactly for working around the limited liability offerred by companies )or an injured employee for example or you ve runned down someone while your trucks are doing logistics services and they sue the company, then the liability is restricted︀ to the company's assets and your capital contribution and does not flow to the shareholders︁ unless in a few very exceptional cases. This is what limited liability refers to. It︂ restricts the potential liability of the venturer or investor to a predetermined amount.
Now asset︃ protection is something different; you may place assets into a company or a trust or︄ similar vehicle somewhere offshore to protect them by either keeping their ownership private ( easier︅ to hide ) or create multiple layers of companies or transfer assets to a vehicle︆ in a jurisdiction which makes it difficult to enforce a foreign judgement or to win︇ a local court case, like for example a cook island trust , or have a︈ well drafted trust document in a reputable jurisdiction and part ownership and control from the︉ assets making it out of reach of creditors etc. etc. The latter examples is what︊ asset protection is all about.
Now OP seems to be doing well as he currently︋ is and staying away from us idiot lawyers. Only thing, he should be urgently sharing︌ some of that p***y, especially now that we know where he lives and where he︍ keeps his assets.
Now asset︃ protection is something different; you may place assets into a company or a trust or︄ similar vehicle somewhere offshore to protect them by either keeping their ownership private ( easier︅ to hide ) or create multiple layers of companies or transfer assets to a vehicle︆ in a jurisdiction which makes it difficult to enforce a foreign judgement or to win︇ a local court case, like for example a cook island trust , or have a︈ well drafted trust document in a reputable jurisdiction and part ownership and control from the︉ assets making it out of reach of creditors etc. etc. The latter examples is what︊ asset protection is all about.
Now OP seems to be doing well as he currently︋ is and staying away from us idiot lawyers. Only thing, he should be urgently sharing︌ some of that p***y, especially now that we know where he lives and where he︍ keeps his assets.
hahahah guys guys guys….. you are pointing at the moon And looking at the finger. You are in Panamá but when it comes to girls think of venezuelan… colombian.. russian….
Leave pocahontas for the british.
And beware. Lots of bad bixes. Just be badder & dont fall in “love”
Leave pocahontas for the british.
And beware. Lots of bad bixes. Just be badder & dont fall in “love”
Yes, as long as you reside in Panama, your setup works well.
The company︀ might be needed if you start spending significant time somewhere else, so some other country︁ might be interested in taking taxes based on all your personal assets/capital gains.
The company︀ might be needed if you start spending significant time somewhere else, so some other country︁ might be interested in taking taxes based on all your personal assets/capital gains.
no estate issues?
Do you find being limited to Singapore and HKG ETFs an issue in your current setup? Are HKG stocks not being trashed like Chinese stocks the last year with no end in sight? To save taxes you are limiting your exposure to gains in better markets? I am asking because I face a similar situation but cant see myself buying Singapore or HKG ETFs. is the UK not a better option for the investments. I agree with the other comments on the asset protection side︀ of things. Unless you have any US exposure then I wouldn't worry too much in︁ Latin America.
Do you find being limited to Singapore and HKG ETFs an issue in your current setup? Are HKG stocks not being trashed like Chinese stocks the last year with no end in sight? To save taxes you are limiting your exposure to gains in better markets? I am asking because I face a similar situation but cant see myself buying Singapore or HKG ETFs. is the UK not a better option for the investments. I agree with the other comments on the asset protection side︀ of things. Unless you have any US exposure then I wouldn't worry too much in︁ Latin America.
To be fair 90% i have it in singapore.︁ rest 10% on the tracker fund of hkg. Maybe, as an option, you can try︂ buying Ireland domiciled world etfs and pay 15% on div income (instead of 30% for︃ US domiciled ones).
That said, S-Reits etfs like CLR.SI look pretty attractive to me at︄ this moment. Good source of regular income (5-6% yield with no tax) from real estate︅ in a place where land is scarce. Also the tracker fund of hkg looks pretty︆ good in valuation now that china is disliked (3-3,5% yield).
But short term, nobody knows︇ of course.
That said, S-Reits etfs like CLR.SI look pretty attractive to me at︄ this moment. Good source of regular income (5-6% yield with no tax) from real estate︅ in a place where land is scarce. Also the tracker fund of hkg looks pretty︆ good in valuation now that china is disliked (3-3,5% yield).
But short term, nobody knows︇ of course.
Just because a situation is good now, doesn't mean it will be in the︀ future. Geographically speaking all your eggs are in one basket. Panama is great, but how︁ do you know what it would be like in the future?
If you added trusts,︂ foundations, corporations in other countries you are diversifying your geopolitical risk.
Also, most people here︃ care about minimizing risk. Your argument is like saying "I'm going for a car ride︄ but I'm not likely to crash so I don't need a seatbelt. Convince me otherwise."︅
I want my money as secure as possible.
If you added trusts,︂ foundations, corporations in other countries you are diversifying your geopolitical risk.
Also, most people here︃ care about minimizing risk. Your argument is like saying "I'm going for a car ride︄ but I'm not likely to crash so I don't need a seatbelt. Convince me otherwise."︅
I want my money as secure as possible.
I feel that as long as there is no other canal in central America, Panama is as safe as it can get. If they suddenly get a socialist government who wants to break the status quo, pretty sure the US will get there to do what they already did: Keep the canal working in the way they want
still living the simple man life
I do not mean to be disrespectful sir, but if you are really willing to put the effort and money to get the residency, a few bucks for being able to DM won't hurt. Please understand I have to deal with many wannabes that eventually want nothing. That said,
On my side, if we reach an agreement, I will provide you with the best solution for your personal situation, no extra unneeded, pricy bs. And I will︀ gladly help you on the ground if you eventually decide to come to beautiful Panamá.︁
Have a good one.
I do not mean to be disrespectful sir, but if you are really willing to put the effort and money to get the residency, a few bucks for being able to DM won't hurt. Please understand I have to deal with many wannabes that eventually want nothing. That said,
On my side, if we reach an agreement, I will provide you with the best solution for your personal situation, no extra unneeded, pricy bs. And I will︀ gladly help you on the ground if you eventually decide to come to beautiful Panamá.︁
Have a good one.
- Status