The Benefits of Panama Based Corporations for Business, Taxes, and Cryptocurrency
For citizens of most developed countries you can stop paying most or all your taxes if you move abroad and meet certain requirements. Becoming a non-tax resident in your home country is one of the most powerful strategies for optimizing wealth if you can work, run a business, invest, or trade cryptocurrency remotely.
Americans citizens have more challenges, but there are strategies for tax minimization there as well. They have the $107k per person per year foreign earned income tax credit. If they move abroad, spend 330 days out of the States, and structure their finances and business they
Most countries do not charge tax on income you earn abroad. Between the decreased cost of living and massive tax cut it can mean the difference between normal and early retirement. Maybe really early. That’s why I think more people should consider it.
This is where I have found we can help people. Setting them up with structure and resources to enable them to control and protect their assets. And to help them retire early, allowing them to do more of what they want with their time. The truly irreplaceable resource.
There are some financial and incorporation strategies that I’ve found to be extremely useful for people looking to make the move abroad. I’m partnered with Think Safe Consulting in Panama. A legal, corporate and accounting consultancy that sets people up with corporations, bank accounts, and cryptocurrency trading accounts.
Panamanian banks are well know for their professionalism, ease of capital transfers, and their stability. Panama is ranked 14th in the world for the stability of it’s banking system according to the World Economic Forum. Given it’s relatively small population this is an excellent rating, ahead of most European countries.
In addition - for cryptocurrency investors and traders it’s possible to set up trading accounts linked to your Panamanian corporation and bank account. Given the low 5% tax rate compared to the most developed countries this can be an enormous savings. You can see why people have been getting involved.
We are offering all of the above services: corporation set up, corporate bank account, personal bank account, cryptocurrency trading accounts and precious metals trading accounts. Plus the ongoing corporate compliance and accounting services you’ll need. So you don’t have to lift a finger on it.
The best part is you don’t need to go to Panama to set it up. You can do it all remotely.
The current packages and prices for these services are as follows:
BASIC PACKAGE $5,000
Panama Corporation
Corporate Documents
Panama Corporate Bank Account
ADVANCED PACKAGE $6,000
Panama Corporation
Corporate Documents
Panama Corporate Bank Account
Set up for two Corporate exchange account FTX,Binance, Bullionvault or others
Complete management of the exchange account process.
PREMIUM PACKAGE $7,000
Panama Corporation
Corporate Documents
Panama Corporate Bank Account
Set up for four Corporate exchange account FTX,Binance, Bullionvault or others
Complete management of the exchange account process.
If you just run an online business, consulting company or don’t need the cryptocurrency trading accounts then the Basic Package may be for you.
If you do have crypto or want to get into it, and want the connection with a couple of accounts like Binance and FTX, then the Advanced Package excellent.
Then if you want all the above plus more crypto trading accounts and precious metals then the Premium is the one to go with.
As mentioned for all of these you don’t need to go to Panama. It can be done remotely with our team. It’s easy and saves time and money on the travel, accommodation, and related expense of having to go down in person.
In addition we look after all of your ongoing and compliance needs going forward. This includes accounting services, ongoing corporate compliance, and mail forwarding if you need it.
If you’re thinking of moving abroad and want to set up a low tax corp, reduce taxes, protect assets, trade Bitcoin, alt coins, and hold funds the Panamanian corporation is the choice. It’s inexpensive relative to the savings that can be generated, and it’s easy to set up and use. If you want to connect about this you can use the form below:
Your resources, your choices. I’d be happy to help if you chose so. For the Panama based corporations you can email me at joel@thinksafec.com
Joel Stott-Jess
Cell / WhatsApp / Telegram: +505 8176 8624
Skype: joelstottjess
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Joel Stott-Jess is a New York Times featured speaker, writer and real estate broker based in Central America.
Originally from Alberta, Canada he has been doing business in Central America since 2014.
