Ownership and Holding of Properties by Foreigners Panama is one of several Latin American countries that welcome foreign investment into real estate, by allowing full ownership of property by citizens of any country. Added to other advantages such as use of the U.S. dollar as legal tender, a legal system for accurate registration of property …
A trust is not a legal entity. It is organized by way of a legal action, comprised in a document called the “trust deed”. It is prevalent in jurisdictions with the Anglo-Saxon legal system but there are occasions when it has been adopted by civil law legal regimes, as is the case in Panama . …
BVI COMPANIES The British Virgin Islands (“BVI”) are a British Colony located in the Caribbean. The BVI are autonomous from the United Kingdom, except with respect to their external matters, defense and internal safety. Its legal system is based on the English Common Law. English is their official language and their official currency is the …
Formation of British Virgin Islands and Panama Corporations Read More »
In 2004, Anguilla added legislation that provided for mutual funds, captive insurance and protected cell companies. The IBC (International Business Company) Act provides all the necessary features of this entity with enhanced shareholder protections. INCORPORATION Anguilla has an online company formation system, ACORN, which allows for the incorporation of IBCs, and other corporate entities, as …
INTRODUCTION A Private Foundation is a legal entity with its own existence and identity, which is used for family, religious, public or charitable purposes and can not undertake commercial activities as a regular objective as they shall not be profit oriented. It may nevertheless engage execute commercial transactions and businesses necessary to carry on its …
