Business.
Establishing a panama financial services corporation - in panama, you can establish your very own financial services corporation. But it will be different from other corporations because you will have a license to engage in financial activities in Panama.
This corporation is going to be established and be essentially the same as any other SA Bearer Share corporation in Panama. - as with all other corporations in panama, your privacy will be protected and actively guarded. But since records are not kept about the ownership of the corporation, then your anonymity is guaranteed. The license and all documents will be in the name of the corporation, and the officers of the corporation may be people who do not have any shares in the corporation and are there only through your appointment. If you establish a financial services corporation in Panama, your license will give you the liberty to provide general financial consulting services to other corporations, individuals and other business and legal entities in Panama. As a financial services corporation, you have the right to offer your payment processing services to debit card and credit card companies. When you have the license of a Panama financial services corporation, you will have the power to offer payment processing services in Panama.
A financial services corporation in Panama can also offer what is commonly known as accounts receivable financing. - as a panama financial services corporation, you can buy other businesses? accounts receivable at a discount. This is also known as factoring. These accounts receivables are typically converted to cash within one to three months. The financial services corporation earns money through the actual value of the accounts receivable and the amount used to purchase them. Through factoring, businesses short on cash can finance their business operations on the basis of expected income. As a financial services corporation in Panama, your license also entitles you to do some trading of precious metals.
Your type of license will allow you to do only one of two things in this scenario: buy and sell wholesale OR buy and sell retail. - you are allowed to buy and sell gold, silver and platinum. In the latter case, your corporation? s directors should be Panamanians. So in this case, your corporation can offer money changing services. Finally, a Panama financial services corporation also has the license to trade foreign currency. However, you have to make sure that you follow the stipulation that requires you to file a monthly report of foreign currency trading transactions handled that are more than$ 10, 00 But a financial services corporation in Panama is not authorized to perform all the functions of a bank. Your corporation is not authorized to offer financial administration services and you cannot represent yourself as a debt collection agency.
To illustrate, you cannot receive direct deposits like the banks can. - if you are thinking of forming an offshore corporation in panama that offers you anonymity, as well as, asset protection a decent income earning potential, then a financial services corporation may be just the perfect option for you.