A few weeks ago I requested a certificate of good standing for one of my offshore entities from my registered agent. One of my banks has started requesting a new certificate each year as part of their client due diligence. Every year is overkill in my view, but it’s either provide the certificate or have […]
Using the wrong type of entity can create tax and administrative issues that can be costly to remedy… especially for Americans. If an American uses an S.A. (Sociedad Anonima) from Panama to hold passive-income-producing investments, for example, he can
The term “offshore” is much in the news right now and not in a good way. It’s being associated with illicit activities by corrupt politicians and criminal organizations. The global media is having a field day with the so-called “Panama Papers.” Right now the focus is on politicians with offshore companies. Next will be other […]