Is it game over for Panama/Caymans/BVI?

Is it game over for Panama/Caymans/BVI?

  • Yes

    Votes: 4 30.8%
  • No

    Votes: 9 69.2%

  • Total voters
    13
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Candoit

New member
My question is who in 2022 will ever consider these types of jurisdictions for structuring and offshore banking?

I mean the difficulties of opening and operating bank accouts, bad press, AEOI, having to go in person, CRS, FATCA, bullying from the EU, substance, etc, etc?
 

Offshr

New member
My question is who in 2022 will ever consider these types of jurisdictions for structuring and offshore banking?

I mean the difficulties of opening and operating bank accouts, bad press, AEOI, having to go in person, CRS, FATCA, bullying from the EU, substance, etc, etc?
These are mainly assets holding companies and SPVs.

For the part of your assets/ operations that are already offshore this is a perfect choice to reduce transactional costs.

Also incorporation in bvi/cayman provides clarity for co-ownership of business with your partners. It opens possibility to use shareholders agreements in accordance to English law, for example. Also it gives access to fair judgement for those business owners from the countries without proper judiciary system.

Not to mention multinationals that seems to use it forever for huge number of reasons.
 

romalo

New member
Panama works perfectly. No visit needed. Bank accounts, IBAN, credit card. have it all.
See topic:
 

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