His Law Office Caporaso & Partners offers legal assistance on:
Table of Contents
Foreign Residences and Citizenships
Transferring one’s residence abroad has been increasing for several years.
Quite often it has been caused by the tax burden that some countries put on certain levels of contributors.
Finding another residence amounts to being able to choose most enjoyable country where you want to pay taxes.
Modern technologies allow one to carry out many activities remotely/
We’re no longer tied to living in the country where we were born.
And there is even more reason if said country doesn’t know how to create opportunities for work and growth.
Win these cases, we here at Caporaso & Partners advise you to take up Residence in Panama.
The procedure isn’t complicated. It’s fairly short, depending on your country of origin, nor is it expensive.
In exchange, the advantages are enormous. When your income is produced in another country, you don’t pay taxes in Panama, zero taxes!!
Contact me through Whatsapp if you’re interested in our legal services in Panama +507 833 9512 or else, send an email to [email protected].
Foreign Citizenships
In recent years we have also noticed an increase in searches for a second passport.
Having dual citizenship and a second passport is considered to be very important these days.
Citizens who want to be provident and be able to be safe from social disorder or natural disasters or, in some cases, from fiscal persecution look for a second secure option.
This safety net is often found in countries that propose citizenship by investment programs.
In practice, by means of an investment made in such a country, you can obtain citizenship and a passport.
The testimony of many is that their dual citizenship lets them feel free and, above all, lets them feel in control of their own life.
Further, these countries are almost always very stable countries, with stable governments and with a predictable political line.
In practice, they are the ideal environment for doing business.
If you are interested in knowing more, please read a very detailed Report on how to obtain a Dual Citizenship.
Contact me through Whatsapp if you’re interested in our legal services in Panama +507 833 9512 or else, send an email to [email protected].
Constitution of an offshore company in Panama
The Offshore Company in Panama is a type of company that has a vast operativity and guarantees many privileges.
Many use it for both business activities as well as for protecting the patrimonies of private citizens.
In recent years even the so-called digital nomads have become users of offshore companies.
The online income of digital nomads in some countries is taxed at up to 50%.
However, from the moment they transfer their residence to Panama and open their offshore company, their income becomes completely tax exempted.
A big advantage when compared to their country of origin!
In fact, taxes on income generated outside of Panama, are not paid in Panama.
The same goes for taxes on capital gains, inheritances, patrimonies, dividends, etc., etc.: they aren’t paid.
The Offshore Company in Panama is the best place for operating foreign to foreign, such as importing from one country to export to another country.
In this case, if I’m interested in importing from Russia to then export to South America, it would be best if I do it from Panama.
Possible capital gains will remain in the offshore company and will be tax exempt.
This way, the businessman can reinvest much more and help his business grow much more quickly.
If you are interested in knowing more about offshore companies, read this article.
Contact me through Whatsapp if you’re interested in our legal services in Panama +507 833 9512 or else, send an email to [email protected].
Opening bank accounts in Foreign Banks
After opening your offshore company, you can go to a Bank and request to open a bank account.
Because of the new laws on transparency and the prevention of narcotrafficking and terrorism, you will have to be present in the Bank when opening your account.
Banks normally ask to see your utility bills to establish where your regular residence is located. Then they ask for a reference from one or two other Banks .
So, in case you decide to come to Panama, we have to first agree on the list of documents necessary for opening the account.
The Banks in Panama are very well-known throughout the world and are considered solid and respectable.
Panama is the second most-important banking market in America; it’s second only to New York.
With an account in Panama, you can do the ideal financial management for your business, paying suppliers or receiving money from clients and diverting cash to where you need it most.
If you want to know more, we have a published a fully complete Report on how to open an offshore bank account.
Contact me through Whatsapp if you’re interested in our legal services in Panama +507 833 9512 or else, send an email to [email protected].
Negotiation and resolution of banking conflicts
Our law office, Caporaso & Partners, has had to intervene on various occasions in negotiations for the resolution of banking conflict.
At times, we have intervened as mediators between the parties and in other occasions as representatives of the interests of one of the parties.
We have seen that when the dispute is between a Bank and one of its customers, it normally regards the violation of one of the bank’s norms or the customer’s lack of knowledge of said norms.
The customer’s “errors” are almost always involuntary or attributable to forgetfulness.
Foreign accounts are quite often left inactive for long periods.
However, banks have the habit of asking for periodic updates of data.
If they don’t receive an update in due time, they block the account.
And the customer only finds out about it when he makes a payment or requests a withdrawal, and it is refused by the Bank.
It goes without saying that these things shouldn’t happen.
They could be avoided by having an on-site Representative Agent would have informed you of the Bank’s requests so as to not reach these extremes.
As an attorney, I am the Representative Agent of many of my clients.
Therefore, they don’t run the risk of having to resolve a problem with their Bank.
For those who don’t have a Representative Agent but have to resolve a problem with their Bank, the best thing to do is to hire an attorney who is an expert on these types of legal questions.
Contact me through Whatsapp if you’re interested in our legal services in Panama +507 833 9512 or else, send an email to [email protected].
Tax Optimization and planning
Our law office, Caporaso & Partners, has a vast experience in tax optimization and planning.
What does it regard?
It is something that is much more complicated than it seems.
You need to be able to optimize the financial movements of an activity being developed in various countries and is subject to different tax treatments.
Having a good knowledge of the tax laws of the different countries involved is an obligation.
This way, our clients can save huge amounts of money.
Furthermore, basing ourselves on ”virtuous” management, we can put the basis for repeating the outline with the hopes of obtaining greater profitability from your financial management.
Contact me through Whatsapp if you’re interested in our legal services in Panama +507 833 9512 or else, send an email to [email protected].
I’m waiting for you in Panama!
