Ismael Gerli News

Ismael Gerl News - Panama: Comes without Taxes

2008-06-25T08:43:00.000-07:00

Panama: Comes without Taxes

Basically, taxes are monetary charges obliged by a governing body to be paid by individuals or a corporation. Taxes are either direct or indirect and may also be paid through labor. It is compulsory; therefore everyone under the power of the governing body is subjected to pay these taxes. A few types of taxes are value added tax, sales tax, inheritance tax, income tax and capital gains tax.

The governing body shall be in charge of collecting these taxes and shall use these taxes to benefit the whole of the territory wherein its power resides. Such uses are public works, creation of economic infrastructures, law enforcement, government operation and war expenses. Public services such as educational provision, health care, public transportation and senior citizens’ pensions are also included. Lastly, public utilities are also developed for the betterment of the society in terms of its operation and maintenance of waste management and resources such as water and energy.

The latest trend in corporation establishments and banking ventures lies in offshore. More and more people find going offshore as the most practical and beneficial means for business ventures and this is definitely more profitable. Centers for offshore industry formation are countries with almost zero tax policies. One of the most popular centers for this type of venture is Panama.

Taxes are vital for corporations and bank accounts. The less tax to pay, the better it would be for these industries. Because of the minimization of taxes to be paid in Panama, offshore involved companies, corporations and individuals are enabled to maximize profit and give more attention for their own improvement. In Panama, taxes on capital gains, corporate and inheritance are not imposed on incomes that are gained from offshore business ventures. With these features and benefits, there is no doubt that Panama truly is a center for offshore company, corporation and bank accounts formations.

To obtain information, please contact us at info@gerlico.com

Ismael Gerl News - Panama Trust Law and Panama Corporation Advantages / Improvements.

2008-06-25T08:40:00.000-07:00

Panama Trust Law and Panama Corporation Advantages / Improvements.

The executive branch of Panama has enacted decree 5 of 1997. This contains the necessary changes to the Commercial Code and Law 1 of 1984 on Panama’s trust. These changes were made so that Panama can encourage a more beneficial growth of the rapidly burgeoning financial industry in the country.

The new legislation provides the following advantages to clients:

a) Improve documentation on pertinent records for business associations who are operating locally in Panama;
b) Enable more flexibility on procedures and documentation for companies and trusts in Panama;
c) And update provisions in stock brokerage and pledges.

Some of the new provisions are:

1. Provisions are added to Article 11 regarding the commercial code for redomiciliation. Foreign corporations are also required to submit these documents if they wish to be licensed under Panama´s Law: Certification of good standing from the original jurisdiction; Minutes of the meeting which proves they agree with the redomiciliation; and amendments of the articles of incorporation corresponding with Panama´s Law. Once the documents have been submitted and recorded, the corporation may continue to operate under the laws of Panama.

2. Corporations in Panama are not allowed to operate under the laws of a foreign country and redomiciliate overseas if they owe corporate franchise taxes.

3. Through a lawyer in Panama, a corporation can reserve a name for 30 days when the public registry verifies its availability. The fee costs $25.00. The corporation can also request for a financial statement which will be provided by a certified public accountant.

4. As long as the corporation´s representatives have directly communicated with each other, they can fax contracts or through other electronic means they deem appropriate. This is also applicable to the other members as long as it is supported by minutes of the meeting to prove that they had direct communication.

To obtain information, please contact us at info@gerlico.com

Ismael Gerli News - Panama: The Ultimate Offshore Destination

2008-06-25T08:38:00.000-07:00

Panama: The Ultimate Offshore Destination

The Americans has just lately stopped maintaining Panama and its governance. Under the guidance of the United States however, available potable water, improved transportation facilities, skyscrapers, electrical systems and better telecommunication services are now available in Panama. Not a bad deal, right?

Fortunately for those individuals interested in offshore ventures, Panama also offers one of the most competitive and competent offshore services ever. Not only can Panama get you going with your business, this paradise can also settle you comfortably into the offshore scene just through efficient communication methods.

Panama treats banking licensure very seriously. This is the reason why offshore clients are offered banking services only by those duly recognized and licensed under the Panama Law. Deposits may be quite large ranging from $100,000 to $10,000,000, depending on the Offshore Banking license concerned. But great banking services are promised. With their online transaction, where even overseas deals are possible, Panama further impresses potential offshore clients.

Furthermore, banks within Panama are properly formed and can truly function at their best. Insurance is offered for loans and savings on the accounts of certain individuals. Privacy of assets, affairs and transactions are completely implemented. Thus, you are rest assured that you go through secured of the thought that nothing unfortunate will befall to your assets or business.

Believe it or not, Panama is also known to be a crime free country. While preserving all that your have invested and helping you harvest more from your hard work, Panama is also involved in acts of narcotics dealing and money laundering. Panama can even deal with issues concerning child pornography and terrorism. But in order to fully operate investigative actions to fight against these crimes, a request for information form regarding these evil-doers must be filed. Once this is approved, those records and documents that can prevent these illegal acts to continue is constrained and thus illegal actions are hereby stopped. But civil cases are not covered by these Panama conditions. Such civil cases include bankruptcy, civil litigation and tax matters.

To obtain information, please contact us at info@gerlico.com

Ismael Gerl News - Offshore Myths

2008-06-25T08:36:00.000-07:00

Offshore Banking Myths

If you are still wondering about other mistakes people have made in these regards, however, this article will provide you with five more popular misconceptions. You will be able to see how these misconceptions play into faulty decision making and how Panama excels as an offshore banking jurisdiction.

Myth #1: Offshore banking is difficult to setup.
One common mistake that is made is that people assume that when they get an offshore bank account they will get a number, like the old Swiss accounts had. Truth be told, this was not a very good system as the Swiss would only give out money to a person who had this exact number and losing it could mean a huge loss in assets and money. How could you possibly ensure that your mind or a piece of paper will survive the test of time? Panama, instead of using these unreliable numbered accounts, has changed to allowing people to put their assets under a bearer share corporation. This means that you can hold the shares at all times without anyone knowing and trade and sell them as you please. Much easier than numbers, right?

Myth #2: One offshore jurisdiction is as good as another.
Another common misconception is that location (jurisdiction) does not matter for an offshore bank. This is very false and can be very dangerous to one who isn´t very careful. Many offshore banks are on small islands that are surrounded by nothing but water, volcanoes and danger. Think about it. Monsoons, flash floods, hurricanes and lava. All coming toward your bank. Is your money going to be safe when the bank you put it in no longer exists? Panama is in a geographically safe location and is the best bet against small islands which present these dangers.

Myth #3: It doesn't matter what currency my offshore bank account is in.
How about currency? Almost every country has their own, but it doesn´t matter right? You can always convert that money into dollars or euros easily. Wrong, it costs money to convert currency. And while that money may seem insignificant now, it has its ways of adding up as you start to convert more and more. Panama uses the US dollar and requires no conversion. Why add more complications to offshore banking?

Speaking of the United States dollar, is it really the currency you should choose to use in this day and age? After the attacks and economy struggles, wouldn´t the euro be a safer bet. This is a very popular misconception that affects decisions on more than just offshore banking. While the euro may have more value than the dollar does now, it is important to note how long the United States currency has been in issuance as opposed to the euro. In addition, the dollar is at about its low peak right now, that means it probably will not drop any lower. In fact, you would be a fool to bet that it would drop lower. Investing in euros doesn´t make sense when the United States economy has nowhere to go but up. Stick with dollars, which you can easily use in Panama, and you will be fine for the future.

Myth #4: Offshore banking is illegal for US citizens.
Another misconception is that offshore banking is illegal. Why would you think that? It is not illegal to own an offshore bank account and you can check with your lawyers if you do not believe us. Did you know that offshore bank accounts are used by many large, well known, fortune 500 companies in the United States.

Myth #5: Offshore banking is primarily used for tax evasion.
Offshore banking can be used for tax planning to reduce your taxes legally. One of the most popular reasons for using offshore banking is asset protection. Foreign governments do not comply with requests from US, European, or Canadian judges demands. Money stored in an offshore bank account is safe from all kinds of domestic threats.

Myth #6: Offshore banking is only effective for rich people.
This is true in some jurisdictions. For example Lichtenstein banks require a minimum of $750,000 to start up. Fortunately countries like Panama are accessible to the average person. The truth be told, countries like Switzerland with these difficult to meet requirements are outdated and not of much value anyway. Many consider Panama to be the new Switzerland.

Myth #7: Offshore banking is for criminals.
It is true that criminals can use offshore jurisdictions to hide their illegal money. This is a sad side effect of banking privacy. What you have to remember is that most people who engage in offshore banking are just trying to protect their assets. Many fortune 500 companies have offshore bank accounts.

To obtain information, please contact us at info@gerlico.com

Ismael Gerli News - Why Panama?

2008-06-25T08:32:00.001-07:00

Why Panama?

Visit Panama and take the opportunity to live in a cosmopolitan city, close to a rich and exuberant rainforest.

Panama is a country with a unique geographic and strategic position and more than a century experience in International Commerce. The name PANAMA was given by native Indians and it means abundance of trees, fish and butterflies. Through times, the meaning of abundance includes The Panama Canal, its big ports in both the Pacific and the Atlantic oceans, a profitable Free Zone in Colon City, an International Banking Center, all of which makes of Panama one of the best countries in the world for national and international commerce and investment, as well as an outstanding place to retire safely and peacefully.
So, selecting an offshore jurisdiction is an integral part of establishing an offshore structure or financial account. The jurisdiction that you choose should have at the very minimum, the following characteristics:

1. A Full Fledged Tax Haven - no capital gains tax, no interest income tax, no inheritance tax, etc.

2. Favorable Incorporation Laws - the corporate laws of the country should enable you to hold "Bearer Shares", have directors from any country, inexpensive, and be able to incorporate Private Interest Foundations.

3. Stable Currency With No Currency Restriction Regulations - there should be no restrictions on the movement of funds in or out of the country.

4. Strict Privacy Laws - there should be strict privacy laws that protect your banking information and corporate book information from anyone, including foreign governments.

5. Stable Government - the government of the country should be stable and should use the opposite legal system of your domestic country (if your country uses common law, you should seek a country that uses roman law). The country should be safe to visit.

6. Stable Economy - the economy of the country should be stable.

7. Excellent Banking System - the banking system of the country should be advanced both in areas of banking infrastructure, government auditing, and technology.

8. Excellent Communications System - the communications systems of the country should be technologically advanced in comparison with first world countries.

9. Language Compatibility - the language of the country should be suitable for your understanding.

10. Time Zone Compatibility & Close Location - the time zone of the country should be such that you can contact your offshore provider or financial institution during your normal domestic business hours & fly to the country quickly if necessary to handle business.
After careful research, you will find Panama to be the ideal jurisdiction for your offshore needs. The Panama corporation law was promulgated over 70 years ago and has since been copied by many of the other tax haven nations such as Bahamas, St. Vincent, Bermuda, Belize, etc. Panama is one of the most popular places in the world to incorporate, with currently over 350,000 registered entities. Panama also offers the Panama Private Interest Foundation, which is one of the most useful asset protection and estate planning vehicles available today.

Panama offers the following benefits and advantages.

1. Panama is a 100% Tax Haven: Non-resident Panamanian International Business Corporations (IBC's) and Private Interest Foundations do not pay tax on any of their income (as indicated below), nor do they have any reporting requirements to the Panamanian government.
- No income tax.
- No capital gains tax.
- No interest income tax.
- No sales tax.
- No tax on issuance of corporate shares.
- No tax to shareholders.
- No stock sale or transfer tax.
- No capital stock tax.
- No property tax.
- No estate tax.
- No gift tax.
- No stamp tax.
- No succession tax.
- No inventory tax.

2. Panama offers the most favorable and most flexible incorporation laws available in the world. Private Interest Foundations are also available, and are one of the most widely used estate planning structures in the world today.

- It is the registered domicile for over 400,000 corporations & foundations, making it the second most popular jurisdiction to incorporate in the world, next to Hong Kong.
- Panama does not impose any reporting requirements for non-resident Panamanian corporations.
- Panama does not allow "piercing the corporate veil".
- Panama corporations share certificates can be issued in Nominative or Bearer form (anonymous form of ownership), with or without par value.
- Panama corporations do not require Paid-In Capital, nor is there a time limit in which authorized capital must be fully paid.
- Panama corporations directors, officers and shareholders may be of any nationality and resident of any country.
- Neither the directors nor the officers of Panama corporations need to be shareholders.
- Meetings of directors, officers, and shareholders may be held in any country and accounting books may be kept in any country.
- It is not necessary for the interested parties to be present in Panama for the purpose of establishing a corporation.
- Corporations conducting business outside of Panama do not require a commercial license for offshore business activities.

3. Panama's circulating currency is the US Dollar, and Panama has no currency exchange controls or currency restrictions so funds can flow in and out of the country freely.
- Panama uses the U.S. dollar as its legal tender (currency), instilling tremendous fiscal and monetary discipline while keeping inflation very low - under two percent for the last 40 years.
- A dollar economy insulates Panama from global economic shocks. During the Asian monetary crisis of 1998, Panama became one of the healthiest economies in Latin America.
- No currency exchange controls. Panama has no restrictions on monetary remittances abroad, including dividends, interests, branch profits and royalties.
- No restrictions on funds flowing in or out of the country.

4. Panama continues to maintain what we consider to be the most solid banking and corporate book secrecy laws in the world, which are engraved in its' constitution. With Britain's proposed regulation for removal of bank and corporate book secrecy in the UK offshore territories, it is clear that Panama remains the most secure offshore financial center - where privacy and confidentiality is not only respected, but vigorously protected by constitutional law.

- Panama offers the best bank secrecy laws in the world.
- Panama offers the best corporate book secrecy laws in the world.
- There is no such thing as "piercing the corporate veil" in Panama.
- Revealing banking information to third parties is a crime, punishable by prison.
- Panama has no mutual legal assistance treaties (MLAT's) for sharing of banking information with any other nation and does not recognize court rulings from other countries. (Under the new laws, they make exceptions in cases of drug money laundering or drug smuggling)
- Panama Corporations offer "Bearer Shares", allowing shareholders to maintain 100% anonymity and privacy.
- Panama Private Interest Foundations allow for Private Protectorate Documents and Private Letters of Wishes, enabling controllers (Protectors) and beneficiaries of Private Interest Foundations to remain 100% anonymous and private.

5. Panama has what is considered by government analysts to be the most stable government in all of Central or South America.

- Democratic government since 1990. The Government of Panama is headed by the executive branch, which is composed of a president and two vice presidents, democratically elected for a five-year term by direct vote.
- Mireya Moscoso, 52, assumed power on Sept. 1, 1999 after winning the presidential elections held on May 2. Moscoso is the country's first woman president and the leader of a country at a moment of great historical importance as the Panama Canal begins a new era under Panamanian administration.
- The Panamanian military was abolished by constitutional amendment in 1994, and the government still has a unique security arrangement with the U.S. due to the Neutrality Treaty of the Panama Canal. As a result, the risks of going back to the earlier military regime are virtually non-existent.
- Stable government with excellent government infrastructure.
- Pro-business government attitude and policy.
- Roman law system.
- Moody's has issued Panama a sovereign debt ceiling of Ba1 and Standard & Poors has assigned a default-risk rating of BB+.
- Panama is a peaceful country with no military. Unlike many neighboring countries, personal security concerns are limited. Panama has the lowest crime rate in all of Central and South America.

6. Panama's economy is one of the most stable, prosperous, and most advanced in all of Central and South America.
- Panama is home to the second largest international distribution and trade center (free trade zone) in the world next to Hong Kong. Panama's Colon Free Zone has over 1500 international import/export businesses operating within it, receives more than 250,000 visitors yearly, and generates exports and re-exports valued at more than US$11 billion annually.

To obtain information, please contact us at info@gerlico.com

Ismael Gerli News - Why Go Offshore?

2008-06-25T08:28:00.000-07:00

Why Go Offshore?

People use offshore corporations and foundations for several reasons including Offshore Asset Protection, Confidentiality, Privacy, Tax Minimization, Investment Diversification, International Trade, Estate Planning, and much more. A carefully designed corporate strategy using a Panama Corporation and/or Private Interest Foundation can assist you with each of the above mentioned areas.

1. Offshore Asset Protection:
By transferring your assets to a Panama Corporation and/or Foundation, you are automatically protecting your assets to the fullest extent. Without asset protection, you could suddenly lose everything you've worked so hard for. We live in a "litigious society", but do you know what that means to you? Lets take a look:
- 9 out of 10 lawsuits in the world are filed in the United States. The US has the highest rate of lawsuits in the world, followed by the UK, Canada, Australia, and New Zealand.
- A new lawsuit is filed every 30 seconds in the US. It is estimated that there are over 100,000 law school students in US law schools right now.
- If you own a business or practice a profession, you have one chance in three of being named a defendant in a lawsuit in the next year, and it is only getting worse.

Why you must act NOW to protect yourself:
Many people are completely unaware of one important legal fact of life...
Once someone files a lawsuit against you - or makes any other type of claim on your assets - it's too late to try to protect your wealth, 'get rid of it,' or move it offshore. (To do so is called "fraudulent conveyance" or "concealment of assets" - crimes in themselves.)
That means, if you wish to protect yourself, you have to act now, before it is too late. You must move your wealth offshore ahead of time for your asset protection plan to do any good. If you wait until you're facing trouble, you will certainly be out of luck.

If you quietly and inconspicuously move a portion of your wealth to a private, offshore corporate account, it can be virtually out of reach from anyone who might try to seize everything you own, whether it be a lawsuit or even a governing authority who decides to freeze your assets.
This is where your private offshore corporation and offshore bank account can come in very handy. Your private corporate account, held by a foreign bank in a country with the strongest bank-secrecy laws on earth is truly the best asset protection you'll find.

You could be left penniless and in debt by any of the following:
- A negligence or injury claim, whether justified or not, that exceeds any insurance coverage you may have.
- Breach of contract through no fault of your own.
- A professional malpractice lawsuit.
- Lawsuits from disgruntled business partners or employees.
- Divorce.
- Huge fines for violating state or federal law due to actions of an employee.
- Claims from creditors if your business should fail.
- Catastrophic medical bills.
- Seizure of your home or other assets without due process by the customs or other government agencies with forfeiture power, including the IRS seeking federal income tax collections and other income tax debts..
- A huge federal income tax bill and escalating penalties following an IRS or Revenue tax audit.

2. Confidentiality & Privacy:
Many people move assets by creating a company offshore simply because they are tired of intrusion into their financial privacy in their home countries. Today, citizens from the US, Canada, UK, Australia, New Zealand, and many other countries have zero privacy in their financial affairs, spending patterns, medical records, etc. One of the main reasons that Panama is one of the most popular jurisdictions to incorporate offshore is because Panama offers the utmost in privacy and confidentiality.

IBC ( International Business Center ) is another way of describing an Offshore Corporation. An IBC Bank account provides an additional shelter and asset protection
- Panama offers the best bank secrecy laws in the world with an Offshore Bank Account.
- Panama offers the best corporate secrecy laws in the world.
- There is no such thing as "piercing the corporate veil" in Panama.
- Revealing banking information to third parties is a crime, punishable by prison.
- Panama has no mutual legal assistance treaties (MLAT's) for sharing of banking information with any other nation and does not recognize court rulings from other countries.
- Panama Corporations offer "Bearer Shares", for shareholders to maintain complete anonymity and privacy.
- Panama Private Interest Foundations allow for Private Protectorate DocumentsPrivate Letters of Wishes, enabling controllers (Protectors) and beneficiaries of foundations to remain completely anonymous and private.
worldwide. and

3. Income Tax Minimization:
You can minimize your domestic income taxes by using Panama Corporations for international trade, investments, domestic business ventures, etc. Panama is one of the most popular jurisdictions in the world to incorporate because Panama is a 100% tax haven. Panama corporations and foundations offer the following tax benefits:

No income tax.
No capital gains tax.
No interest income tax.
No sales tax.
No tax on issuance of corporate shares.
No tax to shareholders.
No stock sale or transfer tax.
No capital stock tax.
No property tax.
No estate tax.
No gift tax.
No stamp tax.
No succession tax.
No inventory tax.

3. Investment Diversification:
Many people use offshore corporations to take advantage of offshore investment opportunities and diversify their investments internationally. Many countries (such as the US) have laws which restrict their citizens from investing in offshore mutual funds, stocks, or offshore private placement investments. Panama corporations and foundations are not restricted from any type of investment in the world.
Through the insured offshore corporate brokerage account that we offer with our corporate packages, you can invest in any domestic or offshore mutual funds, stocks, bonds, options, money markets, etc. on any major exchange around the globe.

There are several advantages to doing your offshore investment business in Panama:
- Panama is home to the second largest international banking center in the world next to Switzerland.
- Panama's circulating currency is the US Dollar.
- Panamanian banks pay higher interest rates on USD savings accounts and CD's than any other banks do.
- Panama has a very sophisticated, developed, and stable banking infrastructure. To obtain a banking license to operate a bank in Panama, it takes over US$15 million in required capitalization, not to mention additional government fees, regulatory building requirements, extensive references, audits, etc. In other jurisdictions such as Bahamas, St. Vincent, Grenada, St. Kitts, Nevis, Vanuatu, Montenegro, and many other countries, one can obtain a banking license for as little as US$50,000.
- Panama's Stock Exchange is of the most advanced in Central & South America.

- Panama is home to the second largest international distribution center (free trade zone) in the world next to Hong Kong. Other tax havens such as Bahamas, St. Vincent, Turks & Caicos, Vanuatu, Isle of Man, Antigua, etc. are nothing but tax haven island nations who depend on tax evaders and tourism. Panama is a genuine international business trade and banking center, not just a tax haven.

4. International Trade:
Panama corporations are extremely useful for international trade. Panama is home to the second largest international distribution center ( tax free zones ) in the world next to Hong Kong. Many of the worlds largest companies such as (Tommy Hillfiger, Sony, Panasonic, etc.) set up distribution centers in Panama's tax free zones. Since the Panama Canal is strategically located in the center of the Western Hemisphere, Panama is the perfect location for goods to be distributed internationally, and tax free. Panama's tax free zones allow companies to import and export products from Panama without any import or export taxes.
Many companies also use Panama corporations to "triangulate" their international trade business, for maximizing profits.

Let's take a true example of a client of Panama Offshore Services International, Inc.; A US Company imports shirts from Brazil. The US Company pays US$1 per shirt to their Brazilian supplier, plus US$0.25 per shirt for shipping, and US$0.25 per shirt for import duties (taxes) to the US. Hence, the US companies total cost for importing the shirts are US$1.50, plus their overhead and operation costs are approximately US$0.50 per shirt, meaning that their total cost of business is US$2. The US Company sells these shirts for US$10 each, earning a profit of US$8 per shirt. The US Company is then taxed on approximately 38% of the profit, meaning that they pay US$3.04 per shirt in taxes. They generally import and sell 10,000 shirts per month, meaning that they pay US$30,400 in taxes per month!

The US Company then decided to triangulate their business using an offshore corporation. By creating an intermediary offshore distributor in Panama, the US Company was able to minimize their US taxes, and accumulate wealth offshore in a tax free environment. Now, instead of their US Company buying directly from the Brazilian supplier, they order from the Panamanian company for a market up price. In essence, the US company orders10,000 shirts from the Panamanian corporation for US$5.50 per shirt, then pays US$0.25 per shirt for shipping, plus US$0.75 per shirt in import duties, for a total of US$6.50 per shirt. Their overhead and operation costs are US$0.50 per shirt making their total business cost US$7 per shirt. They sell each shirt for US$10, now making a US reportable profit of US$3 per shirt, upon which they pay 38% tax, meaning that they now pay only US$1.14 per shirt, or US$11,400 per month in taxes. That is a monthly tax savings of US$19,000 per month, or US$228,000 per year!

5. Estate Planning:
Most of your estate could go to the government, not to your heirs. Because a corporation has a life of its own, a carefully designed corporate strategy allows you to care for your loved ones free from probate, inheritance taxes, and other legal and tax problems. Your heirs can inherit the assets that you leave for them, exactly as you left them, free of deductions or legal delays.

Panama Private Interest Foundations are the ideal estate planning entity for the following reasons:
- Foundations can hold assets such as corporations, bank accounts, brokerage accounts, real estate, or any other type of asset, free of taxes or reporting requirements.
- Foundations can have a nominee foundation council and the foundation council members can be from anywhere in the world or replaced at any time by the Protector.
- Foundations Protectors (controllers) can be appointed through a Private Protectorate Document, allowing the Protector to control the foundation privately and anonymously.
- Foundations Beneficiaries can be appointed by the Private Protector through a Private Letter of Wishes, allowing the beneficiaries to also remain private and anonymous.
- The Foundation and the Foundations beneficiaries have no reporting requirements and pay zero taxes when assets are donated to or received from the foundation.
- The Foundation can be used as a charitable entity, for receiving donations or donating to anyone that the Protector designates, free of taxes or reporting requirements.

Secure Your Assets and Start Now!

To obtain information for any of our key jurisdictions, please contact us at info@gerlico.com

Ismael Gerl News - Ismael Gerli, Byron Jerez y La Verdad Bien Dicha

2008-06-25T08:16:00.000-07:00

En Enero de 2001 Ismael Gerli renuncio a todas las sociedades anónimas hechas en ejercicio de su profesión como Abogado para el Sr. Byron Jerez.

El Sr. Ismael Gerli, jamás ha sido acusado ni es parte de ninguna acusación por parte del Estado de Nicaragua, jamás a actuado como testaferro de el Sr. Jerez, como han querido hacer ver los medios nicaragüenses, la Ley 32 de 1927 que regula la sociedad anónima en Panamá, contempla que se requiere para la debida constitución de las sociedades el nombramiento de una junta directiva, cosa muy distinta es ser un testaferro como los neófitos nicaragüenses quieren hacer ver.

Carmen Caballero es una difamadora, calumniadora que escribe sin fundamente y quizás motivada por interés oscuros que la hacen empañar reputaciones

Al día de hoy y ya desde hace algunos años Byron Rodolfo Jerez Solís es un hombre al cual es Estado Nicaragüense le ha restituido en todos sus derechos y bienes, toda vez de que ha sido absuelto por la justicia en todos los casos políticos que Enrique Bolaños le emprendió.

Hablamos con pruebas, escribimos con fundamente en documentos jurídicos y de órganos jurisdiccionales, no en publicaciones temerarias pagadas.

Como prueba incluimos La renuncia de Ismael Gerli a las Sociedades

Ismael Gerli News - Panama Offshore Services

2008-06-25T07:45:00.000-07:00

The legal of staff of PANAMA OFFSHORE SERVICES brings you a wide range of professional knowledge to our clients needs. Our staff is made up of professional offshore consultants and attorneys who are experienced in the offshore business and understand the international investment and asset protection strategy.

We can have your Panama Corporation or Foundation up and running in a matter of days. Unlike other offshore providers who purchase from actual legal firms and resell to their clients, when you buy from us, you are buying directly from the source! Our Panama attorneys are directly registered with the Panama Public Registry and can set up entities faster than most other providers.

Simply complete a secure online application, and send us as little a setup payment for your Panama Corporation or Foundation. In a matter of a few days, you will have peace of mind, knowing that you have taken serious steps to financial privacy, protecting your assets, minimizing taxes, and diversifying your investments.

These are the advantages that gives you our offshore services:

Our offshore services are an ideal tool to ensure the safe custody of your patrimony, not only in the Republic of Panama, but worldwide.

We focuse on providing accurate and efficient services for its clients. Within our range of services , we offer several areas of practice focused to make our customer life easier.

Ismael Gerli´s PANAMA OFFSHORE SERVICES will provide solutions to you,in every aspect of the offshore industry. Is not just about set up corporations, we want to offer you the tools to make your money productive with confidentiality.

Take a look at to our main services:

Panama Offshore Corporation
Panama is considered the most attractive offshore jurisdiction in the world, due to bearer shares, strong bank secrecy, investment framework, geographic position and tourism oriented environment. More info

Offshore Private Interest Foundation
A Panama Private Foundation is an entity created to protect assets, to give anonymity, privacy and estate planning purposes. As well these entities are created as share holders, giving the customer extra security and confidentiality. More info

Investment and Business
Nowadays, the main offshore investment around the world would be without a doubt is real estate. There is several jurisdiction with good and stable regime, for example in Panama the bank secrecy is very strict; there are no Tax Agreements between Bahamas and other countries More info

Offshore Bank Account
The difference between Panama and other offshore jurisdictions, is that Panama strongly enforces its bank secrecy laws. Also you could, of course, sue the bank for any violations as well. Your Panama Bank Account can be in US Dollars or in Euros. More info

Offshore Yacht Registration
The main purpose of the yacht registration in Panama, Belize, BVI or the UK, is to provide proof of ownership, while having experts like GERLICO OFFSHORE In Panama that develop a tax optimized structure, that will enable safe enjoyment of the vessel without burden or worry of taxation issues. More info

Tax Optimization, Tax Planning, Fiscal Planning
We provide guidance to our clients on how to structure their operations in such a way as not to produce tax expenses greater than those legally established and inform them on exemptions, fiscal benefits of certain operations and fiscal news of interest. More info

Estate and Patrimony Planning
The mission of GERLICO OFFSHORE is not to create a fraudulent tax evasion mechanism, but to provide tax optimization advice, that will ensure the optimization of tax burden, in daily activity , as well as in those that are related to Estate Planning to ensure education, transfer of wealth, wealth management by appropriate means of investing and transferring funds is attained. More info

We can assist you from our headquarters in Panama we provide a full range of offshore legal services. Just contact our experienced, Multi-lingual and highly qualified advisors to Start Now!

Ismael Gerli News - Panama Maritime Consultants

2008-06-25T07:31:00.000-07:00

Panama Maritime Consultants provides legal services for maritime matters of all types. These range from routine transactions, such as registration of vessels and ship mortgages, to more complex issues, including litigation, ownership transfer, finance transactions, and drafting maritime contracts or credit and security instruments.

Panama Maritime Consultants is a subsidiary of the prestigious Law Firm GERLICO. It was established in 1992 by Mr. Ismael Gerli, ranks as one of the finest Panama Law firms with jurisdictions in the Bahamas, the British Virgin Islands, Seychelles, Panama, Delaware, Hutt River Province, Belize and Samoa .

Ismael Gerli and the staff of Panama Maritime Consultants brings a wide range of professional knowledge to your needs. Our staff is made up of professional consultants and attorneys who are experienced understand the international investment strategies.

After 15 years of practice and international recognition, the organizational structure of GERLICO remains rock solid and growing.

GERLICO has always develop solutions to the clients' needs at a reasonable cost, with improved levels of professionalism and dedication towards clients. Our services are an ideal tool to ensure the safe custody of your patrimony, not only in the Republic of Panama, but worldwide.

The staff of Panama Maritime Consultants brings a wide range of professional knowledge to your needs. Our staff is made up of professional consultants and attorneys who are experienced understand the international investment strategies.

Panama's strategic location at one of the major crossroads of the world's shipping lanes, the expanding maritime services industry, and the Panamanian Merchant Marine, today the largest in the world, are just some of the factors, which have contributed to significantly increasing the importance of Panama’s maritime jurisdiction.

There are two maritime courts in the Republic of Panama with exclusive jurisdiction over maritime claims, including those involving accidents while transiting the Panama Canal, which since the year 2000, are no longer subject to U.S. jurisdiction.

The Panamanian ship registration laws offer very flexible terms and affordable costs for maritime vessels registered in the Republic of Panama. One of the primary advantages for registering pleasure yachts, is that there is a flat registration fee, regardless of the size or tonnage of the marine vessel.

Within our range of services , we provide solutions in every aspect of the maritime industry focused to make your life easier.

Take a look at to our main services:

Ship Registry and Finance

Vessel and Yatch Registration

Naval Mortgages

Maritime Litigation

Offshore Company Formation

If you need more information our staff will provide you with the information you need quickly, efficiently, and professionally. Simply contact our professional bilingual staff of lawyers and provide us with your needs.

GerliCo. - Ismael Gerli´s Law Firm

2008-06-25T07:05:00.000-07:00

GerliCo. , Law Firm, founded by Ismael Gerli, a Panama Attorney, ranks as one of the finest Panama Law firms with fully trained lawyers.

GerliCo. was established in 1992 by Mr. Ismael Gerli, a Panamanian lawyer. Gerli & Co. Law office is based at Global Bank Building, 18th Floor, Panama City, Republic of Panama.

For more information please contact Ismael Gerli.

Panama´s lawyer, Ismael Gerli Champsaur's vision at the time was oriented towards providing legal services in Panamanian ship registration, maritime survey, crew endorsements at the Panama Canal and corporate onshore and offshore tax structures, offshore companies in Panama, offering solutions to the clients' needs at a reasonable cost, with improved levels of professionalism and dedication towards clients. Panamanian Foundations and real estate services in Panama are an ideal tool to ensure the safe custody of your patrimony, not only in the Republic of Panama, but worldwide.

After 15 years of practice and international recognition, the organizational structure of GerliCo. remains rock solid and growing.

Ismael Gerli and his staff of professionals have taken GerliCo. to extraordinary levels of acceptance, fulfilling with the international demand from those clients who have preferred us.

The Fifteenth Anniversary of GerliCo. was marked with the purchase in August of the group's new offices, thus closing this year with a ground breaking investment which will ensure the growth of our organization and the continuous provision of services with the perfection levels you all deserve.

THE TRUST IN THE GERLI NAME

At GerliCo. , we build rock solid relations that should and must endure for a life time, as has the Gerli name for four generations.
Mutual respect, sincerity and truthful bilateral communication is the key to develop trust.

GERLI ….. Tradizione di Honore as said at the turn of the 20th century by… Dr. Francesco Gerli.

GerliCo. , Law Firm, founded by Ismael Gerli, have jurisdiction in the Bahamas, the British Virgin Islands, Seychelles, Panama, Delaware, Hutt River Province, Belize and Samoa .
Ismael Gerli can also assist you from our headquarters in Panama we provide a full range of legal services, including those related to offshore corporations in Panama, Private Foundations, Trusts, Panama Admiralty and Maritime Law, Ship registration in Panama and others.

GerliCo. Focus on providing accurate and efficient services for its clients.

The firm provides for the registration of ships in Panama, yachts and trademarks, deals with all kinds of commercial matters and offers a full range of related legal and administrative support services including:

Panama Trusts

Offshore Companies in Panama
Estate Planning
Vessel Registration
Panama Admiralty and Maritime Law
Private Foundations
Investments and Business in Panama
Immigration an Naturalization
Hong Kong Offshore Companies
Ship Registration in Panama.

We focus on providing accurate and efficient services for our clients. Experienced professionals lawyers in Panama carry out the firm's work in the customary confidentiality and the services offered attract attorneys, accountants, tax advisers, bankers and trust professionals lawyers in panama from many other jurisdictions.

We are a law firm that pride ourselves on providing accurate and efficient services to its clients. Experienced professionals like Ismael Gerli carry out the firm’s work and provide services which are designed to help attorneys, accountants, tax advisors, bankers and trust professionals to assist their clients.

Ismael Gerli Biography

2008-06-25T06:53:00.000-07:00

Ismael Gerli was born in 1965. He obtained his law degree at the Roman Catholic University of Santa Maria La Antigua (1984-1989); Author: "The Preliminary Vessel and Mortgage Registration in Panama and its Juridical Consequences: A Practical Analysis", 1990.

Member: National Bar Association of Panama, Maritime Law Association of Panama, Maritime Association of Canarias, Editorial Advisor for the Port of Las Palmas, Panama Maritime Association - Diplomatic Appointments - Honorary Consul to the Republic of Panama for HRP Principality. International Distinctions – European Masters 2006 awarded for his contributions to Logistics Improvements Advisory and Dedication to Shipping in Gran Canaria, Spain, Director of M&G Trust LTD.

Languages: Spanish and English, basic Italian.

Practice Areas: Shipping, Naval Mortgages, Real Estate Advisors in Panama and New York, International Business, Administrative Law, Tax Planning, Offshore Tax Optimized Structures, Offshore Companies, Foundations of Private Interest, Ship Registration and Finance, Corporate Law, Criminal Law

Ismael Gerli Champsaur's vision at the time was oriented towards providing legal services not only in the Republic of Panama, but worldwide.

After 15 years of practice and international recognition, the organizational structure of GerliCo. remains rock solid and growing.

Ismael Gerli Champsaur and his staff of professionals have taken Gerli & Co. to extraordinary levels of acceptance, fulfilling with the international demand from those clients who have preferred us.