There are over one
hundred banks licensed in the Republic of Panama, making it one of the most important
banking centers in the world. Arias, Aleman & Mora represents various banks,
rendering advise pertaining to the legal aspects of their operations and investments.
The fact that each partner of the firm sits in the Board of Directors of a licensed
bank, provides the firm with the unique opportunity of assisting its clients in
all matters related to international banking transactions and investments. The firm represents
corporate and individual clients in litigation proceedings in the Republic of
Panama. It also has ample experience in arbitration proceedings, both in the Republic
of Panama and internationally. Its close relationship with the banking and corporate
community has served to expand the litigation department. Assistance in the
structuring of public issuance of stocks and bonds is provided to large corporate
and banking clients who wish to register issues with the Comision Nacional de
Valores (National Securities Commission), for the purpose of offering them in
the stock market. Panamanian laws offers substantial fiscal benefits to companies
that register with the Comision Nacional de Valores and place their offerings
through the local stocks market. Such benefits include that no taxes are levied
on the interest paid by the different instruments and that there are no capital
gains once they are sold if the transfer takes place through an authorized stock
exchange. In
this area, expertise is provided in filling, prosecuting, maintaining and enforcing
industrial property rights, such as patents, trademarks and copyrights. The enforcement
aspect covers litigation in related fields, including administrative and criminal
jurisdictions.
The Immigration
group provides support to individuals who wish to procure a resident investors
visa and executives of large corporate clients, who will reside in the country
temporarily. This Department is duly qualified to provide help that foreigners
usually require during their stay, such as purchase of real and personal properties,
import and export of household effects and other related matters.
A
wide variety of advise and services are offered in this area, be it through the
Law Firm in Panama or through one of its affiliate companies in the Caribbean,
namely Aramo Trust Co. Limited, a company with a General Trust License which is
authorized to incorporate and manage International Business Companies and Trusts
in the British Virgin Islands, and Arias, Aleman & Mora (Bahamas) Limited,
a company with a Limited Trust License which is authorized to incorporate and
manage International Business Companies in the Commonwealth of the Bahamas.
A
private or corporate client will find that his needs will be met by a competent
team of attorneys and support staff, with vast experience and knowledge in offshore
operations.
Panama, The British Virgin Islands and The Bahamas are jurisdictions
with favorable tax laws for companies executing offshore transactions. You may
use one of the corporation organized in said jurisdiction for several purposes.
They are most widely used as personal holding companies, that is, a company used
by a client to open bank and brokerage accounts in order to fulfill his investment
needs and maintain the proper discretion as to them. However, these companies
can also be used for a wide variety of uses such as the purchase of real estate
and also as operating companies outside the clients own jurisdiction; in short
they can be used for any legal means.
The firm is also in a position to
offer its services in the constitution and management of Trusts and Private Interest
Foundations, in order to facilitate the organized transfer of property and to
help the clients in their asset protection planning.
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