BELIZE vs PANAMA for IBC

[2DZNRoses]

DV TEAM

Pro's & cons Belize vs Panama to establish IBC.

[bopll]

well, After RV I have been considering buying an island off the coast of Panama so I guess Panama would be the most convenient for me.My vote is for Panama as I have heard and researched a lot about Panama. Large American population with many business and real estate opportunities.

[Booseman]

DV TEAM

Pro's & cons Belize vs Panama to establish IBC.

What does IBC stand for?

[taboo]

IBC....Irvman Broadcasting Company

[Freedom4]

What does IBC stand for?

It's an offshore companies or foundation, where you can open an account where someone manages your assets

for you in protecting it!

international business company or corporation!

Hope it's help!

[Max C]

Bocas del Toro in Panama is one of the most peacful, fun, exciting, laid back places on earth. I'm checking out Belieze this month.

[Tubbs]

Traveled to Belize in December 2010 the fishing is incredible, the food is diversed, and the people are happy ( most of them ) BTW they have a few Banks too

[Metrious]

I lived in Panama as a soldier from 1990 to 1993. Extraordinarily beautiful. At the time I had the opportunity to purchase a three bedroom house... on the beach for $30K.....

Wonder what it is now? The country is pretty heavily invested into tourism. So if you could get a few houses down that way to rent out to tourists... especially the last weeks of February, if memory serves Carnivale is very popular.

[rjboots1]

I've read that both countries within the last few months have signed treaties with the US commiting them to disclose banking information for American citizens. That doesn't mean the US can ****** your money, it just means they'll know about it. Panama also has an entity that, from memory, may be called a "family foundation trust" that is a little different than the International Business Corporation. Panama certainly is more "recognized" as an international banking center than Belize. Both places are gorgeous. (If you go to Belize, check out Ambergris Caye).

[detroitjazzman]

Dealing with foreign banks does require some research when dealing with sums that we are expecting. I've included the link on banking in Beliez: http://www.belizefirst.com/MoneyandBankinginBelize.htm as well as banking in panama: http://www.offshorelegal.org/offshore-banking/panama-offshore-banking/tax-implications-of-banking-in-panama.html these links are not intended by myself to offer any type of financial advice. I did supply the links as a jumping off point for your own research.

[Adam Montana]

I wouldn't incorporate in Panama OR Belize, they both have governments that will work with the US Government.

The reason we incorporate in the Seychelles is because the Seychelles will not work with the US.

The reason we use Belize Banks, rather than Panama banks, is because our IBC banks in Belize are independently owned and are not controlled by the Belize government.

Hope that helps!

[FishmanTx]

DV TEAM

Pro's & cons Belize vs Panama to establish IBC.

Last I checked, Panama still has no "tax treaty" with the US and it's easier to become a citizen if you choose to do so. You can only buy "titled (freehold)" property as a foreigner, otherwise you need to become a citizen to own it. "Titled" islands are few and far between. Check Panama islands for some nice locations.

Neil

Edited January 15, 2011 by FishmanTx

[FishmanTx]

Last I checked, Panama still has no "tax treaty" with the US and it's easier to become a citizen if you choose to do so. You can only buy "titled (freehold)" property as a foreigner, otherwise you need to become a citizen to own it. "Titled" islands are few and far between. Check Panama islands for some nice locations.

Neil

P.S. - WHOOPS! My bad, the sorry buggers did it last November!!!! Boy that really screws me .

[Adam Montana]

P.S. - WHOOPS! My bad, the sorry buggers did it last November!!!! Boy that really screws me .

That's exactly why we aren't using Panama.

[FishmanTx]

Yeah, but my taxes are all being paid up front after RV and since they can't tax me again on it....why worry? I can still have my palapa and hammock.

[Drunken Irish]

Nevis. I have done a lot of research.

[2DZNRoses]

Dealing with foreign banks does require some research when dealing with sums that we are expecting. I've included the link on banking in Beliez: http://www.belizefir...inginBelize.htm as well as banking in panama: http://www.offshorel...-in-panama.html these links are not intended by myself to offer any type of financial advice. I did supply the links as a jumping off point for your own research.

Just discovered this thread today...mods must have moved it into Investment Opportunities & Wealth Mgt. Thank you detroitjazzman for your post & valuable links!

2DZNRoses

[Squatch]

Those of you that are interested in Belize might find this link interesting:

http://finance.yahoo.com/news/How-to-Retire-Comfortably-for-usnews-2643852806.html?x=0

[2DZNRoses]

I wouldn't incorporate in Panama OR Belize, they both have governments that will work with the US Government.

The reason we incorporate in the Seychelles is because the Seychelles will not work with the US.

The reason we use Belize Banks, rather than Panama banks, is because our IBC banks in Belize are independently owned and are not controlled by the Belize government.

Hope that helps!

Very good.

Thank you Mr Montana.

2DZNRoses

[2DZNRoses]

A BIG THANK YOU to everyone who posted here.

Answered my question & got me thinking peaceful, fun, exciting, laid back happy thoughts!

GO RV for the people.

2DZNRoses

[Adam Montana]

What does IBC stand for?

I'm sorry, I missed that one.

One of the perks in the VIP room here is access to information that would cost you tens of thousands anywhere else.

I'll give you a sneak peak: http://dinarnews.net/ibc

[codeman]

http://www.belizeforum.com/belize/

Lots of good info here

Edited March 2, 2011 by codeman

[turner561]

I wouldn't incorporate in Panama OR Belize, they both have governments that will work with the US Government.

The reason we incorporate in the Seychelles is because the Seychelles will not work with the US.

The reason we use Belize Banks, rather than Panama banks, is because our IBC banks in Belize are independently owned and are not controlled by the Belize government.

Hope that helps!

Adam, regarding the above info on the Belize government is there any risk of the banks working with the US? What about a bank in the Seychelles? Thanks in advance.

[Adam Montana]

Adam, regarding the above info on the Belize government is there any risk of the banks working with the US? What about a bank in the Seychelles? Thanks in advance.

Not at this time. The Seychelles is a great place to incorporate, but it's not ideal for holding money.

We have a great conference call on this exact topic in the conference call section, located here: http://iqd.me/l/ce

[hollywood7]

after ibc is opened how do you gift your dinar to it and how fast is this acomplished thanks adam i just joined