2DZNRoses Posted January 14, 2011 Report Share Posted January 14, 2011 DV TEAM Pro's & cons Belize vs Panama to establish IBC. 1 Link to comment Share on other sites More sharing options...
bopll Posted January 14, 2011 Report Share Posted January 14, 2011 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. 3 Link to comment Share on other sites More sharing options...
Booseman Posted January 14, 2011 Report Share Posted January 14, 2011 DV TEAM Pro's & cons Belize vs Panama to establish IBC. What does IBC stand for? Link to comment Share on other sites More sharing options...
taboo Posted January 14, 2011 Report Share Posted January 14, 2011 IBC....Irvman Broadcasting Company 1 2 Link to comment Share on other sites More sharing options...
Freedom4 Posted January 14, 2011 Report Share Posted January 14, 2011 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! 1 Link to comment Share on other sites More sharing options...
Max C Posted January 14, 2011 Report Share Posted January 14, 2011 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. 1 Link to comment Share on other sites More sharing options...
Tubbs Posted January 14, 2011 Report Share Posted January 14, 2011 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 1 Link to comment Share on other sites More sharing options...
Metrious Posted January 15, 2011 Report Share Posted January 15, 2011 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. 1 Link to comment Share on other sites More sharing options...
rjboots1 Posted January 15, 2011 Report Share Posted January 15, 2011 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). 1 Link to comment Share on other sites More sharing options...
detroitjazzman Posted January 15, 2011 Report Share Posted January 15, 2011 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. 2 Link to comment Share on other sites More sharing options...
Adam Montana Posted January 15, 2011 Report Share Posted January 15, 2011 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! 1 Link to comment Share on other sites More sharing options...
FishmanTx Posted January 15, 2011 Report Share Posted January 15, 2011 (edited) 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 Link to comment Share on other sites More sharing options...
FishmanTx Posted January 15, 2011 Report Share Posted January 15, 2011 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 . Link to comment Share on other sites More sharing options...
Adam Montana Posted January 15, 2011 Report Share Posted January 15, 2011 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. 1 Link to comment Share on other sites More sharing options...
FishmanTx Posted January 15, 2011 Report Share Posted January 15, 2011 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. Link to comment Share on other sites More sharing options...
Drunken Irish Posted January 15, 2011 Report Share Posted January 15, 2011 Nevis. I have done a lot of research. 1 1 Link to comment Share on other sites More sharing options...
2DZNRoses Posted March 1, 2011 Author Report Share Posted March 1, 2011 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 Link to comment Share on other sites More sharing options...
Squatch Posted March 1, 2011 Report Share Posted March 1, 2011 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 1 Link to comment Share on other sites More sharing options...
2DZNRoses Posted March 1, 2011 Author Report Share Posted March 1, 2011 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 Link to comment Share on other sites More sharing options...
2DZNRoses Posted March 1, 2011 Author Report Share Posted March 1, 2011 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 Link to comment Share on other sites More sharing options...
Adam Montana Posted March 2, 2011 Report Share Posted March 2, 2011 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 Link to comment Share on other sites More sharing options...
codeman Posted March 2, 2011 Report Share Posted March 2, 2011 (edited) http://www.belizeforum.com/belize/ Lots of good info here Edited March 2, 2011 by codeman Link to comment Share on other sites More sharing options...
turner561 Posted May 2, 2011 Report Share Posted May 2, 2011 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. Link to comment Share on other sites More sharing options...
Adam Montana Posted May 3, 2011 Report Share Posted May 3, 2011 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 Link to comment Share on other sites More sharing options...
hollywood7 Posted September 1, 2011 Report Share Posted September 1, 2011 after ibc is opened how do you gift your dinar to it and how fast is this acomplished thanks adam i just joined Link to comment Share on other sites More sharing options...
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