PrivacyWorld offshore services

BEST BET ON THE NET!

Panama Bearer Share Corporation with a European Union Bank Account including Internet access and an ATM card! Privacy World's OFFSHORE MANAGEMENT services provides international corporate services so your firm will be based in Panama, a country long considered an international financial and tax haven with strict corporate secrecy laws. The services which we provide are the incorporation, creation and maintenance of OFFSHORE CORPORATION, TRUSTS AND FOUNDATIONS that operate under the very favorable fiscal and tax laws of the Republic of Panama.

New Panamanian Offshore Companies, Panamanian Trusts and Foundations cost just €1,250.00 to incorporate and each comes complete with articles of incorporation, nominee directors, resident agent, registered office, Bearer Share certificate and a blank (you fill in the name) Notarized Power of Attorney with Apostille. Also included is the first year's government franchise fee. All documents are in Spanish and English and come fully apostilled.

New Panamanian Companies, Trusts or Foundations generally take from 3 to 4 weeks to establish. Yearly maintenance costs for a Company or a Foundation are only US$300.00 and are payable by the anniversary date of incorporation.

Please be advised that a new law (law 64,) was passed on Thursday February 3, 2005, related to the new fiscal reform in Panama which establishes that the initial government franchise fee of US$250.00 has to be paid at incorporation time, and not as previously established. This first year government franchise fee is included in all our structure fees.

"OFF-THE SHELF' Companies, Trusts or Foundations (no more than one-year old) cost €1,450.00 each and they are available immediately. (To order an off-the shelf company. please request our current list of names AFTER remitting payment for your order.)

Below please find some basic information about the advantages of Panamanian offshore entities as well as order forms. Please feel free to contact us at your earliest convenience.

Add €1,000 for a European Union company bank account
Add €1750 for a Visa card in the company name [includes €1,000 security deposit.]
Just €3,500 for everything;
Panama Corporation (new)
European Union Internet Company Bank Account:
ATM Card
Visa Card

Sincerely yours,
Privacy World
Offshore Services Director

Bearer Shares:

A negotiable share made out in the name of the bearer and not in the name of a particular person or organization. The shares in the capital of a company, which are transferable by delivery of the certificate. Unlike registered shares, which are transferred by an instrument of transfer, the name of the holder is not registered in the books of the company

Supplementing the comparative tables on company formations -Brief summaries of the company Law in Panama and

FORMING A PANAMA CORPORATION

The corporation law of the Republic of Panama provides that any two natural persons acting as the 'organisers' and the 'subscribers' may appear before a Notano Publico to organise and constitute a corporation. (In Panama public notaries govern most entities under the direction of a government appointed lawyer.)

It is the usual practice for natural or juridical persons outside Panama to accomplish the formation of a Panama company through a local Panamanian law office, a trust company or a professional management company.

For the purpose of drafting necessary documents, the following simple information and particulars are supplied by the client to the incorporators.
  1. Name: A preferred name, with two alternatives in the event the desired name may conflict with a name already in use, expressed in any language, must include 'SA' (Sociedad Anonima), 'Corporation', or Corp.', or 'Incorporated'' or 'Inc.' to clearly denote a limited liability entity.

  2. Objects: While the standard Articles of Incorporation for a Panama company intentionally provide a very broad scope of it is not unusual to include one or more articles which deal with the client's intended

  3. Capital: The capital of a Panama company is expressed as 'authorised capital' and there is no minimum capital or time limit requirement within which the authorised capital must be paid in. unless there is a compelling reason to the contrary, it is standard practice to specify an authorised capital of €10,000, represented by 100 common, voting shares having a par value of €100 each, or to express the capital as being 500 common, voting No par shares. In either case the nominal capital registration (payable once only) is €60.00

  4. Shares may be issued in ''Bearer' or in 'Nominative' form. Preferred, Class A, Class B, voting and non voting and other shares structures are permitted.

  5. Organisers: Local nominees usually act as the organisers and subscribers for incorporation purposes.

  6. Directors: A minimum (with no maximum) of three directors is required. These may be of any nationality residence or occupation; It is general practice to employ local nominees for this purpose. Juridical persons cannot act as directors.

  7. Officers: A President, a Secretary and a Treasurer are required. While these must be natural persons (not juridical persons), there are again no requirements as to nationality, residence or occupation. While one person may hold more than one office, it is customary that the President should not also be the Secretary. One of the officers is usually named as Vice-president. There may be as many Vice-presidents as required. Managers may also be named if desired. Local directors and officers are customary.

  8. Domicile: A Registered agent domiciled in Panama is required and law law must be a practicing lawyer or law firm. Local trust and management companies usually name their own lawyer as the Resident Agent.
The corporation may have a limited or unlimited life; it is customary for the 'duration' to be perpetual.

So simple is the formation procedure that incorporation can usually be effected within 24 hours.

While a corporate seal is now required. This should be a rubber stamp in the shape of a circle with Panama and your EXACT company name inside the circle.

Charges & Fees:

The all in cost for formation of a standard format Panama corporation will vary depending upon the agent retained by the client for the purpose. The charges set out below are average.

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OFFSHORE COMPANY APPLICATION FORM I.

1. Name of person ordering:

2. Your street address:

(Please indicate your street address for air courier delivery of your documents.)

3. Telephone:

Fax:

E-Mail:

4. Name of Corporation being ordered:
a.
b.
c.

5. Directors:
(Please indicate three (3) Directors. If not indicated, we will use local nationals as Nominee Directors)
A:
B:
C:

6. Date of application:

Signature:

7. ( ) New Offshore Corporation -€uro 1,250.00
( ) Off the shelf (no more than one-year old) €1,450.00


SEND THIS APPLICATION BY EMAIL TO
(and forward the appropriate bank draft by courier to):

Contact Us Click Here

View ALL your payment options here .

WIRE TRANSFER:

For wire transfer of funds request details. We will need your bank particulars!

In addition when ordering with a Visa or MasterCard, you need to send this application back by our secure on-line order form .

View ALL your payment options here .

Privacy World will use local nationals as directors of the company to protect the owner's privacy. Allow for 14 to 21 business days for the creation of your offshore Corporation. If the company name initially chosen already exists in the Public Corporate Registry, Privacy World Ltd. will use an alternate name and will notify the owner of the new name. For your order you will receive: Articles of Incorporation, National Nominee directors, resident agent, registered office, "Bearer Stock Certificate and Notariased Power of Attorney. Inquiries are welcomed. at any time.

Panama Private Interest Foundations

The Private Interest Foundation Law of Panama is based on the Panamanian Trust Law (No. 1, 1994) as well as the Liechtenstein family Foundation of the Principality of Liechtenstein in Europe...

The legislative Assembly has recently approved Law N? 25 of June 12,1995, whereby private interest foundations are regulated. We Will summarize in the following lines its relevant aspects:
  1. Constitution: The foundation may he constituted by one or more natural or juridical persons, either by themselves or through third parties. The endowment of a foundation capital is required exclusively destined to the purposes expressly provided in the foundation instrument. The foundation capital may be increased by the founder or by the Board of Governors of the Foundation. Constitution may be obtained through the following methods; a) private instrument subscribed by The founder, whose signature must he authenticated by a Notary Public; and b) before the Notary Public of the place of constitution. In case the foundation is to be formed to have effect after the founder's death, testamentary grant formalities are not required. The foundation instrument must contain:

    a) Name of the foundation, which must not he identical or similar to any other existing foundation in Panama. The word "foundation" must he included in the name;

    b) Foundation capital not less than €10,000.00.

    c) Names and addresses of the foundation hoard members to which the founder may belong;

    d) Domicile of the foundation;

    e) Name and domicile of the foundation's resident agent (lawyer or law firm) who must authorize the foundation instrument before its registration at the Public Registry Office;

    f) Purposes of the foundation;

    g) Procedure to appoint the foundation's beneficiaries, among which the founder may be included;

    h) Reserve of the right to modify the foundation instrument when deemed convenient;

    i) Duration of the foundation;

    j) Destiny of the foundation assets and liquidation procedure upon dissolution, and;

    k) Any other lawful clause the founder deems convenient.

  2. Purpose: Private interest foundations must seek non-profitable purposes. Nevertheless, commercial activities may he carried out and capital stock rights may he enforced by the foundation as long as the outcome of such activities is destined to the foundation's purposes.

  3. Taxation: All foundations are subject to payment of registration fees and annual franchise tax equivalent to those charged to Panamanian corporations. All acts of constitution, modification, extinction, transference or encumbrance regarding the foundation assets and foundation assets related income, are exempt of any kind of taxes, duties, charges or fees, if such assets meet the following requirements: a) assets located abroad; b) money deposited by natural or juridical persons whose rent is not of Panamanian source or not taxable in Panama; c) stocks or any kind of securities, issued by corporations whose rent is not of Panamanian source or not liable by any cause, even though those stocks or 4. Registration: Registration of the foundation instrument before the Public Registry Office shall invest legal capital to the foundation, regardless of any other legal or administrative authorization. Said registration will also he of public record against third parties.

  4. Foundation Capital: Once the foundation is registered, the founder or third parties that have obliged to the endowment of assets (either current or future), must formalize its transfer. An important characteristic of the foundation capital is that it constitutes an independent property) from the founder's personal property. Therefore, foundation capital may not be attached or garnished, except for damages or obligations incurred as result of the foundation purposes. In any case, foundation capital will compensate personal obligations of the founder or the beneficiaries.

  5. Irrevocability: Private interest foundations and transfers to the foundation are irrevocable.

  6. Foundation Board: This board must have a minimum of three (3) members, in the case of natural persons. It's main function is to fulfill the foundation purposes.

  7. Supervisory Organs: Besides the foundation board, the foundation instrument may provide for the appointment of Supervisory organs (custodians, auditors or any other similar) appointed by the founder or majority of founders.

  8. Dissolution: Specific causes are established in the Law, but in general they may he perpetual.

  9. Foreign Foundations: Foreign foundations may be registered in Panama and continue its legal existence as a private interest foundation in the Republic of Panama. Likewise, private interest foundations constituted according to Panamanian law and its assets, are entitled to transfer to other foreign jurisdiction.

  10. Banking Secrecy: All members of the Foundation Board and supervisory Organs as well as private or public functionaries that are aware of the foundation activities or operations must provide reserve and confidentiality at all times, and are subject to civil and criminal responsibility.

  11. Controversies: The foundation instrument may express that all controversies will be settled by arbitration. In lack this provision, general Procedural Law would he applicable.

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OFFSHORE FOUNDATION APPLICATION FORM

1. NAME OF PERSON ORDERING:


2. YOUR STREET Address

(Please Indicate your street address for air courier delivery
of your documents.)

3. TELEPHONE:
FAX:
E-Mail:


4.NAME OF FOUNDATION being ordered:
a.
b.
c.

5. BENEFICARIES

(List beneficiaries; or ,if you would like your beneficiary to
be the BEARER, or an offshore company)

6. DATE OF APPLICATION:


7. ( ) New Offshore Foundation €1,250.
( ) "Off-the-Shelf" Foundation (if available) (€2,250 ) (no older than one year)


BEFORE you send this APPLICATION BY AIR COURIER WITH PAYMENT in a bankers draft payable to Privacy World S.A., PLEASE email us for the correct name for the payee.

In both cases, please add courier costs for the expeditious, secure delivery of your documents to you. (€50.00).

NOTE:

Alternative Method of Payment

WIRE TRANSFER:

Please let us know if you wish to wire transfer funds. We will need to know the bank and city of the bank wire will be coming from. Thank you.

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OFFSHORE TRUST APPLICATION Form

I. NAME OF PERSON ORDERING:


2. YOUR STREET ADDRESS:

(Please indicate your street address for air courier delivery
of your documents)

3. TELEPHONE:
FAX:
E-mail:

4. NAME OF TRUST BEING ORDERED:
a.
b.
c.

(Name under which the Trust will be indexed

5.(List beneficiaries; or if you would like your beneficiary to
be the BEARER, or an offshore corporation)

6. ( ) New Offshore Trust (€1,250.OO)
( ) Customized Trust (€2,250.00)

7. DATE OF APPLICATION:

SIGNATURE___________________________________


SEND THIS APPLICATION BY AIR COURIER WITH PAYMENT in a bankers draft payable to TWT Ltd.

View ALL your payment options here .

Enclose €1,250.00 for a new Offshore Trust. Enclose €2,250.00 if you want to set-up a customized Trust. In both cases, please add courier costs for the expeditious, secure delivery of your documents from us to you. (€50.00-USA, €65.00-Europe, €75.00-Asia). You may also send this application by mail, though this method is very slow indeed and takes time to catch up to us due to our eternal travels.

CREDIT CARD's:

Sorry but due to much fraud, our merchant bank will no longer accept payment for any banking products by credit card. View ALL your payment options here .

Email this application back at

Email: Click Here

Privacy World will use local nationals as creators and First Trustee of the Trust until a Second or Permanent Trustee is appointed, and to protect the owner's privacy. Allow for up to 28 business days for the creation of your offshore Trust For your order you will receive: Deed of Trust, Beneficiaries Trust Resolution, Notarized Power of Attorney and Certificate for the totality of the units of Beneficial Interest. Inquires' are welcome at any time.