Lavoz Finance Insurance

You can obtain a Panama Bank Account without having to come to Panama!

Panama Banks – Panama banks do open bank accounts for foreigners. Panama asides from being the number one retirement haven in the world is also the world’s foremost tax haven. Offshore bank accounts in Panama are the most coveted in the world today. All the banks we use have online banking including the ability to send international wire transfers, check balances, history and other information. You can get an ATM Debit card that is good worldwide for ATM withdrawals and it works for some Point of Sale Purchases. We work with several different banks and savings and loans in Panama. We do not discuss names of banks until after a person becomes a paid client, and all the required documents have been provided, please do not ask. Same applies to sending out bank forms, signature cards, etc. We have a list of banks that we have a working relationship with where we are able to have accounts opened without the need for the parties to come to Panama. Some of these banks are large multi-national conglomerates with assets in the 100 Billion Dollar Range and others are small Panama only Banks that offers a more personal touch and banks with everything in between. We have never had a customer leave us because we could not get them an account with a bank or savings and loan they felt was not suitable. We can normally have an account opened within 5 working days of the receipt of our fee and the required documents, some times faster.

The Process – Making a trip to Panama is not necessary. Panama Banks never accept cash to open an account. Some customers wish to come to Panama to meet the bank, etc. This is fine but we will NOT introduce a person to any bank until after they are a paid up client and we have done our due diligence having their reference letters, passport copy etc. The banks rely on the law firm to do the required due diligence in the area of know your customer which is the same as required by the banks. The banks in Panama have no shortage of customers since a Panama Bank Account is the most coveted in the world right now. The banks do not wish to have potential customers contacting them directly before the law firm has completed their due diligence. The banks are not fond of foreigners calling on the phone about opening up an account. If you are coming to Panama which again is not necessary, we suggest you do the formation of the corporation or foundation before you come and we can get the bank account approved by the new account committee before you arrive so basically you just meet the bank manager, sign the forms and signature cards and then are free to depart and your account should be functional the next day. We can assist with corporate rates on a hotel; get you an English speaking driver with a car, etc. You can have a checking account or a savings account. Time locked deposits for higher interest rates are available. Minimum deposits tend to run between $500 and $2000. Some banks will provide an ATM card with the account immediately. Some banks will issue direct from the bank a Visa card that is a secured debit card. It is good for ATM machines, internet purchases etc. The bank will generally require a security deposit which goes into a special interest bearing account. If your Visa card had a $10,000 credit line they would probably request a security deposit of $12,500. At the end of the billing cycle the money to pay your card balance down to zero would be deducted from your regular account. If a need arose you could ask the bank to clear the balance before the end of the billing cycle freeing up your credit for travel. There is the option of a third party ATM card that has numbers only, no account name at all on the card. There is also the option of having a third party MasterCard or Visa debit card (not credit card) for an extra fee. The Visa or MasterCard debit card also can function as an ATM card.

Documents Required – A notarized copy of the picture page of the Passport, letter of reference from a recognized bank, and a letter of reference from an attorney, accountant or company you do business with on their letterhead. Any bank in the modern world using the international wire system will require at least this much documentation from a foreigner opening up a bank account in their jurisdiction.

Stock Trading – The savings account can also be directly tied to a stock trading account. This allows one to trade online around the world. There is a $50,000 minimum to open such an account. The clearing agent is top drawer. We can also arrange for you to have a separate brokerage account in Panama with minimums as low as $20,000. USA passport holders can not have a personal stock trading account corporate or foundation only.

Type of Account – Offshore bank accounts in Panama can be opened for a corporation or a foundation. Accounts can be opened for personal, corporate or for a foundation. USA passport holders can not open personal bank accounts unless they actually reside in Panama and can document this. We always suggest the offshore bank account in Panama be opened using a Panama corporate structure. This way when wires are sent or received it can not be seen that you are the person(s) behind the corporation. When you use an anonymous Panama Bearer Share Company the ownership of the company is not recorded in any registry or public record database so no snooping entity can determine who is actually receiving the funds, and this makes for very private personal banking. Recently there was a scandal in the media where it came out that the USA was monitoring SWIFT wire transactions for some years. Monitoring a wire transaction to an anonymous corporation is fairly meaningless since nothing is known about the ownership of the corporation. If the sending entity was also an anonymous corporation that would be a good working definition of a dead end both ways. We always advise against personal offshore bank accounts in Panama for these reasons in addition to the fact that a corporate or foundation bank account greatly enhances asset protection but will work on personal accounts at the client’s request. We can not get personal bank accounts for USA residents/citizens. As an additional option one can open an offshore Panama bank account using a Panama Foundation which is also anonymous.

Bank Account Signatory Verification You or your designated signatory(s) will be the only person(s) with access to your offshore Panama bank account. What we do is have the bank opened up as a zero balance account; no money is in the account. Before you load the account with any funds we will show you how to securely contact the bank by phone and verify that no one else can sign on the account or otherwise access the bank account. After the account is funded online banking information will then be emailed to you directly and you reset the password securely online immediately upon receipt. ATM card will be sent by courier directly to you.

Number of Bank Accounts – You can open up more than one Panama offshore bank account in different banks using different corporations or same corporation or a corporation and a foundation. Sending funds from one corporation or foundation to another for payroll, purchases or other reasons can easily be accomplished using the ACH system in Panama which 30 large banks use. This is not a wire transfer and the data is covered by Panama Bank Secrecy laws and only entities covered by these laws have the data. It takes one to two days for the ACH transfer to be completed and the cost is about $1.00 per transaction.

Panama Bank Secrecy – Panama has strict banking secrecy laws better than any jurisdiction we know of. Panama has no tax treaty with any other country. This is not the case with tax havens like Switzerland, Belize etc. who do get into tax treaties with numerous countries. Tax treaties are the legal basis for government fishing expeditions. Fishing expeditions do not happen in Panama. If a bank employee or officer violates the bank secrecy
laws they can go to prison, get fined and of course you can sue the daylights out of the offending bank. The bank secrecy laws are statutory in Panama. A question that frequently comes up is if a Panama Bank that is operating under the name of a chain of large international banks is able to maintain true Panama Bank Secrecy. Let us say the Bank is called Bank Two (no such bank in Panama) and Bank Two operates in Europe and North America with 68 bank branches in different countries. The Bank Two banks in other countries can not go into their computers and see account holder information about Panama Bank Accounts. This would violate Panama Bank Secrecy, expose the bank officers to criminal prosecution and enable you to sue the bank and its responsible parties for millions of dollars of damages. In spite of this some people prefer a bank that operates only inside of Panama and we can accommodate this sort of request.

For more information, please visit:

http://www.panamalaw.org

email at: panamalegal@hush.com

 

Los Angeles has a unique distinction of being the largest city within California and 2nd largest city in U.S. It happens to be one of the most prominent tourist attractions globally. It’s also believed that people over there are very warm and friendly towards tourists that come from every nuke and corner. Risk of loosing out on value for money is minimal considering the wide spectrum of places you can visit. To add, climate in Los Angeles is pleasant throughout the year which makes it a special and memorable journey for visitors.

 

Lavish food courts that serve mouth watering cuisines, concerts in open air auditoriums under twinkling stars, biking, skiing and many more special events make Los Angeles, one of the most sought-after tourist attractions. You can expect sunny and bright days during November to May and this is the best time for water-sports and mountain-biking.

 

There’s always a huge demand for bookings and reservations from tourists all over the world that want to taste the joy of being in Los Angeles throughout the year. Considering the ever growing demand, Travel agencies have introduced several enticing packages that are cost effective and joyous. To accommodate all the travelers, Los Angeles is endowed with fine range of hotels which varies from cheap hotels in Los Angeles to Five Star hotels in Los Angeles.

 

The list of Los Angeles tourist attractions is never ending. From Echo Park to Grauman’s Chinese Theater and the famous Entry court, from Getty Villa to Griffith Observatory, you can certainly have a ball of time and no matter how short your stay is, it certainly would be a memorable visit that you can cherish for life time.

 

Walt Disney Concert Hall, Hollywood Bowl, Los Angeles Memorial Coliseum and Kodak Theatre are some of the other well known tourist attractions in Los Angeles. To sum it up, the above mentioned Los Angeles tourist attractions will certainly bring a smile to you and your family, friends. A never-to-forget experience!

Lubbock is an exciting vacation destination in Texas. It is a popular venue for live entertainment, clubbing and historic sites. For the best deals, choose from one of the cheap Lubbock hotels the city can offer.

Lubbock is the largest city of the Texas which is located in the center of the South Plains which is renowned as the largest cotton producing area in the world. It is often referred as ‘Hub City’ as it accommodates many economic, education and health care hub of a multi county region.

Lubbock offers a range of accommodation for the travelers coming from all over the world to visit this part of Texas. It also offers many budget hotels which features quality accommodation at very reasonable price. Many budget conscious travelers with limited budget for accommodation or leisure seeking travelers are also getting attracted towards these budget hotels.

Most of the cheap hotels of Lubbock are ideally situated in a minutes away from all the happenings of the city. The rooms of the hotel are equipped with all the modern amenities and facilities provided by the hotel management for the convenience and comfortable stay of the travelers.

All the facilities and amenities of these hotels are well backed up by the warm and friendly staff of the hotels. The front desk of the hotel will be in service round the clock making sure about the comfortable stay of the visitors.

Lubbock is a historic city in Texas. It lies along the northwestern side of the state – in historic Llano Estacado. It is also known as the “Hub City” because of its stand as the education, health care and economic hub of the South Plains – a multi-county region in Texas. It is popular for its cotton industry. One of the best features of Lubbock is its thriving nightlife and live entertainment venues. In fact, it produced a few of the best musical artists such as Pat Green and Buddy Holly. Tourists and visitors of this city will find numerous elegant yet cheap Lubbock hotels close to these clubbing venues.

Whether its dance clubs or lounges you’re after, Lubbock has it all. Some bars to consider include Bar 101, o’Reilly Irish Pub, Cotton Club, Cafe J and more. They also have sports bars like Buffalo Wild Wings, Bash Riprocks, Copper Caboose and Conference Cafe among others. Even these clubs are close to a lot of cheap Lubbock hotels you can choose from.

For a pleasant and safe travel to and from this city, the Lubbock Preston Smith International Airport guarantees this. As a tip, to ensure a timely departure, make sure you reach their terminal 90 minutes before departure and to double check your belongings for prohibited items prior to reaching their screening area. Of course, you don’t need to worry if your hotel provides airport-hotel shuttle services. For inquiries, call the airport at 806-775-2044.

Cheap Lubbock Hotels

The Radisson Lubbock Downtown – This is a pet-friendly yet cheap Lubbock hotel located in the downtown area. It is near the airport, Louise Hopkins Underwood Center for the Arts, the Buddy Holly Statue and the Buddy Holly Center. This 3-star accommodation features a fitness facility, indoor pool, an onsite restaurant, bar/lounge and complimentary airport shuttle services. Rooms of Radisson are equipped with microwave ovens, tea makers, shower-tub combinations and balconies. Local calls and weekday newspapers are free.

Days Inn Lubbock 4th Street – This is one of the cheap Lubbock hotels you can consider. It is not only near the international airport, it is also close to Jones At & T Stadium as well as the City Bank Coliseum and the National Ranching Heritage Center. Guests of this pet-friendly hotel are guaranteed with a free Continental breakfast, 24-hour front desk, parking areas and multilingual staff. Guestrooms are equipped with Cable TVs, microwave ovens and air conditioning units among others.