Double Bullet Proof Asset Protection
Our law firm has researched many different ways to protect your assets from financial enemies.Many are quite simple, but are successful means of asset protection. Here were introduce worst-case scenarios in which you desperately need to protect your assets and have left out elaboratedetails to make this as easy to read as possible.
Bullet Proof Asset Protection
. There is no owner listed and the stockholders are whoever owns thephysical stock certificates. In this case it will be aPanama Private Interest Foundation. TheFoundations also do not have owners by Panama law, only beneficiaries and a protector. This isthe entity that will be the shareholder. This provides you with the very legitimate defense of notbeing the owner of either the either.Thus, if any official ever were to ask if you were ever the owner or shareholder of XYZcorporation, you can say "no," and it would be the truth. If you ever had to admit that you onceowned the corporation, partially or wholly, you only spur their interest. You want to avoid havingto admit this and make them think they have only reached a dead end - which they have.
Bullet Proof Asset Protection Banking
- The Corporation and Foundation do not have to usethe same bank for their bank accounts, though they can do this and use online banking to sendmoney back and forth without having to create a wire or check trail. The greater part of themoney should be kept in the foundation account because the first place anybody would look forthe money is in the corporate account. It would take months or years to find out about theFoundation and, of course, it would then be your decision to move the funds around or not.Further, a private wire system exists within Panama and includes Panama banks only. This allowsyou to send money back and forth between Panama banks without using the international wiresystem. Plus, since it's all within Panama, it's all then protected by Panama bank secrecy laws. It'seven possible for Foundations to avoid having a bank account in any country.
Double Bullet Proof Asset Protection
- The next level of asset protection is as follows. Itbegins in the same way, with a Panama Bearer Share Corporation owned by a Panama Foundationand you have the same defense, that, no, you are not the owner of any of those entities. Whatyou do not tell them is that these entities do not have owners because that was not the question.You should not answer questions that weren't asked. This is where most attorneys will reach adead end. They were never taught Panamanian law, after all. But if the person asking thequestion happens to understand these laws pertaining to the offshore world, they would then askyou if you are a beneficiary of either entity. This is your answer: "As far as I know, my name isnot listed as a beneficiary of this Foundation." Another good thing to include is that any personcould be listed as a beneficiary and this person be ignorant of the fact. This happens frequently inwills. If it were possible to punish a listed beneficiary for having this happen to them, manypresidents, politicians, and public figures would appear as beneficiaries of Foundations all over theworld.If, at this point, the questions continue, say that they should ask the Foundation these questions.The lawyer will have to deal with this, and that is the catch. But we are getting ahead of ourselves. You should never say that you are a beneficiary because they will contend that thewhole structure is just a straw man setup, meaning a fraudulent way to control these assets andyet not actually own them. We don't mean to say that this will hold up in court, just that it'ssomething they can try. After all, your name is not in the public registry nor on any documentsthat they would have access to.