Yes, you read that right: Panama may in fact be a very solid banking option for your Plan B. (And yes, a foreign bank account is an ESSENTIAL component for a Plan B).
Clearly, Panama is suffering from an image problem at the moment.
The broad strokes of the latest media frenzy painted the country as a nefarious, dark place where dastardly financial deeds manifest in the dead of night… or some such nonsense.
Yes, there’s a long list of politicians and crooks who used the services of the Mossack Fonseca law firm to hide income or immorally acquired funds.
But most of the Panama Papers uproar is just ballyhooing by people who don’t understand how offshore works… or why it’s so essential to the global economy.
Offshore — investments, asset protection, international banking and the like — is the plumbing of the global financial system. Without it, international business would choke.
I don’t care whether Panama is popular in the financial media right now.
You pay for objective, rational advice. And after my team spent weeks crunching the numbers and visiting multiple banks in the country, I can tell you that Panama's banking sector— regardless of what ill-informed, financially illiterate journalists report — is on very solid footing… and could be a great option for your Plan B:
Click here for even more reasons why banking in Panama could be a good option for you.
(And, certainly, it's not for everyone. But should you choose to reject Panama, at least now you can do so based on real intelligence, not on media propaganda.)
Clearly, Panama is suffering from an image problem at the moment.
The broad strokes of the latest media frenzy painted the country as a nefarious, dark place where dastardly financial deeds manifest in the dead of night… or some such nonsense.
Yes, there’s a long list of politicians and crooks who used the services of the Mossack Fonseca law firm to hide income or immorally acquired funds.
But most of the Panama Papers uproar is just ballyhooing by people who don’t understand how offshore works… or why it’s so essential to the global economy.
Offshore — investments, asset protection, international banking and the like — is the plumbing of the global financial system. Without it, international business would choke.
I don’t care whether Panama is popular in the financial media right now.
You pay for objective, rational advice. And after my team spent weeks crunching the numbers and visiting multiple banks in the country, I can tell you that Panama's banking sector— regardless of what ill-informed, financially illiterate journalists report — is on very solid footing… and could be a great option for your Plan B:
- Panamanian banks are liquid and well capitalized
- Panama is just a short flight away from North America, so the physical presence requirement can be easily met if you reside in the U.S.
- Panamanian banks pay higher interest in comparison to North American banks
- You can knock out two major Plan B needs with one visit: open a bank account AND obtain residency in Panama.
Click here for even more reasons why banking in Panama could be a good option for you.
(And, certainly, it's not for everyone. But should you choose to reject Panama, at least now you can do so based on real intelligence, not on media propaganda.)
Yes, you read that right: Panama may in fact be a very solid banking option for your Plan B. (And yes, a foreign bank account is an ESSENTIAL component for a Plan B). Clearly, Panama is suffering from an image problem at the moment. The broad strokes of the latest media frenzy painted the country…
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