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Legal Systems and Jurisdictions
British Virgin Islands
The main advantages
A developed legal system relating to commercial companies and corporations.
Political and economic stability
Hightly developed infrastructure and communication
A skilled workforce
The possibility of accommodation in quality hotel chains
Zero taxation on offshore and banking transactions
Zero exchange control and regulation
Zero taxation on profits, including capital gains.
Transportation accessibility via many major airlines
Convenient location close to the largest shopping centers in Latin America.
The most important financial center in the region with many international banks.
Panama is one of the main gateways for investment in Latin America.
Social and economic indicators
Location: Latin America, on the border of North and South America
Area: 77,082 sq km.
Official Language: Spanish (Official), English
Government: Constitutional democracy
Standard of living: High
Banking System: International banking center with office branches of several large, global banks.
Currency: Balboa (tied with the American dollar which is the only paper tender in Panama).
Industry: Financial services, the Panama Canal and tourism
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