Accountant Signatory Services For Offshore Business

Tax authorities in many countries have stringent penalties in place for people who do not submit their signatory authority with regard to offshore bank accounts. Nominating a third- party professional to act in this capacity for an offshore company, who is not subject to these requirements, is an ideal alternative solution.

There is no reason to suspect that this will be abused if it is structured correctly under Panama’s strict business confidentiality laws. It is advisable however that a nominated signatory is chosen who has considerable involvement in the business and has total familiarity with its workings and income streams. It is preferable, in our eyes, to nominate a law firm, which should be trustworthy, but tends to be a more expensive solution and can cause added delays; if you prefer this alternative, however, we can provide the service for considerably less than other law firms and pride ourselves on speedy and effectual execution.

What is most important is that our clients ensure that they protect their anonymity so as not to be placed in a position where they would lose their tax deferred status that the Foundation is designed to create.

By taking out the maximum protection you will be able to:

• Avoid foreign account procedures that are now in existence in places like the USA and Germany. There are severe penalties in place for the non conformance of reporting signature authority regarding foreign bank accounts.
• Create an ‘arms length’ approach to the legal rights of your assets. You do not own or control the assets in an open capacity.

You can set up a non-controlled foreign company with signatory services by clicking here to order

Escrow services

To provide you with added protection, we are also a provider of escrow services for one-off requirements pertaining to things such as property purchases and the handling of receipts and payments for them.

The main purpose of escrow services are:

• Confirms to the seller that the buyer has the funds because they have already been lodged in an escrow account
• Confirms to the buyer that the title search is successfully completed with all legalities
• Gives the buyer confidence that all parties in the transfer will be paid correctly

Escrow Fees are follows: