11-Sep-09 - President of Panama Invites the Pope To Visit His Country

WELL MANAGED COMPANY

is without doubt the concept in to which OFFSHORE STRUCTURES need to be oriented and operated as well. This is the way to comply with international regulations.

a) Be it a Offshore, Panama , BVI, Cost Rica, or Mauritus Company, the fact that in some jurisdictions no local corporation tax is levied on the entire worldwide profits of a company, registered under the business act of such jurisdiction under its control .
GerliCo., has extensive expertise in such field, thus offers companies from the following jurisdictions:

Panama: Corporations
Panama: Limited Liability Companies (SRL)
(BVI) British Virgin Islands business companies
Costa Rica: Business Company

b) Semi-Offshore Companies

Some of the jurisdictions we provide have a favorable tax status whereby companies are ruled under a territorial principle, thus exempted from local corporate tax on its profits earned offshore or not within its territory, having said this, each company will be benefited by the payment of a nominal payment or to that effect a nominal duty. Locally earned income will only be taxed, at the average local rate provided its local gains made within the jurisdiction and not on its foreign gains or overseas activity.

Reputations is also a positive issue to be considered as many of these jurisdictions have entered into double tax treaties and are therefore an appropriate vehicle for international tax planning.
Services are provided by GerliCo., under the following jurisdictions:

Anguilla, Bahamas, Belize, British Virgin Islands, Cayman Islands, Delaware, Hong Kong, Labuan,, Mauritius, Nevis, Panama, Samoa, Seychelles, Singapore and Cyprus

Well, if you had any doubts on what you will be getting into if you retire in Panama... Using the Pope no less...