This is a anonymous S.A. Bearer Share Panama Corporation that is additionally licensed by the Panama Government as a financial services corporation. The license is in the name of the Corporation and your name does not appear on the license so privacy is preserved. This license allows the corporation to engage in certain financial activities in Panama. The license does not allow the entity to act as a bank, for this a bank license is required. Banks provide checking accounts, take deposits directly, make loans personal and otherwise, write mortgages etc. You can have another corporate entity contract with your Panama Financial Services Company to engage in activities in Panama that your other corporation may not be allowed to engage in due to it´s domicile jurisdiction and lack of such a license there. This can all be done via e-commerce. Remember offshore derived income is tax free in Panama.
AUTHORIZED ACTIVITIES:
General Financial Consulting – In some jurisdictions this is hard to get.
Third Party Payment Processing (Online included). This is the provision that is used to allow one to operate a Swedish Credit Union in Panama through a Panama Bank.
