Apart from being the third largest economy in Central America, South America is projected an annual economic growth of 9% annually. Sounds like a high investment grade and a perfect place for offshore institutional finance placement. The very lenient offshore legal system allows for bank secrecy laws to be strictly in place and that attracts tax-haven-hungry individuals to seek sanctuary in this tiny isthmus.

Unlike the snobbish atmosphere and the mystery laden numbered accounts the Swiss used to have, you have nothing to worry about regularly withdrawing from Panama offshore accounts.

In Switzerland, the not-so-friendly part is, you need a minimum of $250,000 to open an account. Compared to Panama offshore banking, that’s fairly overpriced for premium offshore asset protection.

Bank secrecy protection used to be afforded to the glitzy clients who depart from Rolls Royce chauffer-driven vehicles. Now, even debit card hogging individuals can avail of this protective feature that come along with Panama offshore corporation Visa-hybrid debit and ATM card.

Top it off with the fact that it’s widely accepted internationally and assures anonymity. Peeping Toms are a thing of the past trying to data mine even what you’ve had for breakfast.

As opposed to the Swiss model that required a hefty minimum, you only need $695. Due to the high priority on customer satisfaction, the use of this card cannot be traced to the signatory on the Panama offshore corporate bank account. There’s no such thing as a paper trail anymore.

Like things that are all too good, they too have drawbacks. Things can never be too good to be true. Panama can’t be an exception to that. It’s quite basic that before dealing with people you are unfamiliar with, you always look for a trail where you can pin them down—with the government that is.

Don’t worry, offshore banking, especially in Panama, is so lenient with banking laws it inures to the benefit of the consumers like you. Always look for government license to ascertain whether they have the jurisdiction to issue debit cards or such.

Then there are the fly-by-night operators who take their clients for a ride and don’t mind if your money gets mixed up with funds from narcotics, terrorism, and so on. They are mostly unlicensed operators since illegally funded clients dare not go to licensed entities, courts may opt to lift bank secrecy mechanisms from their offshore bank accounts.

Bear in mind to avoid unusual card load fees of 1%-5% and ATM cards that are not tied to bank accounts. Lastly, avoid convoluted wire instructions. So, what happens when the State Department tries to trace you? Simple, all they see is an anonymous bearer share account. Just like the real thing, your money is kept in a real bank account with full online banking capabilities and a language choice between English or Spanish.

You’re pretty much in good hands as long you’re with a government licensed Panama offshore account.