Panama
- Overview
- The World of Business
- Legal System
- Offshore Legal and Tax Regimes
- Blacklisting by the FATF
- Panama Forms of Offshore Operation
- Tax Treatment of Offshore Operations
- Taxation of Foreign Employees of Offshore Operations
- Exchange Control
- Offshore Activities
- Employment and Residence
- Privacy
Privacy
At this time Panama has not signed a Tax Information Exchange Agreement; it has, however, signed a Mutual Assistance Treaty with the United States. Moreover, Panama is not a participant in the European Union Savings Directive. As such, Panama offers a high level of privacy for both American and EU citizens. Furthermore, despite having signed a Mutual Legal Assistance Treaty with the United States, Panama has not done anything to suggest that is not serious about protecting the privacy of its offshore investors. Nevertheless, American investors ought to be aware that their asset security is questionable thanks to the Mutual Legal Assistance Treaty.