Panama offshore foundations are a preferred choice of high-risk merchants
High-risk merchant accounts facilitate credit card processing throughout the Internet. And, if you are an online business merchant or run e-commerce, it is very crucial to obtain full privacy and avoid all the troublesome rules and regulations surrounding your online e-commerce business.

Businesses that sell e-cigarettes, liquor stores, cannabis shops, etc often find several difficulties in finding a credit card processor. E-cigarettes, liquor shop, etc, however, get credit card processors but the cannabis stores credit card processors are even much harder to find. Because of the risk they incorporate, it is very crucial to find a jurisdiction which can efficiently handle their business and is willing to take on the risks of them.

Panama offshore foundations or incorporations offer some of the strictest privacy laws and flexible incorporation laws. Panama is one of the prime choices for every high-risk merchant whether it is in terms of complete confidentiality or high-risk credit card processing services. Panama offshore foundations are also a great choice for asset protection, and different types of offshore incorporations including IBC, LLCs, and many other corporations.

Some of the features of offshore Panama foundations

• High level of confidentiality and privacy in processing payments
• No foreign exchange controls
• Affordable, flexible and private estate planning vehicle that can be used for asset protection including bank accounts, trusts, real estate. etc.
• Offers high-risk merchant processing services including credit card, ACH and e-check payments
• An access to Panama merchant account enables you to access various valuable services

Some aspects of Panama foundations

• Panama offshore foundations are basically used for estate planning purposes, asset protection, and offshore incorporations.
• Any foundation cannot perform commercial business activity directly
• Panama foundation has no owners; however a letter of wishes can be written by owner to illustrate how the shares and foundation’s asset will be handled

Why choose Panama offshore foundations?

• If the offshore corporation and the foundation which owns it are Panama based then there is an additional advantage of being free from any threat of sequestration.
• Just to be prepared to face the worse and be safe, the shareholder foundation can also be set up with a charitable beneficiary
• For those who primarily aim to appear as a philanthropic, setting up offshore foundation and trusts is politically correct and savvy way to organize their offshore assets.

You can take help from several consultant companies too which are always ready to assist you in your offshore formations. These companies assist you from beginning to the complete formation of your offshore company and can also guide and advise you regarding merchant processing services.