In the beginning of XX century the inevitable growth of household incomes pushed the development of offshore investments. Offshore zones became a haven for those who were looking to ease or avoid heavy taxes in their own countries. Obviously, in such cases there were often occasions when the deals were made carelessly and didn’t comply with or simply neglected many rules. Offshore zones had gained the reputation of closed, illegal business. At the same time, simple cautiousness and compliance with basic rules were enough to avoid all unwanted consequences.
We believe that blind investments are the main cause of all uncertainty and lack of trust that offshores zones had achieved. The investments were often made without any clear idea of who they were dealing with.
It is important to find and secure such methods, which will allow you to be in control of your assets when they are transferred to someone’s hands outside of your reach.
So how is to say who is trustworthy and who isn’t? There are so many offers that sometimes it is really hard to say, unless it was advised by someone you really trust.
In general, the search is made through Internet. If the company that you are looking at claims that operates in Panama, but at the same time lacks physical address or telephone, don’t lose your time. Most likely, 7 out of 10 of such companies will not last. Some companies will gladly give their contact information, nevertheless, verify it. Figure out who in fact works at this place. Many times companies would give you their lawyer’s office address, which, just as easy can be virtual or temporal.
Find the names of people in the company, their phone numbers, and finally, if it seems possible, their physical addresses and emails. If you have any question, make it before you transfer your money. When finally you have all the necessary information, check it! Send someone to verify the address, take photos and ask someone around. These simple things can save thousands and sometimes millions of dollars.
Probably you would say – is that really necessary to be that suspicious? Well, if it concerns the savings of your life or at least it took you some serious efforts to make them, then why not? The purpose of this article is, however, not to expose someone, but warn you not to commit blind investments and move into the right direction. This is still possible in the country like Panama.
