Offshore in Panama

Alemán, Cordero, Galindo & Lee

With affiliated offices in a number of key jurisdictions, including the Bahamas, Belize, the British Virgin Islands and Uruguay, Alemán, Cordero, Galindo & Lee is well placed to assist its clients – which include multinational corporations, institutional investors and high-net-worth individuals – with multi-jurisdictional matters. The experienced team advises on the structuring of asset management and investment vehicles, trust and estate planning, and the formation of companies and private interest foundations, among other issues. Practice head Raúl Zúñiga provides clients with corporate, trusts and fiduciary services, assisted by associate Cristina de Alba.

Practice head(s):

Raúl Zúñiga

Key clients

Union Bancaire Privée

Banque Privée Edmond de Rothschild

UBS

Banco Santander Central Hispano

Banistmo

Credit Suisse

Citibank

Fidinam (Hong Kong)

BNP Paribas

PKB Banca Privada (Panama)

Work highlights

  • Represented the Karisma Group in the restructuring of its entities, resulting in a property holding company and an operating holding company.

Morgan & Morgan

Morgan & Morgan has continued to expand its offshore practice, advising high-net-worth clients on the structuring of private funds and related mandates. In addition, it has formed an alliance with MASCO Multiple Accounting Services Corporation to provide clients with accounting services, and founded Panama Compliance Services to assist with due diligence. The firm’s additional offices in the British Virgin Islands, Belize and the Bahamas allow it to provide corporate and fiduciary services in multiple key jurisdictions. The sizeable team is led by Roberto Lewis, who has significant expertise in advising on wealth preservation and distribution for Central and South American clients. Other notable team members include Raúl Castro, an expert in tax, corporate and estate planning; Luis Manzanares, who specialises in multi-jurisdictional structures; and associates Nestor Broce and Laura Barrios, who has notable tax expertise and heads a new department advising family offices on Bahamian SMART funds.

Practice head(s):

Roberto Lewis Morgan

Testimonials

‘Roberto Lewis stands out for his availability, responsiveness and promptness.’

‘We have dealt with the firm on tax-related topics and they have always shown a great breadth of knowledge, giving the client confidence in their opinions and advice.’

‘Laura Barrios has provided fast and reliable responses to our queries, understanding the importance of the matters and promptly clarifying any doubts.’

Key clients

Mistui Soko

Mitsubishi Logistics Corporation

Shutts & Bowen

Greenburg & Traurig

Carrillo & Asociados

Consortium Law

Dentons Cardenas & Cardenas

Baker & McKenzie

Fair Wind Secretarial Services

Oficina Bisonó

Patton, Moreno & Asvat

The 'dedicated and efficient' team at Patton, Moreno & Asvat is able to provide services in a wide range of jurisdictions, with offices in the British Virgin Islands, Belize, London and Uruguay. The team focuses on advising financial institutions and corporations, although it also acts for high-net-worth individuals and families. Areas of strength include asset protection and succession planning, investments, particularly in real estate projects in Panama and other offshore jurisdictions, the restructuring of holding companies, and tax structuring. The practice is led by Ebrahim Asvat, who has expertise in corporate restructuring and estate planning, María de Lourdes Marengo and the 'excellent' Gilberto Arosemena, who advises HNWIs and institutional investors on corporate, commercial and tax matters. Uruguay-based Lizette Salazar is also a key contact, advising on investment and offshore structures, particularly for South American clients.

Practice head(s):

Ebrahim Asvat; María de Lourdes Marengo; Gilberto Arosemena

Testimonials

‘We always receive prompt replies to any questions, even theoretical ones, when we need clarifications in regards to BVI/Belize law. They provide a fast and efficient service.’

‘Gilberto Arosemena is extremely helpful, efficient and prompt. We always receive his feedback on the same day as the query and we know that any matters can be resolved with his help.’

‘Patton, Moreno & Asvat has become a leader in legal services in Panama in the last few years. They definitely have many talented lawyers and a large team. They are agile, knowledgeable in their field, available to clients and attentive. The firm has become a one-stop shop for me and my clients.’

‘The lawyer who stands out most of all is Gilberto Arosemena. He is a young lawyer with an exceptional track record, and he has an unmatched ability to listen to clients and understand what the issues are. He knows the Panamanian market incredibly well, has very good connections and is very professional.’

‘They are very dedicated and efficient. They have a good work ethos and can move a deal forwards while following best practice.’

‘Gilberto Arosemena is an excellent lawyer who is very focused and provides a good service. He is very friendly and responsive.’

‘Lizette Salazar stands out in particular for her proactivity and diligence. She is a true professional and stands out for her service.’

‘They provide a very good service, offering rapid and precise answers to clients’ questions. They are knowledgeable about the regulations in different offshore jurisdictions. Lizette Salazar stands out in particular for her constant availability and practical solutions.’

Arias, Fábrega & Fábrega

Arias, Fábrega & Fábrega advises on the formation and operation of trusts and foundations and tax planning matters, as well as providing assistance with corporate issues through its affiliate Arifa Corporate Services. With associated offices in London, Hong Kong, the British Virgin Islands, Belize and Uruguay, it is able to advise on a wide range of international matters. Gian Castillero heads the estates and private client group, focusing on estate planning, the management of family offices and international tax planning. Rosa Restrepo assists institutional and private clients with tax, estate planning and corporate structuring. Of counsel LeRoy Watson III is also noted.

Practice head(s):

Gian Castillero

Icaza, González-Ruiz & Alemán

Icaza, González-Ruiz & Alemán provides offshore services in a number of key jurisdictions, with offices in Cyprus, Hong Kong, Singapore, Switzerland and Uruguay. The team is experienced in the creation of trusts and private interest foundations, and also provides fiduciary services through its group companies,  Icaza Trust Corporation and Icaza, Gonzalez Ruiz & Alemán (BVI) Trust Limited, in Panama and the British Virgin Islands, respectively. Joaquín Díaz Strunz is the key contact.

Quijano & Associates

Highlighted for its 'personalised service', Quijano & Associates advises on the incorporation, tax structuring and administration of companies and foundations, as well as assisting with succession planning and asset protection. The firm offers international services from its offices in Switzerland, the British Virgin Islands, Belize, the Seychelles, Hong Kong and the Bahamas. Jaime Sánchez, who leads the practice, advises on international structures and estate planning. Managing partner Julio Quijano has expertise in the formation of legal entities in various jurisdictions, while Randall Webster focuses on advising Panamanian companies and private interest foundations. Associates Marissa García and María Carla Macrini are also noted.

Practice head(s):

Jaime Sánchez

Testimonials

‘A personalised service and prompt attention to specific matters is what gives this firm an advantage over others.’

‘Jaime Sánchez, Marissa García and María Carla Macrini handle cases personally and very quickly, focusing on how to better serve the client and find practical solutions.’