PANAMA'S THE PLACE TO BE

Panamanian lawyer and Mossack Fonseca & Co representative Ramses Owens was recently in the Isle of Man as part of a European-wide campaign to raise his country's profile as a well-regulated finance centre and to promote its financial products.

Mr Owens had travelled from Panama to meet with his Jersey-based colleague Nick Poole and Kate Higgins from the Isle of Man branch of Mossack's operation.

He explained how products, such as Panamanian private foundations investment vehicles that were a cross between a private company and a trust were products that offered significant benefits, but that the European misconception of Panama was working against the products' more widespread acceptance.

 

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