Apart from being the third largest economy in Central America, South America is projected an annual economic growth of 9% annually. Sounds like a high investment grade and a perfect place for offshore institutional finance placement. The very lenient offshore legal system allows for bank secrecy laws to be strictly in place and that attracts tax-haven-hungry individuals to seek sanctuary in this tiny isthmus.

Unlike the snobbish atmosphere and the mystery laden numbered accounts the Swiss used to have, you have nothing to worry about regularly withdrawing from Panama offshore accounts.

In Switzerland, the not-so-friendly part is, you need a minimum of $250,000 to open an account. Compared to Panama offshore banking, that