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Panama Legal Announces Relocation Plans To Global Bank April 29, 2008

Panama Legal, the Panamanian law firm received recognition today from the Martindale-Hubbel Directory of Legal Services as the law firm with
the best visibility on the internet in Panama. The No. 1 position comes as the Asset protection specialists move to prestigious new offices in the Global Bank building on Panama City’s 50th Street.

Founded in 2006, Panama Legal has expanded rapidly on the back off the rising interest in Panama as an offshore Tax Haven. The law firm specializes on offshore company formation, Corporate trust agreements and various offshore banking facilities including trust and anonymous banking in Panama and Guatemala.

A spokesperson for the company said that they had benefited, not only from the resurgence in popularity of Panama as a tax haven but also because of the increased regulation and uncertainty in European Tax
havens following breaches of Bank security in the region.

“Panama has always been a destination for those looking for privacy and security in their private arrangements” the spokesperson remarked.

“Since the 1970’s we have been at the forefront of Asset protection for clients. With the problems that are now being faced in Europe, our privacy laws and trust arrangements have meant that we can now offer clients what European tax havens can no longer offer, complete privacy and security. Our banking system is as modern as any in the world and in Panama, confidentiality is sacrosanct. We cannot be intimidated by external government as they are trying to do in Europe so we are seeing many individuals and companies moving to Panama to protect their assets”