Mossack Fonseca

The Mossack Fonseca Group is a leading international corporation which provides comprehensive legal, trust, technological and accounting services. With over 500 staff members in all continents, Mossack Fonseca provides personalized advice based on more than 36 years of experience in the market. They also offer world-class service through their exclusive online services which are available 24 hours a day.

Panama Not on Tax Haven List: Passes Strict DC Test

The Republic of Panama is not included on the District of Columbia’s (DC) list of tax havens for fiscal year 2016. The DC Fiscal Year 2016 Budget Support Act of 2015 defines “tax haven” as a jurisdiction that:


  • Has no effective tax, or a nominal tax on the relevant income
  • Has laws and practices that prevent the exchange of tax information with other governments
  • Lacks transparency
  • Facilitates the establishment of foreign entities without a local presence or impact on local economy
  • Excludes local residents from taking advantage of the tax regime’s benefits
  • Has a tax regime that is favourable for tax avoidance

The government of Panama has recently enacted laws that include stringent controls, supervision, and regulation of its banking, financial, and non-financial sectors.