The answer to this question depends completely on your situation, and a definitive answer can only be given if you explain your situation to us during a no-obligation consultation. Keep in mind that becoming the director of your own corporation completely forfeits all of the anonymous benefits of a corporation with nominee directors. As a general rule, we have outlined some common scenarios for when you should and shouldn't assign yourself as the director of your Panama corporation:
Cases where you should use nominee directors:
- You are interested in legally saving on taxes
- You wish to protect your assets from the government, auditors, or a spouse
- You do not want the corporation linked back to you in any way
Cases where it's okay to be the director of your own Panama corporation:
- You plan on conducting business in Panama
- You plan on purchasing assets in Panama
- You plan to live or are currently living in Panama
- You need special licensing for a Panama business
If you are interested in maintaining anonymity but you want trusted acquaintances to be the directors of your corporation, you can also provide your own directors.