Panama Legal, the Panamanian law firm received recognition today from the Martindale Directory of Legal Services as the law firm with the best visibilty 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 by Gisela Martinez Saenz and Gilma Chiari Guerra in 2006, Panama Legal has expanded rapidly on the back off the rising interest in Panama as an offshore Tax Haven. The law firm specialises 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 benefitted, 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”