The BVI and Panama’s corporate relationship was explored by an expert panel of practitioners on one of the latest episodes of BVI Business Insight.
Why does the BVI and Panama have a strong bond? According to Gian Castillero, partner at Arias Fabrega & Fabrega, it began in the 1980’s, when the BVI started to promote its corporate services to the international community.
“The BVI was well established, well known with a great reputation, and brought a lot of new technology and other efficiencies that created a fantastic combination, which benefited both jurisdictions,” said Mr. Castillero.
Maria de Lourdes Marengo, partner at Patton Moreno & Asvat (BVI) Ltd. explained that although the relationship began during a very difficult time for Panama, the BVI “presented a fantastic option for clients” who enjoy both jurisdictions’ corporate structures.
Ms. Marengo’s colleague, Michele Hibbert, Executive Director of Patton Moreno & Asvat said that the BVI is attractive to Panama not only because of its flexibility, but also the compatibility of both BVI’s and Panama’s financial services products, which is “what our clients are looking for”.
Watch the latest episode of BVI Business Insight by clicking the link.