Since the G20 meeting the Panama Company has been under quite a bit of fire from the US Government and Congress.  Currently the US and Panama have a reciprocal free trade agreement between the two and the US government wants to do away with this agreement until Panama either hands over information on Americans in the jurisdiction which means doing away with their banking privacy laws or taking drastic measures to change legislation which makes Panama a fiscal paradise.  The US has always had a strong hold in Panama even after their retreat and the hand over of the Panama canal. Many Americans who currently own or are the beneficial owners of a Panama Company have been looking for safe alternatives before the house of cards begins to fall down around them.  The Seychelles Company has been one of the best alternatives offering the highest level of privacy available in the offshore industry today.  Since there are no directors reported on the registry and there can be bearer shares issued for the company, the Seychelles IBC is one of the safest as well as the most private company available on the market today.  Despite claims against the integrity of certain jurisdictions by the overwhelming number of Panamanian Lawyers dedicated to a very competitive and overpriced offshore industry, Belize Companies are also an excellent choice for those planning their exodus from Panama.  They boast the same features as a Seychelles company other than there is the requirement to maintain all bearer shares at the registered office as well as the share capital of a Belize Company is US$50,000 opposed to the US$1,000,000 share capital of the Seychelles company.  Other potential good choices are also available for the Panama company and they would all be considered based on the specific needs of the company as well as business activities.