One of the best ways for US Citizens to benefit from a Panama Incorporation is by using a nominee.  Due to the heavy hand the US Government has in Panama, it is always advisable for those looking to take advantage of the benefits offered by the jurisdiction to consider using a nominee director. A nominee can act as a shield between you and your personal information and the national registry of Panama.  Unlike many other offshore jurisdictions, Panama maintains an open public registry of all companies incorporated within its jurisdiction.  In doing so anyone who can speak enough Spanish can walk into the registry and stand in line and obtain a complete extract of the members and shareholders of the company.  By establishing the company with nominee directors the details revealed by the registry will be limited to the information on the nominees and not the true beneficial owner of the company.  Now, some may ask “What are Nominee Directors?”, and the answer is an individual or company who acts as director on your behalf while providing a power of attorney in order for the beneficial owner to act in the best interest of the company.  Since Panama has excellent taxation and corporate entity legislation, a nominee can provide a safe way for US Citizens to take advantage of the jurisdiction while keeping their activities private.