Why join the Mossack Fonseca Group
Our worldwide offices embrace and encourage an international community of professionals. Our daily work with clients from more than 105 countries allows us to understand the meaning of a multicultural workspace.
We have a reputation of efficiency and great service that we pride ourselves on. We are driven to be the best in a job that must be diligently executed every day. A good reputation is not given; it is earned in the work place every day.
The world is not short of good ideas, but of people who are willing to make them real. The opportunity to create and lead has shown great success amongst our staff. Not only do we feel the desire to take leadership, we give them the tools and liberty to do so.
We actively seek individuals that want to add value and succeed. Our group favors aspiring leaders who want to work with the very best in a positive atmosphere where healthy competition is promoted.
If you are interested in becoming part of the team please submit your curriculum below. Thank you for your interest in Mossack Fonseca.
To deliver quality, reliable and comprehensive services to our worldwide clients in the legal, trust, investment consultancy** and digital solution fields through our group´s firms, our global network of offices, our highly skilled staff and the cutting edge technology we have always embraced, meeting client needs by generating value while being able to compensate our shareholders, our employees and the society at large in a responsible manner.
**Entity Regulated and Supervised by the Superintendency of the Securities Market of Panama. Licensed to operate as an Investment Adviser. Resolution No. 94-06 of April 26th, 2006.
To be the leading local and international group in the provision of legal and trust services, as well as investment consultancy** and digital solutions, known for our prestigious firms and our commitment to service and excellence.
**Entity Regulated and Supervised by the Superintendency of the Securities Market of Panama. Licensed to operate as an Investment Adviser. Resolution No. 94-06 of April 26th, 2006.
Mossack Fonseca & Co. is committed to offering quality legal and trust services in order to satisfy our clients, under a continual improvement scheme and with competent personnel.
Mossack Fonseca’s commitment to social responsibility continues with the recent inauguration of a lactation room located on its premises designed for the benefit of the many mothers working for the company.
Panama, Republic of Panama – January 18, 2016 /PressCable/ --
A socially responsible corporation that understands how essential it is to assist staff members in achieving a healthy balance between their personal and professional responsibilities, Mossack Fonseca recently inaugurated a lactation room on its premises for the benefit of the company’s mothers. Always keeping in mind the babies’ health and helping maintain the emotional bond between mother and baby in spite of work responsibilities, the addition of an office lactation room is a critical step that reinforces the manner in which the company values the well-being of its staff members and their families.
Through an alliance with Pigeon Global, Mossack Fonseca was supplied with the products needed to make this beautiful project an overwhelming success. Mothers now have a pleasant area with special furniture, a refrigerator, a microwave steam sterilizer and an assortment of Pigeon products designed to assist with this highly beneficial activity. Benefiting both mother and child, the addition of the lactation room is yet another example of how the company works diligently to ensure its clients, shareholders and team members are all accorded the respect they so richly deserve.
Founded in 1977, the company’s mission and core values have long guided the manner in which Mossack Fonseca operates with regard to its clients, its employees and its shareholders. In addition to its commitment to outstanding customer service and its focus on excellence, Mossack Fonseca has created a corporate culture and philosophy built on the tenets of commitment, discipline, responsibility, honesty, loyalty and innovation. The consistent adherence to these core values has driven the company to always consider how its actions will serve others and to pursue the course of action most likely to yield the greatest possible benefit.
It is also worth noting that the company’s longstanding professional partnerships with companies like Pigeon Global play an important role in Mossack Fonseca’s ability to be so successful in the implementation of socially responsible projects such as the recent lactation room addition. Whether it is providing comprehensive legal, trust and accounting services to clients or developing programs for the benefit of employees, Mossack Fonseca has demonstrated its keen understanding of the importance of building relationships based on the qualities outlined in its mission and core values.
About the Firm: The Mossack Fonseca Group is a firm that provides exceptional legal, trust and investment consultancy to clients across the globe. Founded in 1977, the firm offers comprehensive services across every continent, specializing in international business structures, commercial law, wealth management and trust services.
For more information about us, please visit http://www.mossfon.com
Name: Mossack Fonseca
Organization: Mossack Fonseca
Address: 54th Street, Marbella, Panama, Republic of Panama
Phone: (507) 205.5888
Your information has never been safer than with Mossack Fonseca's secure Client Portal.
To ensure we can provide our clients with the most secure and up-to-date protection available, we house all of our servers in-house. Our Client Portal encryption certificates use the most powerful secure socket layer (SSL) encryption commercially available today.
VeriSign is one of the most recognizable Internet security providers, and offers the strongest encryption available with the most rigorous authentication standards.
Mossack Fonseca has always provided our clients with the most secure technology available and we join the 95% percent of Fortune 500 companies as well as the world's 40 largest banks who rely on this technology to keep client information protected.
Opening bank account
We assist our clients in opening bank accounts for individuals and companies. We closely follow the opening process for all necessary documentation is processed with maximum efficiency. Our independent banking advisers can also help you choose the most suitable and in the most appropriate place according to their individual needs bank.
The service includes opening bank accounts:
Asset and fund management
Bearer Share Custody System
The bearer share immobilization system was introduced in Panama by means of Law 47 of 6th August 2013 and was substantially amended by Law 18 of 23rd April 2015. Luis Quiel of Mossack Fonseca shall review here the most important aspects of the custody system, as modified by the most recent amendments.
Entry into Force is Moved Forward
Companies that were formed before 4th May 2015 have up to 31st December 2015 to delete from their articles of incorporation the possibility of issuing bearer shares or to deposit the bearer share certificates with an authorized custodian. The latter would require, either amending the articles of incorporation to expressly allow bearer shares under the custody system, or having such system approved in a board of directors minutes registered at the Public Registry.
If any company does not formally approve (before 31st December 2015) a decision to allow the immobilization of bearer share certificates, the bearer share certificates that it has issued shall be null and void by full right.
The deadline of 31st December 2015 applies only to companies formed before 4th May 2015. For bearer shares issued on or after 4th May 2015, the term expired on 4th August 2015.
Legal Consequences of Lack of Action
Articles of incorporation of companies that envisage the issuance of bearer shares and that have not been amended to provide for immobilization with authorized custodians (save if the decision was adopted through a board resolution duly registered at the Public Registry) will be deemed to have been amended by operation of law as of 1st January 2016. This will cause two important consequences for such companies: 1) bearer shares that are outstanding shall be irrevocably null and void, and 2) the company may not issue new bearer shares.
Immobilization or Custody System
To benefit from the bearer share custody system, certain requirements need to be complied with as follows:
1. Amendment of the articles of incorporation or registration of the decision of the corporation’s board of directors before 31st December 2015, so as to envisage bearer shares in custody according to the system created by Law 47 of 2013 and Law 18 of 2015.
2. Deposit of the bearer share certificates with an authorized custodian.
3. The authorized custodian shall require a sworn statement from the shareholder that includes information allowing due identification of the owner of the bearer shares and the corporation’s resident agent, including contact details.
The law provides for two kinds of authorized custodians: 1) local authorized custodians, and 2) foreign authorized custodians. The former may be banks holding a general license and trust companies authorized by the Panama Bank Superintendence (SBP―its initials in Spanish); brokerage houses and securities clearing houses authorized by the Securities Market Superintendence (SMV―its initials in Spanish); and attorneys at law certified as such by the Supreme Court of Justice.
Banks, trust companies, and financial intermediaries may be foreign authorized custodians if they hold a license for practicing their activities as set forth in jurisdictions that are members of the Financial Action Task Force (FATF) on Money Laundering or are associated members that are registered with the SBP on a special register that the latter keeps to such end.
Rights over Certificates in Custody
The ownership of shares in custody may be transferred without need for the physical delivery of the certificates, provided that the owner advises the custodian that he/she has made the transfer and that the acquirer submits a sworn statement to the custodian that includes the required information (name and identification data, as well as contact data).
The law provides, likewise, for an interesting pledge system that allows the creation of such encumbrance on bearer shares in custody, by the owner merely giving notice to the authorized custodian whereby he/she advises the pledging of the shares as well as the lienholder’s full name, physical address, telephone number, and email address.
Lastly, a special inheritance disposition system has been created for bearer shares that allow owners to dispose mortis cause of their shares, without need for such shares to be the object of a probate process for their transfer upon the grantor’s death.
As Luis Quiel of Mossack Fonseca has outlined, as of 1st January 2016, bearer shares that are not regulated by the custody system in accordance with Law 47 of 2013, as amended by Law 18 of 2015, shall be irrevocably null and void by operation of law. It is important to take provisions in time and to make corporate decisions in accordance with the formalities set by the law. Otherwise, the legal and financial consequences of the annulment of the rights inherent to such bearer shares may be quite costly.
The First Blogger Influencer Week Will Take Place from 27th February to 5th March 2016
PANAMA CITY, PANAMA--(Marketwired - December 01, 2015) - The Intellectual Property Division of the Mossack Fonseca Group will take part in the first Blogger Influencer Week as a leading company promoting the importance of a blog's content registration and copyright protection.
The organizers mainly seek to develop opportunities to enhance Panama as a tourist and business platform by promoting the talent of the most recognized, respected, and influential national and international bloggers.
"Panama City will once again play a leading role in an avant-garde event that is full of innovation with the first Blogger Influencer Week. As a leading company in our industry, we support these kinds of initiatives for the purpose of communicating and sharing the importance of copyright registration and protection," stated the head of the Mossack Fonseca Intellectual Property Division, Ms. Raquel Araúz.
Ms. Araúz added that they have expanded their suite of services, aka Multiple Intellectual Property Services (MIPS), to guarantee the complete protection of trademarks, patents, and copyrights-thereby avoiding the counterfeiting and imitation of their clients' products and services, both nationally and internationally.
The first Blogger Influencer Week will take place from 27th February to 5th March 2016 with various events to be held in the Republic of Panama. For more information regarding MIPS, please follow @mossfonmips in twitter using hashtag #CuidaTusIdeas.
Lexa de Wittgreen
Marketing Communications Manager
MOSSACK FONSECA & CO. (PANAMA)
54th E. Street, Panama
Tel. +507 205 5888 ext 377
On November 23, 2015, the Jersey Financial Services Commission (JFSC) released a white paper that outlines the way it will regulate firms in the future and how entities will interact with them going forward.
The JFSC’s Change Programme is their response to the rapid growth of global regulation, volatile financial markets, and increased competition from other financial centres, and the potential rewards for timely and effective innovation.
The JFSC’s stated objective is: “to deliver balanced, progressive, risk-based financial regulation for Jersey, built on insight, integrity and expertise”. They are targeting five areas in order to achieve their goals:
1. Improved risk awareness and management
2. Enhanced authorization and supervision
3. Better information management
5. An enhanced people strategy
The JFSC indicated that additional announcements will be made as the Change Programme is phased in over the coming months.
For details, please visit the JFSC website at: Jersey's Change Programme
Panama is a country known for the diversity of nationalities that converge in its territory. It is something that we Panamanians have seen since we were children. In fact, many Panamanians have friends who remained in Panama due to work or love. It is common to encounter a Chinese owner of a convenience store, or a merchant with a foreign accent in a shopping mall. The above-mentioned situations are but a few examples of the great diversity of cultures in Panama.
However, despite the fact that Panama has a long-standing tradition of welcoming foreigners from all over the world, it has developed labour laws designed to protect Panamanians’ jobs. The labour laws in Panama limit the percentage of foreigners that can work for a company. Several professional licenses are prohibited for foreigners, including medicine and law. We do not intend to pass judgment on the labour laws as appropriate or inappropriate; we only refer to them to inform our readers.
It has been possible to overcome some of these legal setbacks through the promulgation of migratory and labour legislation creating new immigration statuses. For example, foreign university graduates or nationals of a country among those appearing on the list of 48 privileged countries, commonly known as “friendly nations”, are now eligible for one of the new immigration statuses.
Nevertheless, this does not provide a solution for everyone, and much less to those who, despite having one or more university degrees, cannot work in their profession as a result of a law that prevents them from obtaining a license reserved only for Panamanian nationals.
Neither do such legal restrictions provide a solution to the ever growing number of foreign investors who are eager to trade their products in the retail sector, which is another activity reserved for Panamanians by the Constitution. Such persons, quite often pressed by circumstances, may choose to naturalise or become citizens.
This is basic information for lawyers, but it is also good for others to keep in mind that the National Constitution sets out three separate conditions under which a person may request naturalisation:
1. Five consecutive years of residence in Panama
2. Three consecutive years of residence in Panama if there are children born to a Panamanian mother or father or Panamanian spouse in Panama
3. By reciprocity, if the person is a national of Spain or another Latin American country, and fulfils the same requirements for naturalisation of a Panamanian in that country.
In any event, one should bear in mind that the above-mentioned residence needs to be permanent and obtained in accordance with the respective migratory procedures. In addition, proficiency in Spanish and basic knowledge of Geography, Spanish, and Panama Political Organization must be proven through a test given by the Electoral Tribunal. A foreigner seeking naturalisation should note that the National Constitution requires renouncing the nationality of origin. Although an affidavit is used for this purpose, same which is attached to the naturalisation file, those documents need not be presented to the country from which a person renounces. However, it must be taken into account that in some countries renouncing nationality has legal effects, whereas there are no such effects in others.
Naturalisation is usually a lengthy process considering that by law the President of the Republic needs to review such requests, and that the matter itself, due to national security, requires participation of certain government agencies.
As we do not foresee a Constitutional amendment in the near future, and modification of certain laws regulating the subject entails long consultation periods, it may well be wise to start thinking about the naturalisation process as a viable option.
Immigration Services Offered by Mossack Fonseca
Our full suite of immigration services encompass all of the current Panama visa programs for tourists, immigrants, workers, investors, foreigners married to Panamanian businessmen/women, and others. A partial list of the many visa programs we can assist you with includes:
• Naturalisation as Panamanian Citizen
• Friendly Nations Visa
• Pensioner Visa
• Professional Employment Visa
• Reforestation Investor Visa
• Self Economic Solvency Visa
• Business Investor Program
• Married to Panama Citizen Visa
• Parents of Child Born in Panama Visa
• Tourist Visa
• Tax Free Processing Zone Investor Program
In addition, we can assist clients with extensions, exit and entry permits, residency, and a host of additional visa, immigration, and other legal services.
If you have any questions or would like further information, please do not hesitate to contact your local Mossack Fonseca office, or email us at email@example.com or firstname.lastname@example.org
The Mossack Fonseca Group is a leading international corporation which provides comprehensive legal, trust, technological and accounting services. With over 500 staff members in all continents, Mossack Fonseca provides personalized advice based on more than 36 years of experience in the market. They also offer world-class service through their exclusive online services which are available 24 hours a day.