Offshore merchant accounts now offered by offshore banking service provider, Liberty Enterprises Inc.
(PRWEB) May 27, 2005 -- Liberty Enterprises Inc., Vancouvers source for offshore banking, has just announced a strategic partnership with Bermuda-based international merchant account provider First Atlantic Commerce (FAC).
This continues the expansion of secure e-commerce payment solutions offered by Liberty Enterprises Inc. in Panama. Internet merchants will have the ability to accept their products in 58 different currencies with settlement in US dollars.
An e-commerce bill was signed into law by Panama's President, Mireya Mosocoso in July 2001 making the countrys legislation favorable to Internet businesses, particularly those in the health, hospitality, and online pharmaceutical industries.
We are targeting sales and promotional efforts for our Panama solution in response to increasing demand from our referral partners across the world, and merchants who approach Liberty Enterprises Inc. directly," said Peter Flowers, Liberty Enterprises CEO. They require leading-edge international billing solutions to be able to expand their Internet business to consumers in the thriving Central American arena."
"Taxation in Panama is on a territorial basis; taxes only apply to income generated within Panama itself. Therefore, IBC Companies can capture all credit card transactions in an offshore and completely tax-fee environment through an International Business Corporation," said Peter Flowers.
To qualify for the Liberty Enterprises Panama e-commerce solution, merchants should process a minimum of USD $20,000 in sales per month, must be willing to complete the necessary merchant application form, provide valid due diligence documentation, and have a minimum of six months credit card processing statements.
Liberty Enterprises Inc. will assist all potential merchants in establishing the necessary business structures required by the Card Associations by establishing all required company formations for potential Internet merchants.
For more information about offshore merchant processing and the services provided by Liberty Enterprises Inc., please visit http://www.confidentialbanking.com
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