Panama has been offering to amend its corporate legislation to the same degree of confidentiality as other OECD members. As we see from the example of bearer shares in OECD member Greece, they can exist perfectly without the need of immobilization or restriction when issuers are non-listed corporations. Bearer instruments also exist for business entities in Wyoming (U.S.) and England.
The level playing field is more levelled in some places...
By Konstantinos Thomopoulos
See also OECD Report Towards a Level Playing Field