We advise Canadian Expats who are or wish to reside in Panama with complete financial planning, wealth management and estate planning.
01Truly Independent Advice
We provide reliable, transparent, and efficient advisory services to simplify and help you achieve your financial goals. As required, we will refer you to proven partners in both Canada and Panama.
02Strategic Financial Advice
Designed to help you achieve success with wealth creation. With a personalized, results-driven approach, we guide you in making smart decisions and emotional control that are essential to successful investing. We will optimize your resources and help ensure efficient and sustainable financial management.
03Care and Consideration
We care about every detail of your investment. We will consider all aspects surrounding your financial objectives, time horizon and tax situation. We are dedicated to providing you with the best solutions, always focusing on your personal well-being and ensuring results that reflect your needs.
Transocean Global Consulting Ltd
Transocean was founded to assist Canadian Expats and those Canadians seeking alternative residency options. We offer sound advice on the process and post departure reinvestment options.
Incorporated in the BVI and operating out of Panama City, Rep of Panama, Transocean has the experience of its founder along with local and global partners to provide solutions for those seeking Panama as their new residence.
Out services are designed for those residing in Panama who desire proven and effective fee-based investment solutions to meet financial objectives.
Estate Planning
Financial Planning Services
Investment Selection and Guidance
Estate planning is a crucial component of financial planning. It ensures that your assets
are distributed according to your wishes upon your passing, while also minimizing taxes,
legal fees, and streamlining the estate process. We offer assistance with legacy planning,
trust planning, charitable giving, and business transition planning. We can coordinate
legal reviews to ensure your will and powers of attorney are structured correctly.
We believe that financial planning is an ongoing process and that a well-written financial
plan is a living document. Over time, it must be revisited and amended as a client's
situation evolves. A solid financial plan serves as a roadmap, helping to prepare for
retirement income, major purchases, special needs, and unforeseen events. Our financial
planning approach follows a proven six-step process:
Our services are best suited for clients seeking professional investment advice. Investors
typically aim to grow and preserve capital, and as capital increases, so does the potential
to generate income. Additionally, minimizing income taxes is a critical component of
effective investment strategy.
Our primary focus is to help you achieve your long-term financial goals, ensuring you
maintain financial well-being and adequately fund your retirement. We capitalize on global opportunities, leveraging geographical, currency, and geopolitical diversity to optimize returns. Incorporating alternative and private investments has been shown to reduce overall volatility while enhancing returns. Furthermore, fixed and income-oriented securities, such as bonds, real estate, and related income trusts, play a valuable role in achieving multiple investment objectives across all types of portfolios.
Investment and Financial Planning
Panama is a country with a diversified economy and a booming real estate sector, making it an attractive destination for domestic and international investors. Below is a description of the investment opportunities and financing plans available in different sectors:
Panama has a growing agricultural sector, with investment opportunities in the production of fruits, vegetables, grains, and other agricultural products.
The real estate market in Panama is dynamic, offering diverse investment opportunities in residential, commercial properties, and development projects.
Panama offers an attractive residency program for investors seeking permanent residency in the country. To qualify, investors must make a real estate investment of at least USD $200,000.
Depending on your citizenship and current residency, departing for a "greener pasture" may be more beneficial for some than for others. For Canadians, who are taxed based on "residency," leaving Canada and obtaining residency elsewhere can absolve you of further tax liability to the Canada Revenue Agency (CRA). For Americans, the story is different, as taxation is based on "citizenship." The only true way for an American to escape the IRS is to renounce citizenship, which is a significant and complex step, though some individuals do choose this path.
Panama offers various property management services, including rentals, maintenance, and owner representation.
Investors in Panama have access to various financing options, such as bank loans, developer financing, and private equity. The terms and conditions depend on the investment type and the investor's profile.
In addition to traditional investments such as stocks, exchange-traded funds (ETFs), and other mainstream securities, Panama offers a diverse and growing economy that attracts
both domestic and international investors. Below are examples of alternative investment opportunities available in various sectors. Please note that some of these opportunities require investors to be "accredited," with minimum investments typically ranging from $20,000 to $50,000. This is especially true with agriculture purchases.
Michael Prittie
Michael Prittie is President/Principal of Transocean Global Consulting Inc. Formerly based in Ottawa, Canada, Michael embarked on a career in wealth management in 1986. Over time, he became a registered Discretionary Portfolio Manager, Senior Financial Advisor and Branch Owner of a Canadian securities dealer specializing in public and private equity investment solutions. He and his team advised clients over his 37-year career period providing excellence in wealth management, tax and financial planning services.
He possessed a number of valued designations; Chartered Financial Planner (CFP), Certified Investment Manager (CIM), Fellow of the Canadian Securities Institute (FCSI) and Certified International Wealth Manager (CIWM) to name a few. Michael also became a respected and well-known source for financial advice and information to Canadian media outlets. Some of his articles can be found within this website. Michael developed long-term relationships with individuals, families and business owners who sought sound investment advice and tax planning strategies up and until his retirement in Dec 2023. This is when Michael’s succession plan to his son Adam was realized and he and his spouse finalized their three-year plan to depart Canada and relocate to Panama as residents
A commitment to clients
A skilled, knowledgeable and principled financial advisor best serves clients when all aspects are considered, such as:
Understanding the current situation and parameters of engagement
Discerning Investment risk and financial objectives, taxation and estate planning.
Developing a mutually beneficial and transparent business relationship
Incorporating the Laws of Wealth Creation and a written plan.
Following a disciplined, common sense and common goal approach and the acknowledgment that fees are only an issue in the absence of value.
By understanding and adhering to “our behaviour today determines our history tomorrow”.
Blog & News
We provide client communication touch points that provides many valued added features and benefits such as economic and makert updates, quarterly newsletters and mature client oriented publications.
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We advise Canadian Expats who are or wish to reside in Panama with complete financial planning, wealth management and estate planning.