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TransOcean Global Consulting Ltd. was founded to assist Canadian expats and those seeking alternative residency options. We offer sound pre-departure tax planning, post-departure guidance, and guided investment options. Incorporated in the BVI and operating out of Panama, TransOcean Global Consulting Ltd. has the experience of its founder, along with local and global partners. While Panama continues to attract most of our clients, we provide solutions for those seeking Mexico, Latin America, and Europe as their new residence and help ease the process. Our strictly fee-based services are designed for those seeking advice who desire cost-effective, proven solutions to achieve their new objectives. 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: Michael Prittie is President/Principal of TransOcean Global Consulting Ltd. 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 residentsHelping Individuals and Families Relocate Abroad with Clarity, Tax Efficiency, and Long-Term Financial Confidence.
Cross-border financial planning, community and selective real estate considerations, investment structuring, and tax coordination for those desiring to build new lives outside Canada. Whether Mexico, LATAM or Europe, we have the expertise and contacts.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.
Estate PlanningFinancial Planning ServicesInvestment Approach 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's agricultural sector is expanding, offering investment opportunities in producing fruits, vegetables, grains, and other agricultural products.
The real estate market in Panama and other regions 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 occasional 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
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 engagementDiscerning Investment risk and financial objectives, taxation and estate planning.Developing a mutually beneficial and transparent business relationshipIncorporating 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.
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.
A Wave of Deal-Making for Data Center Cooling
When thinking about Data Centers, it pays to consider companies supplying and supporting them - whether in the build process or once in operation mode. Early Crypto Investors Are Locking In Real-World Assets
If you’ve been in crypto for a while, you’ve probably seen it all. The parabolic runs, perhaps some sleepless nights and the kind of gains most investors only dream about.Panama Maintains The Investment Grade According to The Rating Agency Moody’s
International qualifier Moody’s Investors Service confirmed Panama’s sovereign risk rating in Baa3, keeping it within the investment grade.Contact Us
We bring the breadth of our experience and industry knowledge to help you succeedCall Us
+507 6301-9026
Email
transoceanconsulting@protonmail.com
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Helping Individuals and Families Relocate Abroad with Clarity, Tax Efficiency, and Long-Term Financial Confidence.
Services
Investments
Helping Individuals and Families Relocate Abroad with Clarity, Tax Efficiency, and Long-Term Financial Confidence.
Services
Investments
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