Fort Kobbe is a purpose designed and custom built offshore vaulting and safe deposit box facility situated in the Panama Pacifico FREE TRADE ZONE. We are a privately owned facility and one of a kind in Panama as well as in the Latin American region in terms of the range of services we offer, storage, privacy and security options available to our clients. The facility has been built to the world class exacting standards.
Fort Kobbe Vaults is the only safety deposit facility in Panama which offers “Customs Bonded” safety deposit boxes. This means clients can ship their goods in a customs bonded fashion directly to our facility in the Panama Pacifico Free Trade Zone without ever having to “Nationalize” the goods, thus avoiding the unnecessary scrutiny and lack of privacy involved with having your exact inventory placed on the Panama public record due to transparency on the Panama customs website.
At Fort Kobbe Vaults we pride ourselves on being able to offer our clients a world class concierge service that allows our clients a unique blend of security, flexibility and anonymity.
Our facility meets the highest standards of secure storage. Our multi layered security measures are designed to safeguard our clients’ assets by way of UL3 and UL2 rated vaults, UL3 rated security doors, a biometrically engaged flow system, redundant power systems and use of steel and concrete throughout the entire facility.
Our facility has 24/7 has both onsite and offsite camera and alarm monitoring systems by at three geographically separated security companies, and we are located 3 minutes from the Panama Pacifico police station.
Private storage is unregulated, thereby affording clients a higher level of discretion than bank vaults offer.
Reporting of inventory or personal details does not occur. Other than providing basic anti-money laundering documentation, such as ID and a utility bill, clients can assume as much anonymity as they wish.
Fort Kobbe Vaults does, however, employ third party professionals to monitor and audit both our security / operations and inventory control. Customs inspections on our bonded inventory are a third measure of governance, thus providing the level of oversight expected from Best in-Class private custody operations.
Our clients’ assets are only ever held in an allocated and segregated manner where ownership and control remains singularly by the respective client and off the Fort Kobbe Vaults balance sheet.
CUSTOMS BONDED STORAGE
As Fort Kobbe Vaults is located within a legally designated Special Economic Area, we are licensed as a duty free and tax exempt facility. This allows our clients to benefit from some invaluable advantages from our Customs bonded box rental options or Class III offshore Customs bonded storage.
Since there are no duties reflected on rental invoices, complete anonymity when transporting cargo in country is maintained.
Fort Kobbe Vaults insurance policies are all underwritten by Lloyds of London. Verification certificates are available upon request. Our safe-deposit boxes are all offered with complimentary US$10,000 insurance coverage, with higher limits available. Should a client prefer vaulted storage, then full insurance coverage on all inventory is included.
Political risk insurance against confiscation is also available upon request.
Luigi Wewege is the Senior Vice President, and Head of Private Banking of Caye International Bank headquartered in Belize, Central America. Outside of the bank he serves as an Instructor at the FinTech School in California which provides online training courses on the latest technological and innovation developments within the financial services industry. Luigi is also the published author of: The Digital Banking Revolution which is available in audio, kindle and paperback formats throughout all major international online bookstores – now in its third edition.
Mervyn Taback the founder, previous Chairman, and Chambers Global’s leader in Commercial Law, has more than 40 years of experience. His ability to negotiate and structure complex, cross border, multi-tier Structured Finance transactions on an accessible basis renders his services highly sought after by the likes of BHP Billiton, AngloGold Ashanti and Tsogo Sun. Additionally, Mervyn is actively involved in Listings, Mergers and Acquisitions, Schemes of Arrangement and frequently provides Tax advice.
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