Bearer shares are required to be held in the country of incorporation by a Fiduciary Institution for all the jurisdictions with the sole exception of Panama. Panama requires to know the beneficial owner behind the bearer shares. The Panama company also requires a minimum of three (3) directors. This restriction removes any advantage of the shares to the owner. Further to this, banks are reluctant to open bank accounts for companies which have issued bearer shares and some businesses will not enter into agreements and contracts with them. A better alternative is the use of our nominee shareholder service with a Declaration of Trust issued by the nominee shareholder to the beneficial owner. Our company offers this nominee shareholder service free of charge. If you really desire to have bearer shares only, we can offer two (2) options; 1/ Bearer shares and a bank account in Dominica. The bank will hold the bearer shares as the fiduciary. 2/ Bearer shares in a Panama company and a bank account in any bank we offer.