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PRIVATE INTEREST FOUNDATIONS

Private Foundations in Panama:
A Panamanian Private Interest Foundation offers a unique legal entity, which acts like a Trust and operates like a company. It has numerous advantages, such as total secrecy and anonymity, no requirement to disclose beneficiaries, no requirement to file annual returns or financial statements, full exemption from taxation on any business activity or transactions carried outside Panama, simple ongoing administration, complete management privacy and confidentiality.

Private Interest Foundations are an ideal alternative regarding the security of client investment portfolios, or for the protection of the founders beneficiaries and/or close friends.

The constitutional procedure is simple and the Foundation Charter may be written in any language if submitted together with its Spanish translation. Other requirements for Foundations are minimal.

Panamanian Private Interest Foundations are eminently suitable international instruments for making payments to designated beneficiaries or members of one or more specified families. Payments may be for their maintenance, education, up-bringing, clothing and other relief, assigning funds of a Family Foundation for general purposes, outside the family, for charitable or church purposes, for inheritance purposes similar to a will, or any clearly defined asset protection purpose.

Please contact our offices for further details on our Foundation, Trust and Company services.

 

 
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