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The anonymity and
privacy of the beneficiaries is kept, since their names are not registered
in any Public Office. |
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No requirements to
file annual returns or financial statements; full exemption from taxation
of any business activity transacted out of the Republic of Panama. |
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The Panamanian
Foundation offers flexibility, to transfer or to administrate a patrimony
on behalf of the same founder or third parties, families, children or
inheritors. |
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Provide a fiduciary
structure for the orderly transfer and disposition of the assets to the
beneficiaries upon the death of the Founder, keeping control of assets
during lifetime. |
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Inheritance laws that
apply in the domicile of the founder or the beneficiaries, shall not be
effective against the foundation's assets nor may these laws affect the
validity or performance of the foundation's objectives.
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A Private Interest
Foundation duly organized in other countries, may be redomiciled in Panama
and adopt Law 25 of 1995, as the legal provision applicable to the same,
through the registration of its foundational instrument. |
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Its cost is very
competitive with respect to those of other foreign jurisdictions. |
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The Panamanian legislation regulating Foundations, confer upon the
Foundation excellent mechanisms for the protection of the same against
third party claims. |
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The founder may act
through a corporation if he desires so. |
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The Foundation allows
the investor to perform transactions and investments and to distribute the
proceeds generated from the same, with a grade of impenetrability superior
to any other type of investment instrument.
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Brief
Incorporation time
frame, approximately five business days. |
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Panama, like many other international financial centers, only taxes income
produced or generated by economic activities carried out within the
country, and even inside the country there are certain incomes which are
tax free. Consequently, someone who utilizes a Panamanian Private
Foundation outside of Panama shall not be subject to taxes within the
country of Panama, with the exception of the annual franchise tax
mentioned in the preceding paragraph. |
