Panama Private Interest Foundations

Advantages

From our experience working with Private Foundations we can select the following main advantages of this type of structure that although relatively unknown to many clients has been gaining traction year after year since its inception and has drawn the attention of head of families throughout the world looking for estate planning, asset protection, and in general as a holder of all kinds of assets.

 

Beneficiaries privacy.
No requirement to pay or deposit the Foundation Authorized Capital.
Flexible reporting requirement for activities outside Panama.
Management flexibility.

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. The Founders and the members of the foundation council may hold their meetings in any country and may be represented by proxy.

Foundation books and accounting records can be kept and abroad.
Estate planning.
It is possible to transfer a foreign foundation to Panama.
Low incorporation and maintenance cost.
Asset protection.
The Founder and Council could be a person or a corporate entity.
A superior holding legal structure.
Fast incorporation time frame.
Tax advantages.