How Does a Panama Foundation Work?

One of the world's best means of asset protection is a Panama private interest foundation. A Panama private interest foundation is an effective holding entity for assets. What follows is an overview of how such an entity works and how to set one up. As with all legal matters consult a competent authority to set up and maintain a Panama Foundation. Deal with or through someone who speaks your language. Make sure that you understand every step you take and why you are taking it. That having been said let's start with what it will cost.

Cost of a Panama Private Interest Foundation

  • $ 300 per year to government, typically less than $ 400 a year to attorney
  • Minimum Capital Investment: $ 10,000
  • Attorney cost to set up: Less $ 2,000 than

These are typical costs. Part of this is payment to the government and part is to the attorney. If prices you are quoted seem to high do not be afraid to comparison shop. By all means make sure that you are comfortable with whom you deal with from the outset as these entities are meant to last for a very long time.

What a Panama Private Interest Foundation Is Used For

Use a Panama foundation as a holding entity for asset protection and privacy. Overseas assets of a Panama foundation are not taxed in Panama. The only taxation related to a Panama foundation would be if the foundation owned a business operating in Panama. In that case the business would be taxed, not the foundation. The foundation could receive post-tax dollars from the business. Consider joining a foundation with an offshore corporation, in Panama or elsewhere, for increased asset protection.

A Panama foundation can own assets anywhere in the world. This includes bank accounts, patents, real estate, companies, personal assets such as airplanes, cars, etc., royalty rights, stocks and bonds, and collectibles such as coins and stamps as a partial list.

An example of the asset protection of a Panama private interest foundation is that there is a three year statute of limitations on "fraudulent conveyance." That is after three years no on can successfully challenge you in a Panamanian court for transferring assets to the foundation. Thus a Panama foundation will provide long term asset protection free from challenge of foreign jurisdictions after the initial three year period.

The Foundation's assets can only be frozen if the foundation itself is accused of doing something illegal it its own business dealings. Standard advice for a Panama foundation is to use the foundation as a holding company. If a company owned by the foundation has to deal with legal issues they do not spill over into other foundation business.

Attorneys in Panama often suggest a Panama private interest foundation as a means of protecting you again a foreign attack on your assets as well as any possibility that Panama might ever change its laws regarding foreign ownership.

A Panama Foundation can not engage in commercial activities in Panama but it can own a business that does so. This rule is strictly meant to prevent use of the corporation to avoid paying taxes on income derived from a business in Panama. With a Panama foundation and / or corporation you can still invest in Panama but not tax free.

A Panama private interest foundation can continue in existence to provide asset protection in Panama for 120 years.
The Cast of Characters in a Panama Private Interest Foundation

Panama Foundation Founder

A Panama foundation has a founder. This need not be you. This is the person who files the papers with the public registry in Panama to register the foundation's existence. Typically the law firm that sets up the foundation for your will hire a person who does not know you to file the papers. This person has no knowledge of the assets or activities of the foundation and no control.

Panama Foundation Council

A Panama foundation has a council. Each member is recorded in the public registry in Panama. The council members need not know the identity of the beneficiary nor protector of the foundation. Each council member provides you with an updated letter of resignation. The foundation can be set up so that council members have no control over assets and no banking privileges. The primary purpose of the council is to appoint the foundation's protector by means of a Private Protectorate Document. This document is not registered anywhere.

Panama Foundation Protector

The Panama foundation council appoints the protector. Then the council can be replaced. The protector's identity can be kept out of public records.

The control of the foundation is exercised by the protector. After being anonymously appointed by the council the protector may remove and change the council.

The protector produces a private written set of instructions which is not placed in any public registry. These instructions describe what the foundation does and how it will do it. The beneficiary can change with circumstances.

Panama Foundation Beneficiary

A Panama foundation has beneficiaries. No one owns the foundation. It is a legal entity that functions for the benefit of its beneficiaries at the direction of its protector. Beneficiaries may be anyone or any entity, including the protector. For example, you can have yourself appointed protector and appoint yourself beneficiary with the stipulation that upon your death your children become the beneficiaries.

Panama Foundation Registered Agent

The law requires that each foundation has a registered agent. This is has to be a law firm or single attorney in Panama.

Summary

Use a Panama private interest foundation if your goal is privacy and asset protection. Use a foundation in Panama along with an offshore corporation in Belize or Panama as an alternative to a trust or will. Think about what you want to do in regard to protecting your hard-earned wealth. Then consult an expert to see how a Panama Private Interest Foundation can help you accomplish what you need to do. Start with someone whom you can trust and, ideally, someone who speaks your language.

Filed under: general Tagged with: , , , , . - permalink.

41 Responses to How Does a Panama Foundation Work?

  1. nike dunks says:

    Thank you so much for giving everyone an extraordinarily terrific possiblity to discover important secrets from this site. It really is very great and packed with amusement for me and my office acquaintances to visit your web site at least 3 times weekly to read the new guidance you have got. Not to mention, I’m always fulfilled for the gorgeous thoughts served by you. Some 3 tips in this article are basically the most suitable we have all had.

  2. Aw, this was a very nice post. In concept I wish to put in writing like this additionally ?taking time and precise effort to make an excellent article?however what can I say?I procrastinate alot and not at all appear to get something done.

  3. fitflops says:

    My wife and i got now comfortable when Edward could round up his researching through the ideas he discovered out of your web pages. It’s not at all simplistic just to continually be giving freely tips which other people could have been trying to sell. We discover we need the blog owner to appreciate for this. Most of the illustrations you have made, the easy blog navigation, the relationships your site give support to promote – it is mostly superb, and it is leading our son in addition to us recognize that the matter is fun, and that is especially important. Thank you for the whole lot!

  4. I simply needed to thank you very much yet again. I’m not certain the things I might have accomplished without the creative ideas provided by you over such a field. It had been an absolute daunting case for me, but taking note of the very specialised style you solved the issue took me to weep with happiness. I’m just happier for this information and in addition wish you recognize what a great job you’re getting into instructing men and women with the aid of your website. More than likely you’ve never got to know any of us.

  5. I precisely needed to say thanks once more. I do not know the things that I might have made to happen in the absence of the methods discussed by you on such a industry. This was a terrifying crisis in my opinion, however , taking a look at this expert strategy you dealt with that made me to cry over delight. I’m just grateful for this information as well as expect you realize what an amazing job your are accomplishing teaching many people thru your webpage. Most likely you’ve never encountered all of us.

  6. adidas nmd says:

    Would you be concerned with exchanging hyperlinks?

  7. I wanted to post you one bit of word so as to give many thanks yet again for your precious concepts you’ve documented on this page. This is certainly extremely generous of you to deliver unhampered all a few individuals could possibly have made available as an e-book in making some cash for their own end, and in particular since you might well have tried it in the event you wanted. Those secrets likewise served to become good way to fully grasp that many people have a similar eagerness the same as my own to learn whole lot more when considering this issue. Certainly there are several more fun occasions in the future for those who see your blog.

  8. adidas nmd says:

    Can I simply say what a relief to find somebody who really knows what theyre talking about on the internet. You undoubtedly know learn how to deliver a difficulty to light and make it important. Extra people must learn this and understand this aspect of the story. I cant imagine youre not more fashionable since you undoubtedly have the gift.

  9. air max 90 says:

    Thank you so much for providing individuals with such a brilliant opportunity to read in detail from this site. It can be so superb and as well , stuffed with fun for me personally and my office friends to visit your site a minimum of 3 times every week to read the new items you have got. And indeed, I’m also usually fascinated concerning the sensational principles served by you. Some 1 tips in this article are clearly the simplest we have had.

  10. I would like to voice my affection for your kind-heartedness giving support to all those that must have help on the niche. Your personal commitment to getting the message all around ended up being remarkably informative and has truly encouraged somebody like me to get to their dreams. Your own helpful guideline can mean this much a person like me and extremely more to my colleagues. Warm regards; from all of us.

  11. Thank you for every one of your effort on this site. My mom loves getting into investigations and it’s easy to see why. We all notice all about the lively ways you convey good solutions via this blog and foster contribution from some other people on the concern then our child is actually discovering a lot of things. Take pleasure in the remaining portion of the new year. You’re performing a glorious job.

  12. adidas nmd says:

    Thank you so much for providing individuals with an extremely remarkable opportunity to check tips from this site. It is always very great plus full of a lot of fun for me personally and my office fellow workers to search your site really 3 times per week to read the latest stuff you have got. And definitely, I’m also usually impressed with all the stunning tactics you give. Selected 4 areas on this page are essentially the most effective we’ve ever had.

  13. gucci belt says:

    Thanks for all of the efforts on this website. My daughter take interest in getting into investigation and it is easy to understand why. My partner and i notice all about the powerful method you offer practical solutions through the web blog and therefore boost response from other individuals on this point and our favorite daughter has always been discovering a lot. Take pleasure in the remaining portion of the year. Your conducting a terrific job.

  14. I precisely had to thank you very much again. I do not know what I would’ve sorted out in the absence of the creative concepts documented by you regarding this problem. It had been a distressing setting for me, but witnessing the very skilled approach you handled the issue forced me to leap over gladness. I’m just thankful for this advice and thus sincerely hope you really know what a great job that you’re putting in instructing the others through the use of your web site. I know that you have never come across all of us.

  15. I’m also commenting to make you understand of the superb encounter my friend’s princess went through using your web page. She learned several pieces, which included how it is like to possess an ideal giving spirit to get certain people just grasp specified advanced things. You truly exceeded people’s expectations. Thanks for imparting such practical, healthy, revealing and fun thoughts on your topic to Evelyn.

  16. I want to show some thanks to this writer just for rescuing me from this type of crisis. After surfing around throughout the search engines and getting methods which were not powerful, I believed my life was gone. Being alive without the presence of solutions to the problems you’ve solved all through your post is a serious case, as well as the ones which could have in a negative way affected my entire career if I had not discovered your web site. Your actual knowledge and kindness in maneuvering every part was invaluable. I’m not sure what I would’ve done if I hadn’t encountered such a stuff like this. I am able to at this point relish my future. Thank you very much for the professional and effective help. I will not hesitate to recommend your blog to anybody who needs and wants assistance about this situation.

  17. I and my friends have already been reading through the excellent tips found on your web site and then quickly developed a horrible suspicion I had not expressed respect to the blog owner for those techniques. My people are already warmed to read all of them and now have honestly been using these things. I appreciate you for really being indeed considerate and for figuring out this form of excellent resources millions of individuals are really eager to discover. Our sincere apologies for not expressing gratitude to you earlier.

  18. I and my pals came looking through the nice solutions located on your web site and so before long I got a terrible suspicion I had not expressed respect to the site owner for those techniques. The people are already happy to learn them and have undoubtedly been loving those things. Appreciation for being very kind and also for choosing variety of fantastic subject matter millions of individuals are really wanting to understand about. Our own sincere apologies for not expressing gratitude to earlier.

  19. I needed to write you one very small word to finally give many thanks over again with the nice tips you’ve discussed here. It was certainly extremely open-handed of you to allow freely precisely what many people could have marketed as an e book to generate some bucks for their own end, chiefly now that you could possibly have tried it in case you decided. The smart ideas likewise worked as the great way to be certain that some people have similar fervor really like my personal own to figure out a lot more on the subject of this issue. I am sure there are numerous more pleasant opportunities in the future for many who read your blog.

  20. yeezy boost says:

    I simply needed to say thanks yet again. I am not sure the things I would’ve undertaken without the smart ideas shown by you about such concern. It was actually a very intimidating case for me, however , witnessing a new professional avenue you managed that took me to leap for joy. Now i’m grateful for this work and as well , expect you really know what an amazing job you have been getting into educating the mediocre ones through your web site. I am sure you’ve never encountered any of us.

  21. I simply wished to thank you very much yet again. I do not know the things I would’ve achieved without those thoughts shown by you over that question. It was before a real challenging situation in my view, however , encountering a new specialized fashion you resolved that forced me to jump with contentment. I am just happier for this support and in addition have high hopes you really know what a great job your are accomplishing instructing the mediocre ones using your website. Most probably you haven’t met any of us.

  22. adidas nmd says:

    Thank you a lot for providing individuals with an extremely breathtaking chance to read in detail from this web site. It really is very nice and as well , packed with amusement for me and my office peers to visit your blog minimum thrice in 7 days to find out the newest tips you have got. And indeed, we’re always contented with your dazzling tips you serve. Selected 4 facts on this page are certainly the most impressive I’ve had.

  23. birkin bag says:

    I am glad for commenting to let you be aware of what a nice discovery my daughter had reading your site. She learned numerous pieces, with the inclusion of how it is like to possess a great helping mindset to get folks without difficulty understand specific complex matters. You undoubtedly surpassed our expected results. I appreciate you for producing the interesting, trustworthy, informative and even fun tips about the topic to Evelyn.

  24. jordan retro says:

    I as well as my friends ended up viewing the excellent helpful hints located on your site and then quickly came up with an awful feeling I had not expressed respect to the web site owner for those strategies. These young boys were as a result glad to see all of them and have pretty much been taking pleasure in those things. Many thanks for genuinely so accommodating and then for using this sort of impressive issues most people are really desirous to be aware of. My very own sincere regret for not saying thanks to you sooner.

  25. I have to convey my respect for your kindness in support of women who absolutely need assistance with this important issue. Your real dedication to getting the message up and down became amazingly effective and has surely allowed guys like me to reach their objectives. Your warm and friendly suggestions signifies so much a person like me and a whole lot more to my mates. With thanks; from each one of us.

  26. My wife and i were happy Emmanuel managed to deal with his studies from your precious recommendations he obtained through the blog. It’s not at all simplistic to just be handing out concepts that many the others might have been trying to sell. And we see we’ve got the website owner to give thanks to for this. The specific illustrations you have made, the straightforward blog navigation, the friendships you will make it easier to engender – it’s all spectacular, and it’s really letting our son and our family reason why the idea is interesting, which is rather mandatory. Many thanks for all!

  27. adidas yeezy says:

    A lot of thanks for all of your hard work on this website. My mum enjoys carrying out internet research and it’s really easy to see why. We all hear all of the lively tactic you deliver very helpful techniques through this website and as well as welcome contribution from website visitors on that idea and our favorite simple princess is always becoming educated a lot. Take pleasure in the rest of the new year. Your carrying out a dazzling job.

  28. adidas neo says:

    I must show my affection for your kind-heartedness in support of individuals that actually need assistance with this one question. Your personal commitment to getting the message all through appears to be surprisingly informative and have really helped some individuals like me to realize their ambitions. Your personal interesting help and advice implies so much to me and substantially more to my fellow workers. Regards; from each one of us.

  29. goyard bags says:

    I am glad for commenting to make you know what a terrific encounter my wife’s child developed browsing the blog. She came to find a good number of details, which included what it is like to have a wonderful coaching style to let the rest smoothly fully grasp certain complicated topics. You truly exceeded her desires. I appreciate you for providing these beneficial, trusted, edifying and also easy thoughts on your topic to Sandra.

  30. I intended to send you that little bit of word in order to thank you the moment again relating to the beautiful ideas you’ve discussed above. It was generous with you to make unhampered what many individuals could possibly have marketed for an e-book to help with making some money for themselves, chiefly seeing that you could have tried it in the event you decided. The points additionally worked to become easy way to be certain that most people have the same dream like my personal own to realize a whole lot more with respect to this issue. Certainly there are a lot more pleasurable opportunities up front for those who look into your blog.

  31. I have to point out my affection for your generosity supporting those individuals that actually need assistance with in this area. Your special commitment to getting the solution all around had become wonderfully invaluable and has truly helped individuals just like me to realize their objectives. Your entire valuable recommendations can mean this much to me and much more to my fellow workers. Best wishes; from all of us.

  32. I precisely wanted to thank you very much yet again. I do not know the things I would have accomplished in the absence of the aspects shown by you over such subject matter. Previously it was a fearsome matter in my view, but viewing a new specialized way you solved it forced me to jump with fulfillment. I’m just grateful for this service and thus trust you realize what an amazing job you happen to be getting into educating other individuals through the use of your blog. I am sure you’ve never met all of us.

  33. yeezy shoes says:

    Thank you a lot for providing individuals with a very special opportunity to read critical reviews from this website. It’s usually very awesome and as well , full of amusement for me and my office fellow workers to search your website at a minimum thrice every week to see the fresh guides you will have. And definitely, I’m also usually amazed considering the sensational knowledge served by you. Selected 3 points on this page are ultimately the most beneficial I’ve ever had.

  34. ultra boost says:

    I and my friends ended up checking out the best tips and hints from your site then immediately got an awful suspicion I had not thanked the website owner for those techniques. All the men were for that reason very interested to see them and have now honestly been having fun with them. We appreciate you simply being so kind and then for obtaining such smart subject matter millions of individuals are really wanting to be aware of. My personal sincere apologies for not expressing gratitude to earlier.

  35. jordan shoes says:

    I simply wanted to thank you so much once again. I’m not certain the things that I might have accomplished in the absence of the type of tips shared by you over my theme. It had been the horrifying matter for me personally, nevertheless taking a look at your specialized mode you resolved that took me to leap over happiness. Now i am grateful for the work and as well , sincerely hope you comprehend what a powerful job you are accomplishing instructing others using your webpage. Most probably you’ve never met all of us.

  36. I really wanted to write down a brief comment to appreciate you for the superb guidelines you are placing on this website. My time-consuming internet look up has at the end been rewarded with awesome facts to talk about with my guests. I would point out that many of us site visitors are really endowed to live in a perfect community with very many awesome people with beneficial things. I feel truly lucky to have encountered your entire website page and look forward to many more amazing minutes reading here. Thank you once again for everything.

  37. lebron shoes says:

    I just wanted to post a simple note in order to say thanks to you for all of the superb tips and tricks you are placing on this site. My particularly long internet research has finally been honored with extremely good facts to go over with my close friends. I would say that most of us site visitors actually are rather lucky to exist in a remarkable network with very many lovely professionals with insightful strategies. I feel very blessed to have encountered your entire site and look forward to many more brilliant minutes reading here. Thank you once again for a lot of things.

  38. It is best to participate in a contest for top-of-the-line blogs on the web. I will suggest this website!

  39. air max 90 says:

    you could have a terrific blog here! would you wish to make some invite posts on my blog?

  40. you will have an amazing blog right here! would you prefer to make some invite posts on my weblog?

  41. I am often to running a blog and i really respect your content. The article has actually peaks my interest. I’m going to bookmark your web site and maintain checking for brand spanking new information.

Speak Your Mind

Your email address will not be published.