Panama´s Private Interest Foundations (Trusts)

A Private Foundation is a unique form of legal entity, which acts like a Trust and operates like a
company.

There are many advantages of Private Foundations:

It offers 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
transaction carried outside of Panama; simple ongoing administration; complete management
privacy and confidentiality.

A Foundation may transact business in whatever currencies it chooses Its founders, members of
the foundation council and protectors may be of any nationality and may be residents of any country.

The accounting books of the Private Foundation may be kept in anywhere in the world.

A Foundation is an entity that is different from any other legal entity known in Anglo-Saxon law
because it is not the legal personification of a person or group of persons (as with a corporation),
rather it s a legal entity that does not have owners (share-holders, participants, or partners), and it
traditionally has a specific purpose for the benefit of a general group of individuals.

The Panama Private Interest Foundation offers clear advantages for international estate planning,
providing the ultimate in privacy, anonymity, and protection to the Protectors, Founders, and
Beneficiaries of the Foundation. The Panama Foundation is a solution to a global need for an
affordable, anonymous, flexible, private, estate planning vehicle that can be used to hold assets
such as corporations, trusts, bank accounts, investment accounts, real estate, or any other type of
asset.

Panama Foundations are Anonymous – Only the nominee foundation council members appear in
the public registry. Our law firm does not list you as the founder for privacy. The protector and the
beneficiaries are not publicly available. The letter of wishes or instructions as to how the Panama
Foundation assets are to be handled is also a secret document. You normally receive signed but
not dated letters of resignation from the nominee council members.

The Panama´s  Foundation is Tax Free – Under Panama Law the Panama Foundation is tax free
as long as all the income is derived from offshore, not from within Panama. Panama has no
inheritance taxes at all. In Panama there is no capital gains tax on bank interest. In Panama there
is not tax on gains from the sales of securities unless they are from a Panama Corporation.

A Panama Foundation can own corporations anywhere, it can own real estate, boats, airplanes, art
work, gold, rare stamps and coins, jewelry, patents, royalty rights, autos,  stocks, bonds, options
and other things of value.

In reality, there are quite a number of practical uses and strategies for the Panamanian
Foundation.  As an asset protection vehicle, there is probably no better entity in any jurisdiction at
the present time for this purpose.  For more information on how to use a Panamanian foundation
as part of an overall asset protection strategy, and to hear about ways we have assisted other
clients, please contact our office.
Foundation Package $1095.00  Order Now !                          DIAZ BARRETO LAW OFFICES
All included !
Foundations