Private Interest Foundation in Panama

The Panama Private Interest Foundation is a legal entity that was created based on the Private Interest Foundation models from different jurisdictions like, Switzerland, Luxembourg and Liechtenstein. The Panama Government have the Panama Private Interest Foundation with more flexible and efficient estate planning instrument for investors around the world.

The Panama Foundation its used for transferring or receiving funds from offshore. Panama Private Interest Foundations may be established for the asset protection of a person or family, or a determined social purpose. In some cases, people use Panama Foundations as instruments for these purposes. One of the uses of the Panama offshore foundation is that the owner of assets donate their funds to their Panama Foundations and later use the Foundation to give special benefits (education, testamentary purposes, etc.) to their parents, or any one else they choose, to avoid fiscal regulations surrounding donations.

Panama Private Interest Foundations are used by who wish to maintain ownership of foreign corporations. The benefit of using the Panama Foundation as a shareholder for their offshore corporation is to dont use the personal name or through a Bearer Share, and transfer the ownership to the name of a panamanian corporation which does not have owners. In this way, there is no question as to who owns the company, since the company's shares are issued to the Panama Foundations' name.

When the client open a corporate bank accounts or investment accounts, the financial institutions require that you reveal the beneficial owners of the corporation. Through the Offshore Panama Foundation ownership strategy, one can state that the Private Interest Foundation is the owner of the offshore corporation. Again, the objective is to remove ownership from their personal name, to the name of a foreign entity whose ownership is anonymous.

The Panama Private Interest Foundations have a different use as a offshore corporation can. The benefits of commercial activities are used for the objectives of the foundation. Private Interest Foundation may function in banking activities, CD's / Ceritifcates of Deposits, money markets, mutual funds, stocks, bonds, etc. These investment activities are for the beneficiaries of the Panama Private Interest Foundation.