Panama Offshore Foundation

Panama Private Interest Foundation assets take on a separate legal identity from the personal assets of the Protector, Founder, Council, or Beneficiaries. Panama Offshore Foundations offer several advantages, like providing privacy, anonymity and protection to the Founders and Beneficiaries of the Foundation.

Private Interest Foundations expenses and annual fees are very similar to Corporations. They operate tax free when your incomes are offshore and the address could be changed any time.

The Panama Private Interest Foundation is a type of entity that is a combination between a trust and a corporation. A Foundation is an entity that is different from any other legal entity known in another countries because it is not the legal personification of a person or group of persons, as with a corporation, rather it is a legal entity that does not have owners (share-holders, participants, or partners), and has a specific purpose for the benefit of a general group of individuals.

Private Interest Foundations Origins
The creation of the concept "Foundation" began during the Roman Empire, under the influence of Christianity. The Catholic Church was considered a divine foundation, and had the legal control for administrating its' patrimony. The original foundations were not created for serving a private need for a specific individual or family, rather they were formed for serving the needs of a community. Several centuries later, the legal entity denominated as a "Foundation" continues to exist and is widely used and accepted around the globe for personal and private needs.

The concept of a "Private Interest Foundation" began when the Principality of Liechtenstein created the "Law of Persons & Companies", the 20th of January, 1926 (Personen und Gesellschaft Recht - P.G.R.), which created the "Family Foundation", (for the private benefit of the members of one or more families) and the "Mixed Foundation".

The Private Interest Foundation is a excellent for the administration of assets. The Foundation should be authorised to preserve, administer, and invest the assets consigned to it and to conclude all commercial and legal transactions necessary to the realisation of its purposes. The responsibility for day-to-day management lies with the Foundation Council. Our law firm understands that the purposes for establishing a Private Interest Foundation are diverse. For sample, a client’s needs may not be suited simply with a Foundation "off the shelf". Attorneys are available to meet with clients to draft the necessary provisions of the Foundation Charter and the subsequent Bylaws (known as "the Regulations") to ensure that the Private Interest Foundation is established in accord with the specific needs of each client.