Package foundation in Panama Private Interest: opacity guaranteed

The origin of Private Foundations arise in the Principality of Liechtenstein in 1926, its main features are:

• It is an entity between a trust and a corporation. It is a legal entity that does not have owners (shareholders, participants, or partners), but is intended to benefit a group of individuals in general.

• They may have no office or person in the country where the foundation is established.

• The foundations are registered in the Register of Commerce in the country, which contains the Governing Council, the developer and the largest shareholder, but not the others, all these figures contained in the registry will be added by us as a Trust agent.

• The founder is the ultimate authority, to assign, sell, transfer or donate the property, but no pledge or encumber. The founder if he wants cans maintain complete anonymity to the beneficiaries and can be himself the sole beneficiary. The foundation is tax exempt when it conducts business and pays the annual fee of 550 Euros.

• The typical use may be as follows: The donor creates a foundation in Panama, the donor transfers assets or rights to his foundation and this foundation creates an International Business Company (IBC), International Business Company (IBC) buys bearer shares in an investment fund. The document creating the foundation will not have beneficiaries until the donor is missing.

Foundation in Panama Private Interest: Structure anonymous

A Private Interest Foundation is a legal entity that is separate from the founders, administrators or beneficiaries. Foundations may own any property, bank accounts, property investment, shareholders of corporations ....etc. This makes the system more opaque as they make the bearer shares have greater security and privacy.

Foundations have many uses but the most important are:

• The elimination of Taxes in Panama as they never apply taxes: income, capital gains tax withholding, Tax, invention, interest tax, tax on sale of real estate, beneficiaries, estate transfers, property tax, inheritance, succession, inventory.

• There are also charitable foundations or the so-called "Public Interest Foundation" the difference between private foundations and charitable trusts are that they operate only for charitable purposes and without profit.

• The Panama Private Interest Foundation offers advantages for international estate planning, privacy, anonymity, and protection shields, founders and beneficiaries of the foundation. If you have any questions; contact now.

The main reason to have your own private interest foundation in Panama are:

• No taxes.

• Privacy, anonymity

• No piercing the corporate veil.

• No minimum capital.

• Maintenance of foundations are cheap, you pay 550 euro/ year.

• Use of charity foundations.

• Establishing business relationships worldwide.

• Open bank accounts worldwide.

• You can be owners of bank accounts, real estate, investments, corporations, Trusts or any other asset.

Requirements

Passport stamped by notary.

Driver's license or ID card stamped by a notary.

Two Bills: Electricity, water, insurance, bank receipts, gas or telephone. Less than three months old.

Two bank references.

A commercial reference by a lawyer, banker, businessman.

• Passport stamped by notary.

• Driver's license or ID card stamped by a notary.

• 2 bills that can be: electric, water, gas, telephone or bank receipts. Less than three months old.

• 1 bank reference.

• A commercial reference by a lawyer, tax advisor, accountant, banker or businessman.