Private Interest Foundations
Why you should consider Panama.
If you are interested in protecting your properties, patents, bank accounts, and other assets while keeping your identity confidential, a Panama Private Foundation might be what you are looking for.
In essence, a Panama Foundation is a separate legal entity, that has the capacity to execute rights and acquire obligations, as a matter of fact, a Panama Private Foundation does not have shareholders or members. It is created by a declaration of the Founder and usually has a purpose to protect the assets of the foundation on behalf of the Founder or Beneficiaries.
The Founder and the Beneficiary may be the same person and after three years Assets transferred to the Foundation become out of reach of creditors.
If you would like to learn more, get in touch with us for a free consultation.