Panama foundations have been around for decades, but for many, little is known about them. This page features the Panama Private Interest foundation and all the facts on its structure, the formation process, the legal requirements, the foundations advantages and the benefits. We also include the quick link to the Panama package we offer.
Offshore foundations established in Panama are governed by the Private Interest Foundations Law of Panama, Law No. 25 of June, 1995.
This structure has its own legal personality, which makes it an independent person separate from its founder, beneficiary, object, and council members.
Once created, a foundation becomes the sole, legal owners of property it receives.
Panama Private Interest Foundations are not intended for use as commercial vehicles like IBCs and LLCs; they are not profit oriented. Council members may however, from time to time, invest and undertake commercial activities in furtherance of the foundation’s purpose and objectives.
Asset protection objectives defer widely depending on what it is that a founder intends to achieve; example:
In setting out to achieve these goals with a Panama foundation, founders enable themselves to:
When ordering an offshore foundation in Panama, you are required to:
Our company sets up offshore foundations in Panama with nominee council members only. The powers of nominee council members are limited; for more information in this regard please contact us.
Two methods of foundation formation include, a) the execution of private document by the founder bearing his signature and endorsed by a notary public at the place of formation; b) constitution directly before a notary public at the place of formation.
Where an offshore foundation in Panama is created either by public or private document, to have effect after the death of the founder, the formalities to execute wills are not applicable.
The Charter states the:
Get in touch with us, to receive all guidelines necessary for satisfying formation requirements for Panama offshore foundation, as well as advice to help frame your decision on the device that best suits your offshore needs.