Panama Offshore Foundations for Asset protectionIn Panama a foundation has special protections under the laws of Panama. Foundations are anonymous in that the names or identities of the foundation protector and beneficiaries don't appear in any database or government registry. Of course our legislation agency supplies the foundation founder for that consumer preserving the privacy of the client. The Panama government doesn't even know who the foundation protector and beneficiaries are. Foundation property are almost not possible to freeze. Foundations are totally tax free. Foundations can own corporations, real estate in Panama or anywhere else in the globe, art, gold, stocks and bonds, boats, planes, vehicles, make loans and also have bank accounts with checking accounts, ATM playing cards and Visa cards along with online banking. Does not sound like a trust does it? A Panama Foundation by definition has no owner and no share certificates so by definition you can not be the proprietor of the Panama Foundation and of course the corporation can be the 100% proprietor of a Panama Nameless Bearer Share Corporation. The foundation protector who is not an owner of the foundation controls the foundation. The foundation protector could be an unnatural individual like a corporation or another foundation shaped in Panama or elsewhere. A trust can't be the protector of the foundation since a trust isn't a judicial individual. |
