One of the world’s best means of asset protection is a Panama private interest foundation. A Panama private interest foundation is an effective holding entity for assets. What follows is an overview of how such an entity works and how to set one up. As with all legal matters consult a competent authority to set up and maintain a Panama Foundation. Deal with or through someone who speaks your language. Make sure that you understand every step you take and why you are taking it. That having been said let’s start with what it will cost. Watch video in link below
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Attorneys in Panama often suggest a Panama private interest foundation as a means of protecting you again a foreign attack on your assets as well as any possibility that Panama might ever change its laws regarding foreign ownership.A Panama Foundation cannot engage in commercial activities in Panama but it can own a business that does so. This rule is strictly meant to prevent use of the corporation to avoid paying taxes on income derived from a business in Panama. With a Panama foundation and/or corporation you can still invest in Panama but not tax free.