- Attractive prices with reasonable ongoing costs.
- The procedure for registration very fast.
- Foundations as a requirement to be incorporated need to have as patrimony US$10,000.00 at least, which can increase with the contributions made by the Founder or third parties.
- Confidentiality in every aspect related to the Foundation
- Easy to adjust for the protection of assets and an excellent strategy for a person's succession planning.
- The founder of the Foundation can be a natural or legal person. We may act as the Founder for you, but you will always have the control over your assets.
- A Private Interest Foundation offers a trustee structure able to, but not restricted to, transfer assets to beneficiaries once the Founder dies.
- A Foundation can continue existing after the Founder's death.
- The Foundation achieves its goals through a ¨Founding Requirement¨ where are explained the objectives and preferences of the client. Such Requirement can be modified if the right to do so is established in the Founding Minutes.
- Foundations can perform commercial activities, practice their gained rights, possess properties, have obligations and be part of administrative or judicial process.
- Assets of a Foundation are legally independent from the Founder and once they are passed to the Foundation they no longer belong to the Founder; consequently not actions can be applied to the Founder because of them, anymore.
- Once assets are transferred to a Foundation they cannot be subject to any action, such as embargos or preventive measures, although they might be involved when are incurred in failures derivates from achieving the Foundations objectives.
- The incorporation, assets transfers, amendment or dissolution of Foundations are tax exempt. They can be structured to be revocable or irrevocable and the accountability to the beneficiaries is optional.
- Foundations organized by other jurisdiction can be force as Foundations in Panama and vice versa, Foundations organized in Panama can be force in other jurisdictions.
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