Private Interest Foundations
A private interest foundation is a non-profit legal entity created to manage and protect assets for the benefit of persons designated by the founder. Although it does not have commercial purposes, it may carry out economic activities if they are ancillary and aimed at fulfilling its objectives.
Key Features
Creation and Incorporation
They are established through a Founding Act registered with the Public Registry of Panama. No minimum capital is required, but it is generally recommended to have at least $10,000 USD as initial assets. It can be created by a natural or legal person, either Panamanian or foreign. It must have a Founding Council, which manages the foundation.
Beneficiaries and Regulations
Los beneficiarios no se inscriben en el Registro Público, garantizando confidencialidad. Las reglas sobre distribución de bienes y administración se establecen en un Reglamento Fundacional
Control and Administration
The administration falls under the Founding Council, composed of at least three individuals or one legal entity. It can have a Protector, who oversees that the Founding Council complies with the founder's wishes.
Privacy and Confidentiality
The names of the beneficiaries are not public. Panama does not require the disclosure of the foundation's financial information.
Private Interest Foundation Services
Discover what I can do for you
Constitution and Registration of the Foundation
Drafting of the Foundation Charter and its registration in the Public Registry.Advisory on structuring the foundation according to the client's needs.
Drafting of the Foundation Bylaws
Preparation of the document that establishes the foundation's internal rules.Definition of beneficiaries and conditions for asset distribution.
Administration and Legal Compliance
Foundation Council services and appointment of members.Appointment of a Protector to oversee administration.Compliance with international regulations.
Asset Protection and Estate Planning
Advisory on securely transferring assets.Protection against litigation and claims.
Us
Why choose Panama for your private interest foundation?
Private interest foundations in Panama are an excellent tool for asset protection, estate planning, and succession planning. They offer legal security, confidentiality, and tax benefits.
Private Interest Foundations in Panama
Protect your assets with tailor-made legal solutions
Panamanian lawyers play a key role in their creation, administration, and legal compliance, ensuring that the interests of the founder and beneficiaries are protected.If you seek to preserve your wealth and secure the future of your heirs, a private interest foundation in Panama could be the best option.