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https://companylistingnyc.com/author/baccarattructuyen/ http://www.travelful.net/location/5069854/vietnam/baccarattructuyen https://willysforsale.com/author/baccarattructuyen/ http://winnipeg.pinklink.ca/author/baccarattructuyen/ https://active.popsugar.com/@baccarattructuyen/profile https://www.fimfiction.net/user/561650/baccarattructuyen The Panama Foundation is a type of private foundation specifically designed as an asset protection tool. It was introduced by the Panamanian government (through the Private Interest Foundation Law) in 1995 and is based on the principles of the Swiss, Luxembourgish and Liechtenstein family foundations. The most obvious benefit of the Panamanian Private Foundation is that it is a separate legal entity, independently able to exercise its rights, enter into contracts, acquire property, etc. On the other hand, the difference between an offshore limited liability company and a private foundation is that the latter does not engage in commercial activity and cannot be used for commercial purposes. It is also not to be confused with a corporation, which has owners and members. However, a Panamanian private foundation can engage in investment activities: real estate, stocks, bonds, patents, equity, shares, etc. Typically, a Panamanian private foundation is established for a specific purpose, which is to benefit an individual or a group from the foundation. The Panama Charity Public Foundation is used for charitable purposes, while a Panama Private Interest Foundation is most likely established to preserve and protect the inheritance of assets from family members or others. Main advantages of the Panamanian private foundation Incorporating a private foundation in Panama offers the following benefits to its owners. Confidential: names and addresses of the beneficiaries are not available to the public Tax exempt: no taxation in Panama and no taxation on worldwide income Distinct legal personality Simple structure: the founder and the beneficiary may be the same person; no requirement to appoint officers or directors Out of reach of creditors No financial statements or audit obligations https://www.confiduss.com/en/services/solutions/taxes/asset-protection/
