Panama Private Interest Foundation I

PANAMA P RIVATE I NTEREST I
F OUNDATION
http://robertgirga.com/RobertGirga/

PANAMA P RIVATE I NTEREST
F OUNDATION I

 This is the first of a two part
series about Panama Private
Interest Foundations.

 http://robertgirga.com/RobertGirga/panama-
private-interest-foundation-i/

 Understanding each and
every step is important. Know
why you are doing so.

http://robertgirga.com/RobertGirga/panama-private-interest-foundation-i/

 A Private Interest
Foundation created in the
country of Panama is one of
the world's best means of
asset protection


 Parts one and two of this
series contain and overview
of how such an entity works
and how to one is set up.


 Readers should consult with
competent authority to set
up and maintain a Panama
Foundation.


 It doing so it is paramount to
deal with or through
someone who speaks your
language.


F OUNDATION I

Part one deals with cost and
general use of the
foundation,.

Part two lists the various parts of
a Panama Private Interest
Foundation and the roles of the
various persons involved.


W HAT D OES A PANAMA
P RIVATE I NTEREST
F OUNDATION C OST ?
*Minimal *Cost of *Yearly *Fees to
investme an cost of governm
nt of attorney attorney ent =
capital = to set up = up to $400 a
$10,000 = up to 400 year
$2,000

http://robertgirga.com/RobertGirga/panama-private-interest-
foundation-i/

These are typical costs as of
this writing Be sure to
consult competent authority
for current facts and
figures


 Also do not be afraid to shop
around. If you are dealing
with a native speaker of
your language it will make
things easier.


 Plan upon doing this right as
a properly set up Panama
Private Interest Foundation


 is a very useful vehicle
that will outlast your
lifetime, that of your
children, and perhaps of
your grandchildren.


T HE VARIOUS U SES AND
P URPOSES OF A PANAMA P RIVATE
I NTEREST F OUNDATION

 Think of a Panama foundation
as a holding entity for privacy
and protection of assets.

 http://robertgirga.com/RobertGirga/panama-private-
interest-foundation-i/

 Assets offshore to Panama
can be included in a Panama
foundation but are not
taxed in Panama.

 Foundation assets are only
taxed in Panama if they
generate income in Panama
such as with a company
selling goods or services in
the country.


 But in such a case the
business owned by the
foundation is taxed and not
the foundation itself.


 The foundation could receive
income after taxation from
such a business.


 Many use an offshore
corporation formed and
headquartered outside of
Panama


 as an asset of a Panama
with increased asset
protection as the primary
purpose.


A P ANAMA P RIVATE I NTEREST F OUNDATION
CAN OWN ASSETS ANYWHERE IN THE WORLD .
S UCH ASSETS COULD INCLUDE BUT NOT BE
LIMITED TO :

 Bank accounts

 Property

 Businesses


 Patents

 Airplanes

 Boats


 Cars
 Royalty rights
 Stocks
 Bonds
 Collectables


A SSET P ROTECTION F EATURES
OF A PANAMA P RIVATE
I NTEREST F OUNDATION

http://robertgirga
.com/RobertGirga
/panama-private-
interest-
foundation-i/

S TATUTE L IMITING
P ROSECUTION FOR F RAUDULENT
C ONVEYANCE
 Individuals and companies may
move assets into a Panama
for any and all personal and
business purposes


 However, it does happen that
interests outside of Panama
may dispute such transfers
after the fact.


 Panama law currently
protects the founder and
beneficiaries of a foundation
in that there is


 a three year statute of
limitation on charges of
fraudulently conveying
assets into such a legal
vehicle.


S EPARATE L EGAL E NTITIES

 It is always possible that a
business operating in Panama
or elsewhere can get into
legal trouble, criminal or
civil


 Standard advice when
including a business in a
Panama Foundation is to use
the foundation as a holding
company.


 If legal issues arise they
are dealt with by the
company without affecting
other aspects and assets of
the foundation.


 Here again it is wise to deal
with someone fluent in your
native tongue and with
competent Panamanian legal
authority.


F OUNDATIONS L AST A L ONG
T IME
 A Panama private
interest foundation can
continue in existence to
provide asset protection
in Panama for 120 years.

 http://robertgirga.com/RobertGirga/panama-private-interest-
foundation-i/

S UMMARY

 Individuals and companies
looking for privacy and
asset protection commonly
use a Panama Private
Interest Foundation.


 One can use a foundation in
Panama plus an offshore
corporation instead of a
trust or a will.


 When considering how to
protect your hard earned
wealth consider a Panama
Private Interest Foundation.


 Read Panama Private
Interest Foundation II for
more about the various
parts and persons involved.


 For more insights and useful
information about Panama
Foundations and other
aspects


 of living offshore, making
money offshore, preserving
assets offshore, and more
visit www.RobertGirga.com.


Panama Private Interest Foundation I

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Panama Private Interest Foundation I