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In Panama, a foundation is an offshore asset protection tool that can be used in the form of a trust. At the inception of the foundation a “secret letter of wishes” is created to manage the funds even past an owners life time.
At the inception of the foundation a “secret letter of wishes” is created to manage the funds even past an owners life time. A foundation is an offshore asset protection tool that can be used in the form of a trust. In this way an offshore bankers beneficiary can avoid estate taxes.
A foundation can hold all your assets and have a bank account, but a foundation can not conduct business. This is why a simple foundation isn’t effective enough for anonymity and security.
A foundation can own a corporation, and the corporation can conduct all the business. This makes the foundation/corporation structure is the ideal choice.
Any business that is conducted outside of Panama is not taxable through Panamanian income tax. So if you have your offshore corporation within a foundation, you can conduct your business through the offshore account and plan your income taxes accordingly. This is a powerful tax planning strategy as well.
If you are interested in offshore asset protection, chances are you’re interested in privacy protection.
This is why a simple foundation isn’t effective enough for anonymity and security. This makes the foundation/corporation structure is the ideal choice.
The layering effect at the points of access as well as the anonymity that goes along with nominee directors, ensuring that your name will never get out to the public are the reasons why a foundation including an offshore corporation is the way to go.
If you’re going to go out now to get your offshore asset protection started, consider the best offshore banking structure: The foundation/corporation. It will not limit you to asset holdings, it will not tax you, and it will layer your anonymity protection to ensure your privacy.
Tags: Business
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