PANAMA PRIVATE FOUNDATION

Purpose/Use

 As a Will to distribute assets to your heirs with minimal taxes and costs
 To guarantee the subsistence of your family by ensuring funds for education
and health purposes
 As a substitute for marriage articles or pre-nuptial agreements
 As a holding company to own real estate, personal properties and shares
and stocks in companies
 As an investment tool to manage bank and brokerage accounts
 For the conservation and continuity of the family business

Advantages

 Exempted from all forms of taxation (except Panamanian annual franchisee

tax)
 Privacy & Confidentiality - Foundation’s assets, protector, beneficiaries and
principal (settlor) remains private
 Not required to file income returns, financial reports or annual meetings
 Accounting books can be kept in any country
 No limitations on the amount of assets allocated to the foundation
 Can carry out civil and commercial transactions in any currency worldwide
 Ensures that assets are guarded from adverse situations such as forced
heirs, future claims by creditors and political or economical instability in the
country where the client resides

Requirements

 Name of Foundation
 Full name and address of Beneficiaries (You can also be included as a
beneficiary)
 Copy of the passport of all beneficiaries, council members and protectors
 Minimum assets of US $10,000 to be included in the list of assets (other
assets can be included later)
 List of Assets and how they should be distributed to beneficiaries
 Additional assets must be transferred into the name of the foundation
 Administrative & Foundation Council (We can provide this)
 Protector and Substitute Protector (Optional)
 Resident Agent (to be provided)
 Founder (to be provided)

Private Foundation Package

 Preparation and filing of Foundation Charter 
 Government fee
  Panama Registered Agent and Registered Office fees for the first year
 Foundation Charter in English and Spanish 
 Founder (as provided by the client) 
 Appointment of members of the Foundation Council (as provided by the
client) 
 Preparation of Foundation Regulations 
 Preparation of Private Document appointing Beneficiaries 
 Minutes Book of the Foundation
 The initial capital of the Foundation is US$10,000

Total Aprox. Cost : $1600.00

The following documents are included in the Private Interest Foundation

(PIF) Package:

 The original copy of the public deed issued by Notary Public of Panama,
whereby is notarized and registered the Foundation Charter, certified by
Apostille.
 Official translation into English of the Foundation Charter, certified by
Apostille.
 Original Certification of Incorporation issued by the Panama Public Registry,
stating that the Foundation is in good standing, certified by Apostille.
 Official English translation of the Foundation Certificate of Good Standing
issued by the Panama Public Registry.
 Foundation Regulations, sample document for your reference.
 Official receipt for the first annual franchise payment of US$350.