Private Interest Foundations, as well as Corporations, are legal entities that are organized with the main interest of protecting an economic activity. A Private Interest Foundation is also known as Foundation.
They are created with the purpose of protecting assets, personal assets, bank accounts, real estate and others.
The main uses of a Private Foundation are the protection of the partial or complete heritage, the name of the founder of the Foundation is protected, acts as a testament without passing through a succession trial, may be owners of goods and real estate located outside the Republic of Panama without paying taxes within Panama for said goods.
The private interest foundation is managed by us following a specific instructions from our clients, the PIF are created in a context of tax planning and for a specific needs. To know about its advantages contact us.