Panama Foundations
Friday, June 29th, 2007Trustmoore (Curaçao) N.V. can also arrange for the set up and/or management of a Panama Private Interest Foundation (Panama Foundation). The big advantage of creating a Panama Foundation is that there are no tax treaties; therefore no exchange of information whatsoever will take place, guaranteeing your privacy and protection of your assets. Furthermore, a Panama Foundation has no owner. Since a Panama Foundation can be shareholder of another company, you can in fact own a profitable company but cannot be called owner therefore avoiding being personally taxed. If desired, you can distribute payments to family members or other people by expressing these wishes to the foundation.