PANAMA PRIVATE INTEREST FOUNDATIONS

About Panama Private Interest Foundations

Private Interest Foundations were originally created in Liechtenstein, as a new legal entity that brings together the benefits of the Trusts, for asset management; with the practicality of the Corporations, for its legal existence and structure.

The Private Interest Foundations (P.I.F.) were created in Panama by Law 25 of June 12th, 1995, and since then, they have become a great legal instrument both for holding and protecting assets.

Panama Private Interest Foundations cannot engage in commercial businesses, although it may own investments such as real estate, company’s stocks, or bank accounts.

Our law firm has long experience forming Private Interest Foundations for our clients, either to hold real estate, company’s shares, brokerage accounts or bank accounts in Panama, as well as in other countries.

Benefits:

  • By Law, the Private Interest Foundation’s assets are not subject of being sequestered by acts of its founder, board members or beneficiaries
  • Great for Family Assets’ structures
  • It is a combination of a foreign trust and a foreign company
  • Differently from a Corporation, the Private Interest Foundation has no owner, but a founder (the granter) and the beneficiary (the grantee)

If you have further questions, please check our Frequently Asked Questions.

Ready to open your Private Interest Foundation? Contact Us for more information

Open your Private Interest Foundation in Panama Today

Start your Private Interest Foundation (With Nominees)
(There is a charge of $300 per year to use Nominees. First year is included in this cost)

$1,800.00Add to Order

By law, opening an Private Interest Foundation (PIF) requires naming at least 1 person (individuals or entities) as a Founder and 3 for Council Members. Founders and Council Members may or may not be the same persons. Together, Founders and Council Members are responsible for the PIF management and administration before the law . The names of Founders and Council Members are recorded in the Panama Public Registry.

Panamanian law allows the use of Nominee Founders and Council Members. Kraemer and Kraemer offers our law firms’ Corporate Nominees, which can be appointed as your Nominee Founders and / or Council Members in your PIF. This has an additional cost of $300 PER YEAR, and allows you to use up to 3 Corporate Nominees, provided by our firm.

Using Corporate Nominees is a good option when you are concerned with personal privacy. However, please be advised that some Panamanian banks may not be willing to work with an IBC registered with Corporate Nominees.

Start your Private Interest Foundation (No Nominees)

$1,500.00Add to Order

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