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Asset Protection Through Panama Foundations And Corporations |
By:
Grace Balmorda |
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Asset Protection through Panama Foundations and Corporations
Grace Balmorda
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.
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.
Some people wonder why a simple foundation isn't effective enough for anonymity and security. A foundation can hold all your assets and have a bank account, but a foundation can not conduct business.
This is why the foundation/corporation structure is the ideal choice. A foundation can own a corporation, and the corporation can conduct all the business.
Foundation with a corporation is a powerful tax planning strategy as well. 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.
When a foundation owns a corporation, which owns a bank account, this is the only powerful privacy protection offshore structure you will ever need.
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.
It will not limit you to asset holdings, it will not tax you, and it will layer your anonymity protection to ensure your privacy. If you're going to go out now to get your offshore asset protection started, consider the best offshore banking structure: The foundation/corporation.
For help setting up http://www.offshorelegal.org/bearer-share-corporation.html panama bearer share corporations and http://www.offshorelegal.org/foundations.html panama foundations please take a minute to visit the OffshoreLegal.org website. This and other http://www.uberarticles.com/?id=16629&b=79 unique content 'panama offshore corporation' articles are available with free reprint rights.
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Article Source: http://www.statssheet.com/articles/article63455.html |
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