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Private Interest Foundations PDF Print E-mail

 

The Panama Private Interest Foundation (PPIF) is a private foundation formed under the laws of Panama. It is based upon the Liechtenstein "Stiftung" (a family foundation).

 

Features 
Foundations are mainly used for philanthropic or estate planning purposes. In terms of the legal structure, a PPIF lies somewhere between an offshore company and an offshore trust.

 

Functionally an offshore foundation differs from an offshore company in that a foundation cannot engage directly in commercial business activity, although it may own investments such as property, stocks, bonds and companies.

 

The foundation has a founder, council members, a protector and beneficiaries. There are no owners to a Panama Foundation.

 

Benefits

  • Fully protects assets - Since the PPIF is not owned by anyone (it has no owners), the assets of the PIF can't be claimed if the founder, council members, protector or beneficiaries have unpaid debt.
  • According to Panama law, the assets of a PPIF are non-freezable. There are some exceptions, but if the money has been in the foundation for over 3 years, it's certainly non-freezable
  • Foundations can be used to help family members financially according to the protector’s instructions.
  • It can be used to collect royalties.

 

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