Structure of the Private Interest Foundation

Founder: the person or entity that forms the foundation in the public registry. Our firm generally provides a nominee founder, and provides you with a pre-signed, updated letter of resignation from the founder immediately upon incorporation. At that point, the founder holds no control.

Foundation Council: the council serves the same function to the foundation as directors do to a corporation. The council's names and passport numbers are registered in the public registry when the foundation is incorporated.

Protector: performs the function of the ultimate controller of the Foundation. Immediately upon incorporation of the foundation, the council appoints a Protector, through a notarized Private Protectorate Document. Since the document is a private, non-publicly registered document, the Protector remains 100% anonymous. From that point, the Protector has full control over the foundation and all of its assets.

Beneficiaries: appointed by a Private Letter of Wishes, which is written by the Protector. This document is also private and non-publicly registered, so the beneficiaries remain 100% anonymous. The Letter of Wishes can be changed or modified at any time by the Protector only.

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19/11/2007
Recently, a new law was passed by Panama's National Assembly to give multinational companies that perform certain tasks a significant tax break. As a result, according to a company specialising in investment property in Panama, the country's real estate sector is expected to experience an unprecedented boost.
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19/09/2007
The WTO has announced completing a Trade Policy Review of Panama and published the results of the review. The report suggested that the rationalization of assistance programmes and the simplification of the trade regime would help Panama to sustain the economic growth.
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22/08/2007
Economic growth in Panama is expected to exceed last year's 8.1% because of a strong investment climate, a dynamic services sector and the Panama Canal expansion programme.
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03/07/2007
The Trade Promotion Agreement has been signed by Panama and the United States to eliminate tariffs and other barriers to the trade in goods and services between Panama and the US.
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21/03/2007
The Panama Canal Authority (ACP) held a public hearing in Balboa, Panama, with the participation of fourteen representatives from shipping and government.
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11/01/2007
Panama banks Banco General and Banco Continental have come to the agreement to merge. This merger will create one of the largest financial services companies in the region. The merger is expected to close during 2007.
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07/11/2006
Panama hopes to become Argentina's replacement on the UN Security Council after Latin American and Caribbean Group (GRULAC) of the UN Security Council delayed as far as some English-speaking Caribbean members were reportedly upset about not being adequately involved in this process.
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08/09/2006
At a meeting of Panama's President and Executive President of the Central American Bank for Economic Integration (CABEI) agreed that by the end of 2006 Panama will become an 'extra-regional' partner of CABEI. This status will provide Panama with the access of funding of about USD 60 million.
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28/06/2006
Chile and Panama signed the free trade agreement that opens up 92.5% of the Chilean economy to Panamanian producers. Now most Panamanian products will enjoy a zero tariff when entering Chile's market.
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