If you’re considering a solid and effective way to safeguard your assets—no matter where they are located—a Private Interest Foundation (PIF) in Panama is an excellent option.
Panama has established itself as a reliable destination for asset protection, offering legal structures that provide security, flexibility, and efficiency in asset management. Here’s how this tool works and why it might be the best solution for you.
Key Aspects of a Private Interest Foundation
The structure of a PIF is based on two main documents:
- Foundation Charter, which legally establishes the foundation and is publicly accessible.
- Internal Regulations, which remain confidential and define how the assets are managed, who the beneficiaries are, and how the assets are distributed.
One of its main advantages is the protection of the identity of those involved, through the use of figures such as the Nominee Founder, ensuring discretion and security.
The setup process is quick—your foundation can be established in about five business days. The documentation can also be prepared in multiple languages, supporting international use.
Panamanian law protects the foundation’s assets from personal claims against the founder, council members, or beneficiaries, as long as no fraud is involved. The foundation can hold both movable and immovable property, enhancing its versatility.
Why Choose a Private Interest Foundation?
- Asset Security: Foundation assets are separated from personal assets, providing a strong layer of protection.
- Simplified Succession: You can assign beneficiaries directly, avoiding lengthy probate processes.
- Guaranteed Privacy: Internal decisions and beneficiary designations can remain private.
Steps to Set Up Your Private Interest Foundation
First, designate your resident agent: B&Co Legal is ready to assist you.
Then, prepare the foundation charter with the necessary details, sign it before a notary, and register it at the Public Registry of Panama. Once these steps are complete, your foundation will be officially constituted and ready to operate.
At B&Co Legal, we provide comprehensive support to make the creation of your Private Interest Foundation simple, fast, and secure. Our team of specialists will assist you from start to finish, ensuring full compliance with current regulations.
📩 Contact us today and start protecting your assets with complete confidence.
