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Panamá Legal Lab: Consulting in Private Interest Foundation
At Panama Legal Lab, we offer comprehensive advice on the creation, registration, and administration of Private Interest Foundations in Panama. Our services include: Structuring and drafting of the Articles of Incorporation and Bylaws, Legal and tax registration of the foundation, Advice on administration, governance, and legal compliance, Representation in contracts, litigation, or restructuring, Support in estate planning and asset protection.
What is an PIF?
What is an PIF?
A Private Interest Foundation is a legal entity through which a founder transfers assets to the foundation for it to manage and protect for their own benefit or that of third parties (beneficiaries).
Unlike companies and trusts, PIFs have no shareholders or partners, making them an ideal tool for asset protection and estate planning. In Panama, they are regulated by Law 25 of 1995 and their Founding Act.
Benefits of an PIF in Panama
Benefits of an PIF in Panama
Asset Protection
Asset Protection
Facing lawsuits or creditors.
Confidentiality
Confidentiality
Information about beneficiaries and directors is not public.
Minimum Accessible Capital
Minimum Accessible Capital
In structure and administration.
Without Capital
Without Capital
No minimum requirement is necessary.
Stability
Stability
Panama's politics and economy as a jurisdiction.
Constitution Process
Constitution Process
Choice of the foundation's name.
Drafting and authentication of the Founding Deed before a notary public.
Registration in the Public Registry of Panama.
Issuance of private documents (powers of attorney, founding regulations).
Obtaining a Tax Identification Number (RUC) from the General Revenue Directorate (DGI).
*Only one founder is required to create a FIP, and there is no minimum capital requirement.
Conclusion.
Conclusion.
Private Interest Foundations in Panama are a legal and effective instrument for protecting assets, planning inheritances, and ensuring confidentiality. With the experience of Panama Legal Lab, you can create and manage your foundation securely, efficiently, and in line with your financial objectives.
FAQs Private Interest Foundation
FAQs Private Interest Foundation
How many people are required to create a Private Interest Foundation in Panama?
How many people are required to create a Private Interest Foundation in Panama?
Only one founder is required, who may be a natural or legal person.
What is the minimum capital required?
What is the minimum capital required?
There is no minimum capital requirement. The founder may transfer any amount to the foundation.
Who can benefit from a PIF?
Who can benefit from a PIF?
The beneficiary may be the founder himself or third parties designated in the foundation's private regulations.
What level of confidentiality do PIFs offer in Panama?
What level of confidentiality do PIFs offer in Panama?
Information about beneficiaries and the founding regulations is not publicly available, ensuring privacy.
What are the practical uses of a Private Interest Foundation?
What are the practical uses of a Private Interest Foundation?
They are mainly used for asset protection, estate planning, inheritance, opening bank accounts, holding shares, and managing assets.
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