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In Panama, a foundation is very important for offshore asset protection, and when a foundation owns a corporation this is the ultimate in offshore protection strategies. 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. The layering effect at the points of access as well as the anonymity that goes along with nominee directors, ensuring that your name will never get out to the public are the reasons why a foundation including an offshore corporation is the way to go. If you are interested in offshore asset protection, chances are you're interested in privacy protection and the layering scenario is bulletproof. 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. If you are interested in offshore asset protection, chances are you're interested in privacy protection. When a foundation owns a corporation, which owns a bank account, this is the only powerful privacy protection offshore structure you will ever need. If you are interested in offshore asset protection, chances are you're interested in privacy protection. The layering effect at the points of access as well as the anonymity that goes along with nominee directors, ensuring that your name will never get out to the public are the reasons why a foundation including an offshore corporation is the way to go. 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.
Article Source: http://technologynetwork.info
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