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Asset Protection through Panama Foundations and Corporations

If you're going to go out now to get your offshore asset protection started, consider the best offshore banking structure: The foundation/corporation.It will not limit you to asset holdings, it will not tax you, and it will layer your anonymity protection to ensure your privacy.

In this way an offshore bankers beneficiary can avoid estate taxes. A foundation is very important for offshore asset protection, but when a foundation owns a corporation this is the ultimate in offshore protection strategies.

A foundation can hold all your assets and have a bank account, but a foundation can not conduct business. This is why a simple foundation isn't effective enough for anonymity and security.

This is why the foundation/corporation structure is the ideal choice. A foundation can own a corporation, and the corporation can conduct all the business.

Any business that is conducted outside of Panama is not taxable through Panamanian income tax. So if you have your offshore corporation within a foundation, you can conduct your business through the offshore account and plan your income taxes accordingly. This is a powerful tax planning strategy as well.

Any business that is conducted outside of Panama is not taxable through Panamanian income tax. Foundation with a corporation is a powerful tax planning strategy as well. A foundation can own a corporation, and the corporation can conduct all the business. A foundation can hold all your assets and have a bank account, but a foundation can not conduct business.

When a foundation owns a corporation, which owns a bank account, this is the only powerful privacy protection offshore structure you will ever need.

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.

If you're going to go out now to get your offshore asset protection started, consider the best offshore banking structure: The foundation/corporation. It will not limit you to asset holdings, it will not tax you, and it will layer your anonymity protection to ensure your privacy.

Article Source: http://www.articlebankonline.com

To learn more about setting up panama corporations and panama offshore foundations please visit the OffshoreLegal.org website.

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