What is a Private Interest Foundation?

[bizman]

Need to know what a Private Interest Foundation is, I have learned much the last few years where I have been exploring all possibilities to avoid tax or at lease reduce it Now I found out that a Private Interest Foundation typically in Panama is what will protect you from predators, creditors and other discomforts!

What I do not understand it in details why a private interest foundation or a trust or a combination of both is better than have a regular offshore IBC?

I was always convinced that a offshore IBC is the ultimate solution one can get in asset protection, privacy and avoidance of tax, now I learned a new term please help

[Safa]

Thats a really good question, was also already looking into this for a while, searching on google will bring up some results, now I learned that a Private Interest Foundation are used to be a vehicle which provides ultimate protection and anonymity, additionally with a private interest foundation a generation shift is piece of cake since you will not want to get troubles with any tax authorites if shares for instant in an offshore ibc are owned/hold by a private interest foundation.

Also from what I read, so far the only place to establish a foundation or trust which will help you to achieve all this is Panama no other jurisdiction will offer the same protection and benefits as an Panama private interest foundation will offer you.

[Admin]

If you need actual details on a private interest foundation you may want to look at Private Interest Foundations Seychelles | offshore-company-formation due to some very new regulations in the Seychelles, Panamae has be defeated by the Seychelles, now it is possible to form a Seychelles Private Interest Foundation which offeres everything what a Panama foundation has to offer as well as an BVI foundation but also much more, best is, it is so much faster to form a Seychelles private interest foundation than any of the others furthermore it will provide you with a many new tools not know to be used before and not possible to convert with a Private Interest Foundation in Panama or BVI or anywhere else, the time for Panama has come to conclude that they was sleeping under a rock while other offshore jurisdictions made major improvements.

[Safa]

Also a offshore IBC is a first step in order to achieve a good offshore company structure, also, it will protect you from the most "discomforts" however, it will not be able to protect you the whole way down the road, if you really find youself in troubles because you have been "optimizing" your tax a little too much, a offshore ibc alone will not help you but is as mentioned a first step in the right direction.

[bizman]

private interest foundation you may want to look at Private Interest Foundations Seychelles | offshore-company-formation due to some very new regulations in the Seychelles, Panamae

wow, another time you surprised me Admin, wasn't aware of this part of your website, thats some good reading, will have to find some coffee now

Thank you safa for your comments, this was exactly what I was looking for.

According you you guys then you say a Panama private interest foundation is a scrap which is more or less useless by now due to the Seychelles offering the exact same thing now + additional features, thats pretty cool to know, will have to explore it a little more.

[bogart]

When you say it will be easier with a “generation shift” does that mean you will already now have to insert your children’s in the letter of whishes?
Is it possible to buy shares in any company regardless of it’s location? Can it be used for investments too?

Sorry but this looks too good to be true, but I'm interested...