Corporate Foundation Combined For an Efficient offshore business Offshore Business
The purpose of an offshore company foundation
There are legitimate and legal ways to reduce taxes using a corporation/ foundation, and many people do just that. This is a means of protecting your assets, using offshore finance techniques, without having to go through those tedious and complex reporting procedures. A Panama international business corporation, plus a foundation, is the best way of taking advantage of tax deferral opportunities. The foundation protects by acting as the shareholder of your Company, and being the front-line representative of ownership. It should not be classed as tax evasion, but rather as making the best opportunity of tax advantages that are legal and above board.
How it works and the benefits
If the Company and the foundation that has ownership of it are based in Panama, it has the advantage of being free of any kind of lawsuit, either criminal or civil; in other words there is no threat of sequestration, regardless of any charges that could be made.
The Foundation can also be formed as a charitable beneficiary that takes the onus away from the individual being considered the main beneficiary; an important point should a person be asked for proof of who is the main beneficiary back in their home country. This benevolent theme is seen as a good and reputable means of taking away the emphasis from the owner, even if only a little money goes to the charity. It is above board and is well-practiced. For more information, please click here (link to be inserted)
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Resolving inheritance headaches
A Foundation merely holds the shares of a Company, namely the assets, nothing more-nothing less. The distribution of the assets can easily be shared with relatives or friends, without the need for wills and testaments, provided family members have access. It is also easy to enact a person’s asset distribution at the time of their death by setting up a testamentary trust. This we offer as a complete package with the said Foundation.
Your privacy guaranteed
The standard of privacy offered through a foundation is second to none. Please take a look at (click Panama corp. BelizeIBC, Nevis ...) the following points should also be considered:
- No financial returns or annual reports are required
- Strict privacy relates to the beneficial ownership-your private affairs do not need confidentiality as you are not a beneficiary.
- As the Foundation is based in Panama, all assets cannot be seized or frozen in any way.
- The head office and records can be located anywhere around the world
- The availability of transferring income and reissuing it in tax-free foreign gifts to family and friends.
Excellent Asset protection and tax advantages rolled into one
The asset protection benefits are similar to owning an offshore corporation, but with the added benefit of replacing you as the legal owner. It gives you all the benefits and yet keeps you on the outside as a separate entity.
Tax laws differ from country to country, but most do not claim tax from people who do not have legal ownership of a company. The whole purpose of a foundation is to take away the ‘ownership tag’of a company from an individual, so that you are not responsible for reporting and paying taxes in their home country.
In short, a foundation can be a simple means of protecting your assets, and giving you peace of mind that everything is safe.