PANAMA CITY, Nov. 24 /PRNewswire/ -- Jonathan Curshen is an expert in offshore asset protection strategies. He specializes in wealth protection, international asset protection trusts and foundations, international business corporations, worldwide investing, yacht registrations, and global banking. Mr. Curshen is a member of APOI (The Asia Pacific Offshore Institute), ITPA (The International Tax Planners Association) and has been a featured speaker at countless asset protection seminars.
Not new to international trade and finance laws, as evidenced by their ships and mortgages registration law from 1927, Panama has some of the strongest banking privacy laws. 70% of its GNP is from the service industry, including financial services. Panama is not likely to falter in maintaining and improving their position as an international haven.
The Panamanian Private Foundation is a valuable asset protection tool. Fashioned partly after the Liechtenstein Family Foundation, with a stronger, more flexible law. The law allows for the creation of the foundation, by registering a foundation charter with the registry. The charter must contain the name and clearly designate the foundation counsel and the resident agent. There is no requirement to name the founder. The founder may include any other lawful clauses to create the exact instrument to best serve the purposes of the foundation, or may incorporate such additional information in the by-laws or regulations, and may name himself a beneficiary.
The Panamanian Private foundation has many features. The minimum requirement to endow the patrimony is $10,000 USD, lower than other offshore havens. It may be domiciled or originated anywhere in world. It can be irrevocable. No annual reporting or filing requirement. The foundation can be relocated to any other jurisdiction with a similar foundation law in the event of any threat. Foundations created in other jurisdictions may be relocated to Panama. Creditors or heirs of the founder, or of the beneficiaries, have no rights to the foundation assets and only three years to contest contributions. Foundations have tax-exempt status on all assets and income derived from outside of Panama. Strict privacy laws apply to those involved with private foundations as well, making the Panamanian Private Foundation a strong, secure method to protect your assets.
CONTACT
Jonathan Curshen
+1-800-620-1887
jonathan@investoffshore.com
