Foundations are structures to which legal ownership of assets (money, shares, donations, land or encumbrances, cryptocurrencies, digital assets, patents, etc.) is transferred.
They are hybrid in nature, containing vital characteristics of both a company (legal personality) and a trust (created for a specific purpose or benefit). As such, foundations are particularly useful as wealth management and tax planning tools, but in reality they are multipurpose. They can be used for multiple purposes and are the essential tool for protecting your offshore company, its shares, and the associated accounts from any legal, financial, or other attack (divorce, seizure, etc.). The typical solution chosen by 100% of our clients is:
- Offshore companies, with nominees in the board of directors whose shares are in the name of a Private Interest Foundation whose beneficiary is our client (you), who before or after this type of assets further protects himself by taking up a second and anonymous residence in Panama or Paraguay.