Complete Offshore
Structure
The structure that we generally recommend to our clients is
a dual entity structure consisting of a Private Interest Foundation
holding ownership of an International Business Corporation.
We
recommend the dual entity structure because it provides
the utmost in asset protection, anonymity, privacy, and
convenience. The corporation holds all major assets, such
as commercial businesses, real estate, etc. and the foundation
acts as a holding company to the corporation, receiving
profits into the foundation’s corporate bank accounts
and brokerage accounts.
To
understand the entire role of the foundation within this
structure, you first have to understand the composition
of the foundation. The Private Interest Foundation has four
main parts:
Founder:
The founder is the person or entity that forms the foundation
in the public registry. Our firm generally provides a nominee
founder, and provides you with a pre-signed, undated letter
of resignation from the founder immediately upon incorporation
of the foundation. At that point, the founder holds no control.
Foundation
Council: The council serves the same function to
the foundation as directors do to a corporation. The council's
names and passport numbers are registered in the public
registry when the foundation is incorporated. For protecting
the privacy of our clients, we generally provide a nominee
council, and provide pre-signed, undated letters of resignation
from the nominee council. At that point, the council holds
no control.
Protector:
The Protector is the ultimate controller of the Foundation.
Immediately upon incorporation of the foundation, the council
appoints a Protector, through a notarized Private Protectorate
Document. Since the document is a private, non-publicly
registered document, the Protector remains 100% anonymous.
From that point on, the Protector has full control over
the foundation and all of its assets.
Beneficiaries:
The Beneficiaries are appointed through a Private Letter
of Wishes, which is written by the Protector. The letter
of wishes is a private document, so the beneficiaries remain
100% anonymous. The letter of wishes can be changed or modified
at any time by the Protector only.
The
foundation is established to serve four primary purposes:
1. Serve as a holding entity for the Corporation:
Using the foundation, you can avoid the use of bearer shares
and/or shares issued to your personal name. The foundation
can be named as the share holder on the share certificates
of your corporation. You control the foundation anonymously
through a Private Protectorate role. As Protector, you appoint
the beneficiaries through a private letter of wishes (or
a more formal set of foundation By-Laws). Since both the
Protector and the Beneficiaries are both appointed through
non-public (private) documents, they remain 100% anonymous
and confidential.
2. Serve as beneficial owner when opening financial
accounts: Today, due to the global scare of terrorism,
etc. most offshore tax haven jurisdictions have implemented
laws that require their banks to obtain "declarations
of beneficial ownership" when establishing corporate
bank accounts. Keep in mind that in most offshore jurisdictions,
such as Panama, the banks are required to maintain this
information under strict confidentiality under the bank
secrecy laws that are strictly enforced. However, if you
do not wish to sign the declaration as the beneficial owner
when establishing your corporate accounts, the foundation
can serve as the beneficial owner for these declaration
purposes, and the nominee foundation council can sign the
declarations on behalf of the foundation.
3.
Serve as a testamentary vehicle for distribution of your
assets to your heirs: Under Panamanian laws, a
Foundations assets are "non-embargable", and "non-sequesterable",
meaning that no one may freeze the assets under any circumstances
- providing the ultimate asset protection vehicle. The Panama
Private Interest Foundation is specifically designed to
cherish, protect, and distribute your assets to your beneficiaries
upon a triggering event, such as your death or incapacity.
Your foundations letter of wishes, written by the Protector,
will serve as its "living will", detailing the
foundations assets, list of beneficiaries, and how and when
those assets are to be distributed to the beneficiaries.
Since the inheritance is coming from outside of the beneficiary's
domestic country, the inherited assets are not subject to
any of the standard taxes and legal procedures. Through
the foundation, your heirs will receive their inheritance
free of probate, gift taxes, estate taxes, inheritance taxes,
or legal delays.
4.
Serve as a vehicle to facilitate the transference of funds
offshore, and the repatriation of those funds back
onshore: Since the foundation is a charitable entity, it
may receive donations, and it may give donations/grants,
etc. to anyone you choose. Hence, you can donate your funds
to the foundation. In turn, the foundation can provide educational
grants, charitable donations, etc. to anyone you choose.
Our Complete Offshore Structure Package, for only
US$3050, includes the following:
1. Panama Private Interest Foundation, complete
with;
Agreement
between yourself and your corporation (or foundation), documenting
your role as General Manager (not a director, just a manager).
Enables you to receive a salary and/or commissions from
offshore, and justifies your income.
Justify yourself as signatory on the company (or foundation)
accounts, as well as using the company debit card and/or
checkbook for business expenses, etc.
5. Mail Forwarding Service, includes:
Corporate
Post Office (P.O.) Box in Panama to receive post mail for
your corporation & foundation.
Physical address in Panama to receive courier packages for
your corporation & foundation.
Forwarding service via post mail, courier, fax, or scanned
email attachment.
6. Courier Included: Documents are shipped by 3 day courier
service (FedEx, DHL, UPS, or TNT).
To
summarize, for only US$3,050, you are receiving all of the
following!
