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Is it possible
for a Private Interest Foundation to perform commercial activities?
Law No.25 of June 12 of 1995, regulating Private Interest Foundations
in Panama, indicates that it cannot be profit oriented, although
it may perform certain non-usual commerce activities when such
acts are convenient or advantageous to the foundation, and only
if the proceeds of such activities are dedicated exclusively to
achieving the objectives of the Foundation. For example, the foundation
can sell its assets (this is considered a non-usual activity).
It can also undertake banking and investment activities as long
as the proceeds of these activities are specifically to pursue
the foundation's objectives.
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