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Uses and Benefits

1) Ability to open corporate bank accounts or investment accounts in the foundation's name, indicating that the foundation owns the corporation, in this manner the beneficiary of this account is not revealed.

2) Perfect tool to protect and preserve family business and patrimony.

3 Allows the ownership of any type of real estate or other assets.

4) In some countries, high taxes are imposed on donations of assets or patrimony.

5) Through a Panamanian donation you will be able to transfer the foundation`s patrimony to a third party without paying taxes for this act. Only if the donations are from parents to sons and vice versa and form husbands to spouses and vice versa)

6) Confidentiality, since the Law requires persons working closely with the foundation to maintain secrecy of information obtained in reference to the foundation's activities, under penalty of criminal or monetary sanction. Your are not obliged to reveal neither the name of the protector of the beneficiary of the Foundation.

7) Assets of the foundation compose a patrimony separate from personal assets of the founder, therefore, his personal obligations are not backed by the foundation assets; these cannot be impound or confiscated, except for obligations acquired by the foundation itself.

8 A commercial license is not required to operate inside or outside of Panama.