Information Guides

How Much Confidentiality Can a Foundation Provide?

When establishing an organization or legal entity, you will want the confidentiality that can protect your assets and beneficiaries. Many people wonder how much confidentiality a Private Interest Foundation can provide. The answer often depends on where you decide to create the PIF.

Confidentiality by Country

Some countries have laws that protect privacy and confidentiality better than others. For instance, Panama has very strict laws that prevent anyone from accessing information about bank accounts, Private Interest Foundations, and even corporations. The only way that someone can access private information about a PIF is when the government has strong proof indicating that it is being used illegally. This makes Panama an excellent place to form a PIF for your beneficiaries.
Other countries, however, do not offer this level of protection. Instead, they make it easy for individuals and law enforcement agencies to access information about assets, contributors, and beneficiaries. This could jeopardize your arrangement and open your personal business to unwarranted scrutiny.

Legal Assistance When Forming Private Interest Foundations

Forming a PIF in Panama has obvious advantages. You will, however, need to know the best way to form the PIF, contribute assets, and name beneficiaries. That usually requires some legal assistance, especially for individuals living in areas outside of Panama.
If you would like to learn more about the confidentiality that Panama’s Private Interest Foundations can offer, then contact Delvalle and Delvalle Attorneys at Law. They have spent years helping clients from all over the world make the very decisions that you face right now.

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