Lawyer, graduated from the University of Panama with Postgraduate Studies in Special Criminal Law at Salamanca University and Master’s Degree in Criminal Science at Universidad de Panama, with wide experience in handling crisis situations with special expertise in damage control and crisis handling through communication media.
Our Offices
Gerardo Ortega and Samuel Lewis Streets, Central Building,
Law No.25 of 1995 allows the establishment of private interest foundations in the Republic of Panama, which are helpful for several purposes, such as assets protection since the foundation is the owner of assets that will be transferred, and these assets are then separated from those of the founders; and have a legal protection which prevents them from being embargoed or seized, unless they have been given as a collateral for an obligation. In addition, it helps as family planning or private transfer of the assets from the founder to his/her beneficiaries or heirs, because, through the founders’ regulations, they may determine the future or distribution of the foundation assets to various generations.
These foundations cannot be organized to engage in business activities; however, they can be holding companies for mercantile companies and receive their dividends. These foundations may also occasionally invest in any kind of business, such as real estate and others. The basis for this regulation is that the proceeds of these activities are aimed exclusively for the purposes of the foundation.
