OffshoreLegal.org - Panama Offshore Legal Law Firm

Panama Offshore Banking, Offshore Company / Foundation Formation & Asset Protection Services
Panama Offshore Legal
Panama Corporation Search

Login Form




Lost Password?
No account yet? Register

Offshore Education

 
Bank Secrecy using Protectors and a Foundation Print E-mail

If you have a good amount of assets and are confident that someone is out to get them, the best thing to do is set up a secure asset protection system using a foundation and a protector. If you don’t know what these terms mean, don’t worry we are here to explain them to you.

To start out with, you should put all your assets under the name of a bearer share foundation that you create in Panama. This is a pretty common practice that will keep your assets anonymous. Next, you need to have this corporation owned by a private foundation. This is also not that difficult to do in Panama, though it will cost extra money and that is why it is not recommended for everyone. Now you may think that you are not in a lot of trouble now. But if someone has your number, chances are they will bring the matter to the top sooner or later. This may mean that your wife will try to sue you for half, or more, of everything you own. If she has any clue that you own assets and can link you to them, you will have to turn them over even if they are stored in Panama.

So what is the best way to keep this from happening? Simple, cut off all ties with the foundation and your assets by appointing someone else to do it for you. This person could be named the protector, or beneficiary, of your account and will have his name on secret documents stating that he can use your assets in whatever way he sees fit. This means you have to find someone you not only can trust, but also someone who will be willing to carry out your demands. Of course, the protector does have some restrictions on the amount of power he has as he is not actually the person the assets belong to or someone who signed for the creation of the foundation. He cannot simply take all your assets and run because the banks in Panama will not allow it.

So what is he good for? Simply put, if your name is nowhere related to the assets owned by a private foundation and the protector is not you, how can anyone possibly link you to the aforementioned assets? It would be impossible to do. Now you can manipulate how your assets are sold or used without ever actually having to put your neck on the line. Again, this is not free and will cost you some money, but for those in extreme duress it is certainly worth the price.

Remember that you yourself can be the protector. That is all fine and well as long as you keep the documents naming you as such so secret that no one else could find them, not even by chance. If they do find them, the jig is up.

It is easy to keep money and assets in a Panama foundation safe if you use the proper techniques. Let a protector be in charge of your money and sit back and enjoy your enemies finding nothing on you.

 

 
< Prev   Next >
Offshorelegal Secure Order

Contact Offshorelegal
E-mail: offshorelegal@hush.com

  Sales
Telephone: Panama City, Panama
(Spanish)
+(507) 832-0020
Telephone: Miami, USA
+(786) 375-5435
Telephone: Miami, USA
+(786) 393-5190
Telephone: Toronto, Canada
+(647) 477-6352
Telephone: London, UK
+ 44 20 3006-3097

  Customer Support
 
Telephone: Panama City, Panama
(Spanish)
+(507) 832-0883
Telephone: Miami, USA
+(786) 393-5441
 

Offshore Legal Law firm Location Map

Panama Company Name Search
Panama Company Name Search
© OffshoreLegal.org - All rights reserved.