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kyler565

New member
I'll start off by saying I'm new to this offshore thing and always learning. I would like to setup a lasting structure that I have control over. And a charity as the Benifisiry. The dividend investment returns can compound for years to come without paying a dime to any greedy government.

Screenshot_20210401-143053_Chrome.jpg


The structure is a Panama private foundation with a religious organization as beneficiary. The panama foundation will own all shares of a panama corporation and inside this Corporation will be a bank account and brokrage account.

I'm currently Canadian taxpayet but will soon be leaving the country permanently for Colombia. (But this process will take at least 1 year) Would I need nominees somewhere in the structure? My consultant is recommending me use nominee in the panama company and says using the nominee in the foundation is optional. Are nominees really needed? I'm really only concerned with being harassed by tax collectors if using nominees will help with this then I'm happy. I'm looking for the perfect balance between controll ease of keeping the bank accounts open and not get harassed by tax collectors on any income generated
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
Structure is fine but you need to leave Canada before you put your name to it.
 

bizniz

Active Member
Just remember the Panama Registry is public so anyone on the internet can check the Council Members of a Foundation, or the Officers of a Corporation. That is the reason most people use nominees.
 

kyler565

New member
So I'll use nominees then. Thanks

@Sols I would like to hear your opinion About the foundation with charity as beneficiary. Do you see problems?
 

CaptK

Nominee Company Bank Account Real Estate Passport
Mentor Group Gold
Why? Do you mean use nominees to keep my name off it?
Yes, but if a charity is the UBO then you are simply a Trustee and then it won't matter.
 
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