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bizniz

Active Member
In the connection of this discussion you may mention bank names and even large consultancy firms if that is what you want, it's not against the forum rules. Only if you own a bank or consultancy firm or hold a position in such operations it will be considered self promotion or even spam as is not allowed!
Well after you wrote this, I linked to an article I thought was interesting on a site that has a paywall, even though the article was not behind the paywall. And I got a warning about it. I will just go back to not naming any names or posting any links.

does the panama foundation hold the bank accounts and brokrage accounts directly or is it better for a company inside the Foundation to hold the accounts. For example if there is a UAE freezone company inside the panama foundation would that make banking easier?

Adding layers usually makes banking more difficult. But there might be some other benefits to it, depending on your circumstances. Adding layers usually adds more priacy. Panama and UAE are not a good combination - Panama is not well viewed in UAE.
 

singlelady90

New member
View attachment 2350
So who would be the BO in this Foundation? I'm the protector my kids age 6 and 9 are beneficiary and the founder and council are just nominees

Is there a way for the Founder or Council to make "bad" things and compromise the assets of the Protector?
How are dividends taxed in case the Panama foundation held 100% share into a LTD Company with a DBA State? how much with state without DBA?Witholding taxes?
 

bizniz

Active Member
Well, let's get the right mindset - the assets belong to the Foundation. They don't belong to the Protector, Founder, Beneficiaries or anyone else. That is the whole point of a Foundation being a separate legal entity. So the correct question is "Is there a way for the Founder or Council to ... compromise the assets of the Foundation." The answer is probably yes, though of course they could expect to go to jail after that. The same applies if you put money in a bank - a bank employee could forge your signature and withdraw money. It's honestly not very likely, but it' s important that you choose your Council carefully.

I don't really get the second part of your question, but a Foundation is a legal entity just like a company. It is not taxed in any special way because it is a Foundation.
 

singlelady90

New member
Well, let's get the right mindset - the assets belong to the Foundation. They don't belong to the Protector, Founder, Beneficiaries or anyone else. That is the whole point of a Foundation being a separate legal entity. So the correct question is "Is there a way for the Founder or Council to ... compromise the assets of the Foundation." The answer is probably yes, though of course they could expect to go to jail after that. The same applies if you put money in a bank - a bank employee could forge your signature and withdraw money. It's honestly not very likely, but it' s important that you choose your Council carefully.

I don't really get the second part of your question, but a Foundation is a legal entity just like a company. It is not taxed in any special way because it is a Foundation.


Thanks so much! I know Liechtenstein for reputation but what about Panama? Is not a Banana republic? Would you feel save to have all your money into a Panama foundations? Also how are dividiends taxed if the Foundation control operative companies who switch dividends into the Foundation?
 

bizniz

Active Member
First of all, Panama's foundation law is based on Liechtenstein. Panama is a banana producing republic, yes... but it is one of the world's major financial centers too. The Panama Canal is of global importance.

I think you should judge the safety of your money based on the assets it is invested in, not the country of incorporation. If your Panama foundation banks in Switzerland, for example... then it is Switzerland you should be worrying about, not Panama... see my point?

As for your tax question... from which country are the dividends coming? That makes all the difference.
 

369

Mentor Group Gold
Adding assets to a panama foundation are final.Also they have public registers and based on some reading (no personal experience) some countries doesn't like foundations based in panama
 

singlelady90

New member
OK Thanks.

What about this solution?

1. Trademark owner transfer all IP (Website, Trademark, Client List, Etc) into a Panama Foundation
2. Panama Fundaution provide licensing agreement to C-Corp controlled and directed by US Partner, this one will pay royalties to Panama Foundation
3. C-Corp open a Subsidiary in Europe, this one will also pay royalties to Panama Foundation
4. Trademark Owner has a limited company and provide service to EU Subsidiary (also for VAT reason and cost deductions)
5. Trademark Owner for reputation is also "Honor President in the US Company (On website and marketing material as well)

->Do you see any issue with this structure?
->How much will be taxed the royalties going into Panama from USA en EU (DBA e non DBA)?
->Do you see issue of piercing corporate veit if the Trademakr Owner is also Honor President of the C Corp?
-> How would you make sure the US Partners does not destroy the reputation, value, etc of the trademark?
-> How to make sure if US Partner sell and EXIT trademark owner is protected as well?
-> How trademark owner can legally pay taxes on income?what kind of position in front of foundation?
 

Shplorg

New member
We also recently opened a Private Banking account in USA for a Serbian endowment - that is a good structure but not cheap of course.
Can you discuss a rough estimation of the costs involved for this? I'm interested.

I always like to hear figures for scenarios like this because it starts to paint a picture for me when I compare examples in various jurisdictions.
 

Admin

Forum Moderator
Staff member
I always like to hear figures for scenarios like this because it starts to paint a picture for me when I compare examples in various jurisdictions.
second that...

Can you elaborate, if you setup a foundation in Panama (or anywhere else) will you be the owner of the foundation or will you just be the founder?
 
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Cetme308win

Entrepreneur
Do you mean that for exemple some swiss, Uk, etc.. banks will accept open account for a foundation made in Liechtenstein, or Panama, or Luxembourg, or Jersey, or Cook ...?
And , i.e for asset 6 or 7 figures?
Can you inform wich banks are open for that?
Do you think that these account can be have a normal run? or perhaps these kind of account can have problems when it will operate with transfer to other jurisdictions?
Have you experience on this matter?
For 7 figures Alhambra bank in Cayman
 
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