A Panama Private Interest Foundation is generating a lot of interest worldwide and is being rightfully touted as one of the most secure ways of protecting your hard earned assets. Ernesto Chong Coronado and his company, PMC Group International has been successfully offering offshore services for many years.Here are Ernesto Chong’s views on the many benefits of a Panama Private Interest Foundation.

Recently, many people have been asking me about why a Panama Private Interest Foundation is being considered such a great asset protection tool. Let me first begin by saying that such a foundation includes some of the more powerful features of a corporation, a trust and a will. Since all of these features come together in a foundation it is a far more competent tool to use for protecting your assets. Let me now list some of the benefits in details so that you can understand if this service can help you in any way.

• You should first understand that a Panama Private Interest Foundation does not have any owners. In other words, there will no public record that mentions the ownership of the Foundation anywhere in Panama. For example, you could use the Foundation to start a Panama Offshore Corporation without actually being the owner of the Corporation. This grants you complete privacy.

• A Panama Private Interest Foundation can own various assets – bank accounts, stocks, bonds, real estate, cars, boats, planes, art and collectibles and of course, corporations. While the Foundation itself cannot carry out any business activities, it can always own a Corporation that can be used for that purpose.

• Another major benefit of a Panama Private Interest Foundation is that according to Panama law, there can be no sequestration or embargo orders placed on the assets owned by the Foundation. In other words, the assets of the Foundation cannot be frozen till a full trial is completed.

• The Foundation can leave private instructions for a specific person to dispose of the assets in a particular way, if you are concerned about facing legal or financial challenges. Through these instructions, you can appoint a temporary protector who will be told how he should proceed with the functioning of the Foundation or the handling of various assets. At no stage will the assets of the Foundation come in any kind of danger. In fact, your instructions can also indicate that once you feel you have adequately dealt with all the challenges that you be reassigned the Protector of the Foundation.

• One of the greatest advantages of the Panama Private Interest Foundation is the peace of mind it can give you when it comes to providing for the well-being of your family. You can provide specific instructions about how the proceeds of the Foundation should be divided amongst your family members. The Foundation has proved to be highly successful in protecting the interests of generations of families by preventing any splits in property; by protecting those who are either disabled or unable to manage their own assets; by protecting and providing for minors; by managing the proper distribution of assets as well payment of income and by very competently providing for the education, health, housing and maintenance of all the family members.