Panama foundations are popular vehicles for wealth management and asset protection planning, offering considerable flexibility, ease of operation and confidentiality. However, Panama is a grey-listed jurisdiction, which can be off-putting. Leo Trust shows you how you can enjoy the benefits of a Panama foundation.
How can you enjoy the benefits of a Panama foundation – without the problems of Panama? With a Swiss twist.
Switzerland is internationally renowned for the integrity and professionalism of its financial service providers, offering competitive tax rates and a «business friendly» local administration. Unfortunately, Swiss foundations are not as flexible as Panama foundations.
The perfect solution is to take a Panama foundation (either currently existing or specifically established for this purpose) and add a Swiss connection to give it that touch of world-renowned Swiss trustworthiness.
We can help you obtain Swiss tax residency for your Panama foundation, meaning it receives a Swiss tax number for FATCA and CRS reporting. The foundation is likely to pay more tax than at present, but may we suggest that a little Swiss tax is worth a lot of Swiss respectability!
Do you have any questions? Contact our team, and we will provide you with the information you need.
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This article is aimed at providing a general overview and summary of the issue. It is non-binding, and does not and should not be taken to constitute legal advice.
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