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 inquiries? Dr. Roderik J. P. Strobl will be pleased to 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.
Family office trends are changing the face of the financial and fiduciary services industry. Shifting family office preferences require the accommodation of practitioners’ services and an adapted mindset. In this STEP Journal article Dr Roderik J. P. Strobl, TEP from Leo Trust Switzerland surveys the global family office landscape and analyses its trends.
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