Panama Private Interest Foundations are not charitable organizations and do not solicit funds from the public. Instead, they are virtually bulletproof entites used by the world's rich and famous to protect their own assets.

Our law firm has researched many different ways to protect your assets from financial enemies. Many are quite simple, but are successful means of asset protection. Here were introduce worst-case scenarios in which you desperately need to protect your assets and have left out elaborate details to make this as easy to read as possible.

Panama is one of the few offshore tax havens in the world where you can form a truly anonymous bearer share corporation. Under Panama law a bearer share corporation can be formed that is owned by the physical person in possession of the physical certificates of stock with no recorded owner on record anywhere.

Are you a person with substantial assets and/or serious potential financial enemies? The following asset protection strategy may be of value to you; it’s not very complicated but it is highly effective.

According to this article on the recent tax haven privacy breach, The EU is using unlawful means to crack down on banking privacy. The German National Police acquired a CD containing the names and details of account holders of bank accounts in a Lichtenstein bank owned by the Lichtenstein royal family. The individual who had the CD downloaded it illegally as in criminal hacking and sold it to the Germans.

Panama has been long known for its investor friendly tax policies with many tax exemptions given to lure foreign business men, retirees etc. to invest in the country. It has a strong financial network with over 80 national and international banks operating there. It has strict banking secrecy laws which keep the investment details of individuals out of purview of public scrutiny. Despite severe international pressure, Panama has stuck to its policy of providing "level playing field" to investors i.e. the sharing of banking information will be strictly on reciprocal basis with other countries.

There are about 150 banks in Panama and they come in several flavors. One is the offshore bank that can only do business with entities not in Panama. There are banks that can do business with those offshore as well as those entities within Panama.