What is a Private Foundation?
An Offshore Private foundation is a legal person which's main objective is the acquisition of a patrimony, the foundation will administer and preserve it following the founder's requirements. This legal instrument is born through and unilateral act of free disposition that takes the legal form of a donation and operates as a trust, with established benefits that its founder states, the founder himself/herself could be included as one of the beneficiaries.
Read about common uses for a Panama Private Interest Foundation