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What should I do, sell the shares of the corporation I own or just transfer the title of my property to the buyer? In this week’s blog I explain you two very common situations which only apply to Panamanian corporations (SA - sociedad anónima) since private interest foundations have no legal framework to "sell" a foundation because they are originally used as a living will, for estate planning purposes and therefor the transfer of a foundation is not regulated (from a tax point of view), but this would be a topic for another blog. If I wish to sell my property, that is to say, transfer th
Foundations are a fantastic tool for estate planning and to structure and administrate your assets, but is a foundation really necessary? The answer to that question is not that simple, as there is no golden rule that is applicable to everyone and everybody. It depends on the type of assets you own and their value. If you purchase titled real estate in Panama you practically have three options: 1. Register the property in your personal name, 2. Register the property in the name of a corporation, 3. Register the property in the name of a foundation. Due to Panamanian inheritance law and it
Need legal services? I offer efficiency, quality, honesty and have experience in: Creation of Panamanian companies/Private Interest Foundation and foundations or nonprofit associations. Creation and post incorporation work of companies incorporated in Samoa, Bahamas, BVI, B. Anguilla, Nevis, USA among others. Purchase/sale of property and property titling or right of possession issues in our country. Immigration law (cases of obtainment of friendly nations visas, retirement visas, work permits, etc). Post-mortem arrangements through local funeral home for foreigne