Offshore foundation

Encyclopedia : O : OF : OFF : Offshore foundation

---

An offshore foundation is simply a conventional foundation that is formed under the laws of an offshore jurisdiction, such as Liechtenstein or Panama. Like conventional foundations they are a tax-free entity, just with less "red tape" and reporting requirements. Foundations are mainly used for altruistic or estate planning purposes.

The types of offshore foundation are:

• Liechtenstein Foundation
• Panama Private Interest Foundation
• Panama Charitable Foundation

In terms of the legal structure, an offshore foundation lies somewhere between an offshore company and an offshore trust.

See also

• Offshore trust

 

---

From Wikipedia, the Free Encyclopedia. Original article here. Support Wikipedia by contributing or donating.
All text is available under the terms of the GNU Free Documentation License See Wikipedia Copyrights for details.

Search Titles

0

1

2

3

4

5

6

7

8

9

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z

?