The Private Interest Foundation of Panama

By Marc M. Harris

Book Overview

No Synopsis Available.

• Format: Paperback
• Language: English
• ISBN: 9962550513
• ISBN13: 9789962550518
• Release Date: December 1998
• Publisher: Harris Publishing, Inc.
• Length: 132 Pages
• Weight: 0.45 lbs.
• Dimensions: 0.3" x 6.1" x 9.2"

Customer Reviews

Mark Harris is the best, top financial expert!

One of the most intelligent, well rounded, enterprising people on this planet. A financier, not unlike Michael Milken, he exposes clearly and simply the many benefits of an entity called "foundation". Based on the original financial vehicle from the Liechtenstein called Family Foundation, the Private Interest Foundation of Panama can operate as an instrument to transfer real estate, LLC's, corporations and prevent heirs from attacking the assets therein. Although definetely not a tax evasion scheme, and not intended to defraud the IRS in any way, a Private Interest Foundation can operate as an entity which greatly minimizes exposure, yet can generate international revenue through high-yield investments not commonly accessible to US investors. Marc Harris opens a whole new world of business and financial opportunities to his readers.

Good treatise on Panama Foundations, but...

Mr. Harris appears to give a thorough introduction to the Panama Foundation, but his own qualifications are questionable. Be sure to do your own due dilligence on the author. I would still recommend the book to anyone exploring offshore structure alternatives.

Panama has a lot going for it

Panama has many good things going for it. First, it's the safest place in Central or South America (the Pinkerton Global Intelligence Agency recently gave Panama its highest rating for tourist safety). It's also one of the most developed countries south of the United States (home to some of the biggest companies in the world, including 120 banking giants and other Fortune 500 companies, including Federal Express, DHL, Sears, Price Costco, and Bell South).Plus, Panama has a stable government, a stable currency (the U.S. dollar since 1904), and virtually no inflation. In other words, this country is the exception to the rule in Central America. As The Economist recently reported, in Central America, "Panama has stood apart, sustained by its Canal, its banks, and its free-trade zone."In other words, Panama has its act together. And is poised to become one of the most attractive overseas havens in the world in years to come.All of these factors add to the value of creating a foundation in Panama, even if you don't choose it as a retirement haven.

A great alternative to Liechtenstein

The Panama foundation described in this book is a modest priced alternative to the Liechtenstein foundation, on which it was patterned. But as the Panama legislation is several decades newer, it is more flexible and offers a useful alternative to the average investor seeking offshore asset protection.