Consulate
of Panama Offshore Trusts
Consulate of Panama in London Offshore Trusts
Why
form a Panama Trust with the Consulate of Panama in London
?
The
assets constitute a separate fund and are not a part of the
trustee's own patrimony.
Title
to the trust assets stand in the name of the trustee or in
the name of another person on behalf of the trustee.
The
trustee has the power and the duty, in respect of which is
accountable, to manage, employ or dispose of the assets in
accordance with the terms of the trust deed.
The
Consulate of Panama in London trust may be revocable or irrevocable.
It
may cover any manner of property, present or future.
It
allows for the greatest freedom of choice since it may be
established "for whatever ends which do not contravene
morality, laws or public policy".
It
may be created to have effect before the death ("inter
vivos") or after the death ("mortis causal")
of the settlor.
It
is protected by very strict secrecy provisions of the law.
Consulate
of Panama in London Offshore trusts are 100% tax exempt.
In
the Latin America sphere, Panama offers adequate legal and
professional facilities to compete effectively with other
jurisdictions, specially when taking into consideration the
Spanish language and the sources of law which their countries
hold in common.
For
further information on Consulate of Panama in London Offshore
Trusts visit the Consulate of Panama in London Website.
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