I spend a majority of my day conversing with individuals from around the world looking to protect themselves, their families and their assets. And, as you can imagine, each and every invidividual's personal situation is different. There is not one simple "pill" that can be utilized by everyone.
A private interest foundation is considered to be a nonprofit organization. In reality, it can be described as somewhere between an offshore international business and a private trust.
A Panama Private Interest Foundation, or PPIF, is a foundation that doesn't require a single owner and falls on the spectrum between a private offshore business and an individual's trust.
In 1995, a piece of legislation called the Panama Private Interest Foundation became a part of Panama's financial laws. It was devised as a way to protect assets offshore, and it can be used both for philanthropic purposes and estate planning in much the same way that a trust can be used.