INTRODUCTION
Since 1995, the Republic of Panama is in capacity of providing
the necessary legal infrastructure for the incorporation,
management and continuation of Private Interest Foundations. The
Law Number 25 of 1995 is a special law, dully approved by means of
the Constitutional procedures, which contains the necessary
juridical bases for all the aspects concerning the Panamanian
Private Interest Foundations.
DEFINITION
The Panamanian Private Interest Foundation is a juridical entity
created when one or more persons (the « Founder(s) »),
be them physical persons or legal entities, subscribe a document
known as the «Foundation Deed », which is registered in
the Panama Public Registry, by means of which the Founder(s) is/are
obliged to form a patrimony in favor of the Foundation, which shall
be managed by the members of the Foundation Council following the
conditions established in the Foundation Deed and in the Bylaws,
for the benefit of one or more
