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Can a Panama foundation be profit oriented?

April 26, 2017foundation Oriented panama profit

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Can a Panama foundation be profit oriented?

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Panama foundations shall not be profit oriented, but they may nevertheless engage in commercial activities in a non-habitual manner or exercise rights deriving from titles representing the share capital of corporations really dedicated to business, provided that the economic result or proceeds from such activities are used exclusively towards the foundation’s objectives. The key concept here is to think of the foundation as a holding company.