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Can a Private Interest Foundation exercise commercial activities?

April 26, 2017activities Commercial Exercise foundation private

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Can a Private Interest Foundation exercise commercial activities?

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Panamanian law establishes that a Foundation can’t exercise commercial profitable activities; but in practice the following is common: 1. They can practice unusual or accidental commercial activities, and that the result from these activities will be used for the established objectives of the Foundation Charter. 2. They can practice any indirect commercial activities through an offshore company.