"How to Dramatically improve your Asset Protection...Increase your family’s financial privacy...and boost your offshore asset protection by setting up a Private Interest Foundation, PIF, Offshore."

A Foundation, PIF,  cannot engage directly in commercial business activity, but it can own corporations that engage in commercial activity for a profit as long as the profits are utilized for the purposes as set forth by the Foundation. The parties to a Foundation, PIF, are Founder, Council, Protector and Benificiaries. The Foundation is primarily utilized to pass an inheritance to your beneficiaries and is an advanced offshore asset protection arrangement. Learn more Here.

The Foundation Protector is the person (corporation or individual) who has the control of the Foundation assets and bank accounts and is appointed by the Council members. The Protector has complete confidentiality and privacy through the signing of a notarized private protectorate document which is not available in any public register or database.

The Founder acts in the capacity similar to a Settlor of a Trust, whereby the founder is the person (corporation or individual) who presents the foundation articles for lodgment with the Public Registry. The Founder however has no control over the affairs of the Foundation, PIF.

Council members act in a role similar to the role of a Director of a Corporation. The appointed Council members have no control over Foundation (PIF) assets or bank accounts.

The Foundation Beneficiaries A good Foundation structure is where the Foundation does not have owners but beneficiaries who are appointed by the Protector. It is an excellent asset protection strategy to pass on your wealth to your heirs. The Foundation may be set up to benefit the Protector in his or her lifetime but upon death will benefit his or her heirs or named beneficiaries. A foundation may continue for 120 years.

There are many other considerations to be addressed when forming a Foundation which we do not have time for here, however the following are some features of the PIF.

Features of a Foundation

• It provides a very strong degree of privacy to its beneficiaries and Founder
• It has strong offshore asset protection features
• A letter of Instructions states how the Protector wishes the assets of the foundation be distributed upon death or incapacity.
• The letter of instructions may include an arbitration clause nominating an arbitrator in the event of a family dispute
• No tax returns or other documents are required to be filed with any government body
• It avoids forced heirship
• It may be revocable during the Protector's lifetime
• The founder may be a natural person or an entity