Eagle Worldwide Inc.(fka ELWD)

[crazy horse 0]

"preserving the privacy of the client"

Panama Foundation Asset Protection Features –

In Panama a foundation has special protections under the laws of Panama. Foundations are anonymous in that the names or identities of the foundation protector and beneficiaries do not appear in any database or government registry. Of course our law firm supplies the foundation founder for the client preserving the privacy of the client. The Panama government does not even know who the foundation protector and beneficiaries are. Foundation assets are almost impossible to freeze. Foundations are tax free. Foundations can own corporations, real estate in Panama or anywhere else in the world, art, gold, stocks and bonds, boats, planes, cars, make loans and have bank accounts with checking accounts, ATM cards and Visa cards along with online banking. Doesn’t sound like a trust does it? A Panama Foundation by definition has no owner and no share certificates so by definition you can not be the owner of a Panama Foundation and of course the corporation can be the 100% owner of a Panama Anonymous Bearer Share Corporation. The foundation protector who is not an owner of the foundation controls the foundation. The foundation protector can be an unnatural person like a corporation or another foundation formed in Panama or elsewhere. A trust can not be the protector of a foundation since a trust is not a judicial person.

http://www.panamalaw.org/article_panama_foundation_or_trust.html#