Globe Foundation

The structure and management of Panamanian private interest foundations provide a highly effective asset protection and succession planning vehicle along with a very high level of confidentiality to all parties concerned.Assets are transferred to the foundation by the ‘Founder’.
Foundations are managed by a Foundation Council for the benefit of the foundation beneficiaries.

A Foundation Council must comprise at least 3 natural persons. Alternatively one jurisdic person, as a Corporate Council meets the legal minimum requirement.

Most foundations will also appoint a Protector to oversee the actions of the Foundation Council. The Protector will often have the power to override the decisions of the Foundation Council and to summarily remove them, in the best interests of the beneficiaries.