Foundation Law
The initiative to create Law No. 25 of June 12, 1995, which regulates Foundations of Private Interest in the Republic of Panama, arises as a response to the popularity gained by private foundations in Europe, particularly those family held foundations organized in accordance to the Laws of Liechtenstein.
One of the basic differences between Liechtenstein and Panama, is that the Panamanian Legislation does distinguishe between a family foundation and the so called mixed foundations, which motivated the main reason to change the name of the law. Thus, the expression "Foundations of Private Interest" has been utilized in Panama with the idea to include both, family and mixed foundations.
Corporation & Foundation Law
