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Title: The Private Interest Foundation of Panama (Harris, Marc M. Harris Offshore Manual.) by Marc M. Harris ISBN: 9-9625505-1-3 Publisher: Harris Pub. Pub. Date: December, 1998 Format: Paperback Volumes: 1 List Price(USD): $24.95

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Average Customer Rating: 5 (2 reviews)

Rating: 5
Summary: Panama has a lot going for it
Comment: Panama has many good things going for it. First, it's the safest place in Central or South America (the Pinkerton Global Intelligence Agency recently gave Panama its highest rating for tourist safety). It's also one of the most developed countries south of the United States (home to some of the biggest companies in the world, including 120 banking giants and other Fortune 500 companies, including Federal Express, DHL, Sears, Price Costco, and Bell South).

Plus, Panama has a stable government, a stable currency (the U.S. dollar since 1904), and virtually no inflation. In other words, this country is the exception to the rule in Central America. As The Economist recently reported, in Central America, "Panama has stood apart, sustained by its Canal, its banks, and its free-trade zone."

In other words, Panama has its act together. And is poised to become one of the most attractive overseas havens in the world in years to come.

All of these factors add to the value of creating a foundation in Panama, even if you don't choose it as a retirement haven.

Rating: 5
Summary: A great alternative to Liechtenstein
Comment: The Panama foundation described in this book is a modest priced alternative to the Liechtenstein foundation, on which it was patterned. But as the Panama legislation is several decades newer, it is more flexible and offers a useful alternative to the average investor seeking offshore asset protection.

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