For ours and our sons’ protection.

At Mazzone & Co. you will find a qualified and professional advice for your asset protection: we can boast a long experience and several cases successfully solved.
The Mazzone & Co. Group of Companies has been offering its clients asset protection strategies for years. These are the services we provide:

• Joint-stock and holding companies
• Private interest foundations
• Trust and Trustee companies
• Finance companies

• Provision of company or personal trust mandates
• Bank account opening introduction

Seek professional advice from one of our lawyers now!

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Bank account opening introduction... why do you need it?

Our group of companies is able to offer bank account opening introduction to different countries with which we have established business relations and where we operate directly and indirectly.

Bank introduction is a legal practice consisting in the preparation and translation of all relevant documents, the collection of all the data the bank requires for the account opening and it saves our client time and resources due to rejections or requests of integration due to lack of documents or inadeguate paperwork.
The relationship between the client and the bank remains unchanged and univoque. It's important to underline that bank introduction doesn't mean banking activity, fiduciary activity nor financial or investment solicitation. We do not provide any financial service.
Each client is put in direct contact with the bank from which he receives all the informations in order to make his choices and he signs any contract or agreement inside the bank and/or in front of a bank officer.

All our international offices provide banking introduction services with exception of our panamanian and San Marino offices.

Our Group can offer services of introduction in the following countries:

• Malta /b>(varied leading banks – individual account or trust account)

One - Nil to
Foundations against Trusts.

Going always against the grain, our Group offers solutions contrasting with the line followed by the competing groups. When dealing with the trust sector, we tend to divert our client onto a more plain route and with characteristics which make it more efficient and effective than a trust: it is the ‘Fundaciòn de Interes Privado’ (Private Interest Foundation) which is a Panamanian juridical structure. In particular, on Panama, private interest foundations outdo trust companies for the following reasons:

• To customers its structure is more understandable because it is similar to a joint-stock company
   
• The foundation may have an unlimited life (differently from trusts which, in most states, are required to dissolve after about 90 years
   
• The foundation has its own identity (like a company) and does not depend on the life or the actions of a trustee and this person is not necessary for the maintenance of a foundation
   
• The security of transactions is guaranteed by a charter committee (which may be entirely nominee and appointed by our office) as well as by a ‘supervisor’ or ‘tutor’
  (facultative)
   
• The charter committee may grant power of attorney to one or more trustworthy persons in order to accomplish any actions on behalf of the foundation itself (opening of bank accounts, sale and purchase etc.)
   
• The minimum capital requirement to be paid up by the ‘founder’ is of US$ 10.000
   
• The foundation may receive contributions from many different subjects (differently from the trusts in some countries where only the settlor can provide property)
   
• The rules which will establish the right to benefit from the assets of the foundation by the beneficiaries can be drafted freely and with all the necessary creativity and accuracy (for example, it is possible to add clauses and conditions as: “the first daughter/son to get married will get the apartment Y … if s/he divorces, the apartment will be given to the second married daughter/son” … or: “if the daughter/son X was unemployed, s/he would have the right to receive an Y monthly sum of money… etc.)
   
• The rules may supply information not only about the chance to benefit from the assets but also about the chance to transfer (or not) the assets to a beneficiary.

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