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!

  FOR MORE INFORMATION  

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. The applications of our clients usually are approved rapidly thanks to our collaboration with the leading banks of several jurisdictions. A lot of customers have been wondering why they have to be ‘introduced’ to a bank and pay for this service, as it should be in interest of the banks to acquire customers […]. This is right for a local bank where you want to open a passbook; on the contrary, offshore banks have very limited powers to make inquiries into their customers and their purpose of the account. The main objective of an offshore bank is NOT to acquire customers who might cause troubles.

Our office on behalf on the banks can:

• Certify the identity of subscribers
• Verify that they really exist
• Certify the veracity of the company documents
• Approve the signatures on the bank forms
• Fill the applications correctly (most of the times in English)
  in order to get a fast current account opening

In some cases the introduction serves also as references, especially when the client is rather well-known.

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

• San Marino (varied leading banks – individual account or trust account)

• Ciprus (two leading banks – personal or corporate accounts)

• Saint Vincent (leading bank – European control)

• Latvia (two leading banks – personal or corporate accounts)

• Switzerland (two leading banks – only for highly respected customers)

• Tanzania (leading bank – European international business unit)

• Uruguay (trustee bank with varied units worldwide)

• Panama (varied banks – only for highly respected customers)

In some countries, the access to some banks may be dependent on the available funds of the clients at the moment of the account opening.

  FOR MORE INFORMATION  
 

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.

  FOR MORE INFORMATION