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I. REQUIREMENTS FOR THE FORMATION OF A
PRIVATE INTEREST FOUNDATION IN PANAMA
The Foundation Charter shall be executed by the Founder by means of a
private document, in which case a Notary Public should authenticate it,
or by means of a public document directly before a Notary Public.
The requirements that must be contained in the Foundation Charter are
as follows:
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Name of the Foundation expressed in any language with characters
of the Latin alphabet. The name shall include the word "Foundation"
to distinguish it from natural persons or from juridical persons of
another nature.
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Initial patrimony of the Foundation, expressed in any currency
of legal tender, and which shall in no case be less than an amount
equivalent to ten thousand U.S. dollars (US$10,000.00).
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A complete and clear designation of the members of the
Foundation council, to which the Founder may belong, including their
address.
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Domicile of the Foundation.
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The name and domicile of the resident agent of the Foundation in
the Republic of Panama, who shall be a lawyer or law firm. The
resident agent must countersign the Foundation Charter prior to its
registration at the Public Registry.
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Purposes or objects of the Foundation.
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The manner of appointing the beneficiaries of the Foundation,
which may include the Founder itself.
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The reservation of the right to modify the Foundation charter
when deemed convenient.
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Duration of the Foundation.
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The destination to be given to the estate of the Foundation and
the manner in which such estate shall be liquidated in the event of
dissolution.
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Any other lawful clauses witch the Founder may deemed convenient.
In order for us to provide services in the constitution and
management of Private Interest Foundations, the following information
will be necessary:
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Name desired for the Foundation to check on its availability.
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Initial patrimony if other by the standard of U.S.$10,000.00.
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Names and addresses of the members of the Foundation Council,
which will be no less than three (3) members (natural persons),
unless a juridical person is appointed, in witch case a minimum of
one member is required. We may provide nominees for these positions.
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Domicile of the Foundation, if other than Panama.
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Purposes.
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Duration, if other than limited.
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Name of the protector if required.
For additional information please visit the following sections:
I. REQUIREMENTS FOR THE FORMATION OF A PRIVATE INTEREST FOUNDATION IN PANAMA.
Click here
II. MOST COMMON USES FOR THE PRIVATE INTEREST FOUNDATIONS.
Click here
III. MANAGEMENT STRUCTURE.
Click here
IV. TAXATION. Click here
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