Panamanian Foundation

Requirements for Panamanian Foundation

Panamanian FoundationTo register online the Panamanian Foundation, please complete all bold fields in the below online form and provide any other additional informations. Alternatively, you can use the PDF Online Order Form for Panamanian Foundation for fax or written orders. Your Panamanian Foundation will be formed within 3 business days and afterwards delivered within 4 business days. In average, you will receive the company documents within 7 business days.

Basic requirements and facts for our registration of Panamanian Foundation are following:

  • Panamanian Foundation must have one of the following suffixes: FOUNDATION, STIFTUNG, FUNDACIÓN, FUNDACIÓN DE INTERÉS PRIVADO;
  • The duration of the Panamanian Foundation is perpetual;
  • The minimal number of directors is (3);
  • Directors can be other legal entities;
  • We provide initial nominees whenever required;
  • We include for confidentiality purpose and whenever required the Power of Attorney;
  • There is no legal requirement to appoint any officers for Panamanian Foundation;
  • Officers can be only living individuals;
  • The standard total capital or contribution at incorporation time is USD 10000;
  • There is no requirement to have any shareholder of Panamanian Foundation;
  • Auditor appointment for Panamanian Foundation is not required;
  • Resident agent for Panamanian Foundation is required and provided by our company;
  • We need to keep confidential details of the ordering party, name, contact details, scan/copy of the ID or passport and some utility bill or other evidence of residency (Know Your Clients or KYC)
  • The documents of Panamanian Foundation are delivered within 4 days after the formation;
  • We incorporate Panamanian Foundation within (3) days, the total time to get the documents at client's place being about (7) days;

Online Order Form for Panamanian Foundation

Please complete all bold and required fields. Alternatively, you can use the PDF Online Order Form for Panamanian Foundation for fax or written orders.

Online Order Form for Panamanian Foundation

Panamanian Foundation must have one of the following suffixes: FOUNDATION, STIFTUNG, FUNDACIÓN, FUNDACIÓN DE INTERÉS PRIVADO. Please enter 3 proposed names containing one of those suffixes. We will register the first available Foundation name in Panamanian.

We provide by default initial nominee directors for Panamanian Foundation. New executives (YOU) are appointed to control the Panamanian Foundation, thus the public documents do not show your individual name directly. If you still need to appoint your own first directors, please provide details as additional instruction.

For confidential business, the Power of Attorney will be issued in the name of the owner or executive managing the Panamanian Foundation.

The total capital stated at formation time is USD 10000. The initial capital amount can usually be counted as fully paid on, depending of the Panamanian law. The Panamanian Foundation will be registered with default total capital of USD 10000 and each share having value of USD 0.

If you change the stated capital that might affect our service fee.

We do not need to know who are shareholders.

DETAILS OF INDIVIDUAL SUBMITTING THIS FORM

We need to keep confidential details of the ordering party, name, contact details, scan/copy of the ID or passport and some utility bill or other evidence of residency (Know Your Clients or KYC). You will be asked for those documents after the payment.

Include the correspondence address only if different than residence address.

Describe your intended activities. This is required for our file, and sometimes for registration purposes, however, the legal entity is usually allowed any common business activity.

INDIVIDUAL GUARANTEE OF LEGALITY

I do hereby certify that the foregoing information is, to the best of my knowledge, true, correct, complete and without material omissions; and I accept full personal responsibility for any failure. I further certify that the Panamanian Foundation hereby requested and ordered will not be used for any illegal purposes, money laundering, terrorism or any other illegal activity as published by United Nations Office on Drugs and Crime (http://www.unodc.org/unodc/index.html) and that any assets placed into those entities will be derived solely from legal activities.

Only individual names are accepted.

Sign digitally with your full name. Your digital signature will be considered legitimate for porpose of formation of Panamanian Foundation.