You have read enough on Foundations in Panama and up to here you have an ample knowledge. As follows, we will give you some tips that we have already mentioned and that you must remember when establishing your Foundation:
1. Name of the Foundation: the name of the foundation can be in any language and must include the word: Fundación or Foundation.
2. Council Members: are (3) three. Remember President, Secretary and Treasurer. We can make it with some of these options:
OPTION 1:
PRESIDENT - natural person from our staff
SECRETARY - natural person from our staff
TREASURER - natural person from our staff
OPTION 2:
PRESIDENT - legal person
SECRETARY - legal person
TREASURER - legal person - legal person means another Corporation. Example: President, S.A.; Secretary, S.A.; Treasurer, S.A.
OPTION 3:
PRESIDENT - natural person named by you
SECRETARY - natural person named by you
TREASURER - natural person named by you
Remember that if you want anonymity, we recommend you options 1 and 2.
3. Beneficiaries: these are those that indicate who the owners of the foundation are and are described on a Private Document or in the By-laws of the Foundation or a Letter of Declaration of Will.
4. Protector: controls the foundation, is named by the Council Members and is described on a Private Document or in the By-laws of the Foundation or a Letter of Declaration of Will.
5. YOU DO NOT HAVE TO COME TO PANAMA TO CONSTITUTE YOUR FOUNDATION.
Request it through Secure Ordering
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