If you are convinced that a Private Interest Foundation is for you, read the following to establish your own foundation. See application.

1. Personal Information: Complete the application with your personal contact details.

2. Select the name (s): In the application, you should indicate three name choices for each Foundation. The names of Panamanian Foundations can be in any language and must include the word "Foundation" in the name (in any language) in Spanish – fundacion, in English - foundation.

Once you have submitted your application, including the name (s) of its Foundation (s), we check to see if the names you selected are available in the Panama Public Registry. We can accomplish this within few hours.

3. Council (Directors): In the application, you must indicate whom you want to appoint as Council members (directors) of your Foundation (s). Council members may be individuals or entities. If Council members are individuals, the law requires 3 council members (President, Secretary and Treasurer). If Council members are entities, the law only requires one member.
If you are appointed as a Council member of the Foundation, then your name is publicly known as a Council member since names of Council members and identifications must be presented in the public registry when the foundation is established. Usually, the only documentation of public record is the Deed (or Act) of incorporation and the names and addresses of Council members and Registered Agent.

You can use "Nominee Council" for confidential purposes, which comes with resignation letters, undated, previously signed by the directors, so that you can replace the Council / directors at any time.
If you prefer to appoint your own Council, you have to complete the application with the names of the Council members you want to use (also send a photocopy of passports of the Council members).

5. Beneficiaries: The Beneficiaries of the Foundation need not be known by us as the Foundation is registered. When you receive the documents of the foundation, you appoint the Protector, signing the Private Protectorate Document. The Protector must write a Letter of Wishes, indicating who are the beneficiaries of the Foundation.

6. Time frame: A new foundation can be established within 3-7 business days.

("APPLICATION FORM FOR PRIVATE INTEREST FOUNDATION.pdf")