The Foundation Charter must include the following information:

  • Foundation name.
  • The Founder name.
  • The initial capital of the Foundation (usually US$10,000)
  • Name and address of the 3 member or members of the Foundation Council.
  • The domicile of the foundation.
  • The name and domicile of the Resident Agent of the foundation in Panama.
  • The purposes or objects of the foundation.
  • The manner of appointing the beneficiaries of the foundation.
  • The reservation of how to modify the Foundation Charter.
  • The duration of the foundation.
  • Any other clauses which the founder may consider convenient.