How do I have 100% control and I stay anonymous?

You can have 100% control of the assets of a Corporation and Private Interest Foundation without disclosing your identity to the general public.   In this case, it is established that to be a director you don’t necessarily have to be a share holder.   The board of directors provided by our company will have the roll of employees working for the Share holders and following their instructions.  

How does it work?

Board of Directors

According to the article 68 of the Panamanian Law of the Anonymous Panama Corporation, to be able to have access to the Corporation’s assets and bank account funds is a requirement to have approval from the Share Holders.   In other words, the Board of Directors only follows instructions from the Share Holders.

The Corporation must be established as follows:

1- Directors:   A minimum of three (3) directors, they don’t necessarily have to be Panamanian.   If you want to stay anonymous then you should use the nominee director’s service.

2. Dignitaries: A minimum of three members: A President, a Secretary and a Treasurer.    One person can execute two positions if necessary.

None of the decisions taken by the Board of Directors in representation of the corporation will be valid unless the Share Holders approve them.   Every time a decision is made the board of directors has a formal meeting that is recorded in print and stamped by a notary.   These meetings specify the presence of the board of directors and also the Share Holders.   The document is not valid if missing the signature of the represented parties, meaning the signature of one member of the board of director and the signature of the Share Holder.

Since you are the Share Holder you will receive a General Power of Administration and also the resignation letters from the Members of the Board of Directors.   This way you control 100% of the decisions and activities of your Corporation.

How can the Share Holder ensure Total Control?

To have all the control you only need the following from the Board of Directors:

1- A General Power of Administration specifying all the activities that you can execute in behalf of the Corporation.

2- Three Resignation Letters from each of the members of the Board of Directors, resigning to their roll in the Corporation.

3- The Stock Certificates signed by the President and the Treasurer.

4- Two resignation letters to the rights of subscription of the Shares and Corporate Deed.

5- A meeting of the Board of Directors authorizing the opening of the Bank Account in behalf of your corporation and specifying who is going to be the signer in the account (only you).