General Power of Attorney
These are examples of General Power Of Attorney that may be used for various types of corporations.
We have used this General Power of Attorney for a newly formed corporation in Panama where client chooses the option to remain anonymous as an owner and wish to have 3 nominee directors which names appear finally in the public register of Panama.
The GPOA is not registered with authorities. It can be notarized and apostilled by the public notary. Your name is thus not visible in any public documents and will not be given to third parties.
GENERAL POWER OF ATTORNEY
By herebyYOUR CORPORATION NAMEgrants a General Power of Attorney in favor of:YOUR NAME, with passport of Your Country number 000001. Said person may act individually in the name and on behalf of the Corporation, in any part of the world, with the following powers:
To open, operate and close any current, deposit or other bank accounts; to draw, endorse and sign checks, to deposit any money, either in the name of the Attorney or the name of the Corporation and generally to undertake any other banking transaction on behalf of the Corporation.
To enter into any arrangements with any governments or authorities (supreme, municipal, local or otherwise) or any corporations, companies or persons, and to obtain from such government, authorities, corporations, companies or persons, any charges, contracts, etc. To represent and act on behalf of the Corporation in tax inspection, state registry chamber and other state organizations anywhere in the world with the purpose of establishing of representation, branches and any other juridical entities and to open any type of bank accounts in any banks of the world.
To demand and receive from all persons, firms, companies or other bodies indebted to the Corporation all debts and other sums of money now or at time hereafter owing from them, and to give and execute all necessary receipts and discharge from the same with power to accept security and give time for payment of any debt or part thereof, and upon failure to pay any such debt to institute and prosecute any legal or other proceedings authorized by law for obtaining payment of the same which may seem proper or expedient to the said Attorney.
To sign, seal, make and execute all such contracts deeds, agreements and documents as shall be necessary or expedient.
Generally, to act as agent for the Corporation and to execute and perform on behalf of the Corporation all lawful and reasonable acts as fully and effectually to all intents and purposed as the Corporation might or could do.
To pay contributions, duties, taxes, assessments, excises and charges of all kind, which the Corporation may be required to pay and to contest such payment whenever shall deem them exorbitant or improper.
In general, to enter into and perform all such civil, mercantile, financial, industrial or manufacturing contracts, whether or ownership or management, as may be necessary or convenient to carry out the business and purposes of the Corporation, although expressly may be required for the exercise of any or all of the power herein granted for it is the intention that the enumeration herein of specific power is made merely by way of explanation and is not in any way to be constricted as is implying limitation whatsoever.
To delegate and transfer rights according to his General Power of Attorney in part or in whole, to any third person.
The empowered is authorized to open offices any wheer in the world, including to designate a representative or representatives of such offices.
The present General Power of Attorney is given for three (3) years since the date of until and can not be revoked.
The president of the Corporation is empowered to grant this General Power of Attorney in the terms expressed above.
PRESIDENT: NAME SURNAME
SECRETARY: NAME SURNAME
TREASURER: NAME SURNAME
GENERAL POWER OF ATTORNEY
This is sample and the data used has no connection with any real situations or persons.
By hereby YOUR CORPORATION grants a General Power of Attorney in favor of: Mr. YOUR NAME , holder of XXXXXXXX ID card 812712821 issued on 5th October 1998 by the Ministry of Interior of XXXXX in XXXXXX and with the XXXXXXXXXX personal citizen number: 8382829322. Said person may act individually in the name and on behalf of the YOUR CORPORATION. (further in this text referenced as "Corporation"), in any part of the world, with following powers:
To be the Attorney of the Corporation and in the Corporation's name, place and stead to do all such acts as necessary or in the opinion of the Attorney, expedient on behalf of the Corporation in connection with any of the activities or interests or otherwise of the Corporation.
To sign, execute and deliver any agreements, contracts and other documents on behalf of the Corporation; to negotiate, correspond and generally deal on behalf of the Corporation with all third parties with the power to take decisions on behalf of the Corporation when the Attorney in his sole discretion shall see fit;
To deal with all governmental, administrative and other authorities in all countries in which the Corporation operates or proposes to operate or has interests including the right to open representative Offices in any country;
To sign, execute and deliver any documents on behalf of the Corporation and to do any act, matter or thing on behalf of the Corporation, which shall be necessary, or in the opinion of the Attorney expedient, in the course of acting under this Power of Attorney;
To exercise all and any banking transactions to/from the any accounts of the Corporation in all countries, including the right to open and close any banking accounts anywhere, to effect any payments (remittance of money) from/to these accounts, as well as to exercise any other financial operations with them;
To exercise all and any other actions necessary for the effective management and control of the Corporation's activity;
To organize and register any companies/firms in all countries in which the Corporation is the capital owner or holds shares of the capital, to determine their statute, name, objects of activity, partners, model of management and persons to represent them and the share capital of the Corporation therein, including the right to register mercantile agencies, branches and branch departments of the Corporation in all countries; to sign on behalf of the Corporation all documents in connection with the registration of these companies/firms in all countries.
To represent the Corporation at all General meetings of the partners/shareholders in the companies in which the Corporation is the capital owner or holds shares of the capital and to vote (in person or by proxy) on behalf of the Corporation as he (the Attorney) finds appropriate on all items from the agenda of these meetings;
To represent the Corporation in all managing bodies of the established companies in which the latter is elected and in the Corporation's name to vote at the respective meetings of these managing bodies as he finds appropriate, including the right to sign the minutes of these meetings;
To buy, sell, resell, subscribe, arbitrate, acquire or assign any stocks, shares, bonds or other securities in the name of the Corporation by any means, and at any place the Attorney judges suitable;
To represent the interests of the Corporation in state authorities and courts of all countries.;
To apply and sign on behalf of the Corporation applications and all other kinds of documents to Authorities, Courts and Tax inspections of all countries;
To sell, deal, buy, trade, lease, assign, rent, or dispose of any of the Corporation's present or future real or personal property (for prices and on terms which the Attorney shall determine), including any duty-free zones; the right to register the company on any duty-free zone in the world with powers to do all acts and procedures necessary for putting goods under customs control or customs direction, provided in the Law for Customs, the Regulations for Appliance of the Law for Customs and other normative acts in reference to their appliance and to sign all necessary documents in connection with exercising the rights granted by this Power of Attorney and for that purpose to sign in the name of the Corporation wherever necessary; the right to prepare in our name and on our behalf all kinds of documents for customs needs for goods, subject of the activity of the company, to sign and seal all documents for customs needs in our name and on our behalf, to be our representative before the customs administration on the completion of customs proceedings related to the activity of the company, to prepare whenever necessary statements from the customs archives to support the relevant procedures;
To credit, lend, invest or reinvest funds on behalf of the Corporation in unlimited amounts and terms and in reference thereto to conclude (sign) the relevant contracts in the name of the Corporation;
To preside in place of the directors and/or members at all meetings of the Board of Directors and/or Members. The Attorney may vote in their place, and sign all relevant documents, including invoices and those pertaining to the opening of bank accounts;
To gather takings of the Corporation in all countries and in this connection to represent the Corporation before all Court Authorities on claims initiated by or against the Corporation, including the right to empower lawyers to represent and protect the Corporation's interests in these legal actions;
To empower third persons to the full degree allowed by this Power of Attorney.
The Attorney may in his sole discretion appoint a substitute or substitutes to carry out any of the objects herein authorized and may revoke any such appointment or appointments, which include provision of any Power of Attorney to other persons.
Any action undertaken through this document must comply with the Articles of Association of the Company as well as the applicable laws of the domicile country of the Company. If requested by the Director of the Company, the attorney-in-fact mentioned herein shall be under obligation to report to the Board of Directors on any particular action performed by him in the name of the Company.
The present General Power of Attorney is given for three (3) years since the date
and cannot be revoked.
The president of the Corporation is empowered to grant this General Power of Attorney in the terms expressed above and it was duly approved by the Board of Directors of XXXXX CORP.
PRESIDENT(NAME OF DIRECTOR)
SECRETARY(NAME OF DIRECTOR)
TREASURER(NAME OF DIRECTOR)
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