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Panama Private
Interest Foundations |
Incorporation Costs
Our total cost for
incorporating
a
Private Interest Foundation in
Panama, including
its respective translations into English
language, all documents duly authenticated and delivery in your office
is
US$900.00.
This cost includes expenses such
as:
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Notaries fees
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Capital Registration Tax on the basis of an initial Foundation capital of US$10,000.00
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Resident Agent fee for the
first year. |
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Legal fees.
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Power of attorney included
in the Foundation Charter. (if requested) |
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Translation into English
of the Foundation Charter. |
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Certificate of good
standing of the corporation translated into English.
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Annual franchise tax
payment of US$250.00 in concept for the first year of incorporation. |
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A sample of the Regulations for the Foundation. |
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Official documents
authenticated by Apostille and with official English translations. |
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Courier expenses. |
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Click here for the list of documents included in our package.
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Foundation Council
The Foundation must have a Foundation council which is similar to the board of
directors of a company, regarding this point you have three alternatives:
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To appoint you own Foundation council (must be formed by
three natural persons)
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To appoint a Corporation as the Foundation Council.
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To use our nominee services in order to appoint a nominee Foundation Council.
Brief Information about
a
Nominee Foundation Council:
In order to
keep anonymity and privacy
we can appoint the three member of the Foundation Council required by Law. In this way your
names or the real owners name will not be revealed in the Foundation Charter.
There is an additional charge of US$300.00 for this service (US$100.00 for each
nominee member appointed).
General Power of Attorney:
In case you use a Nominee Foundation Council, you will gain control over the Foundation with a General Power of
attorney issued in a Private separate document. The cost for this power of
attorney in a separate document, duly sealed by a Notary Public and
authenticated by Apostille is US$100.00.
» Total cost
including a Nominee Foundation Council and Power of Attorney in a Private Document;
US$1,300.00.
» Total cost
appointing your own Foundation Council; US$900.00
In order for
us to proceed with the incorporation, you must provide the following:
(can be sent via email)
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Three
possible names of the Foundation in order of preference. Must have the
word Foundation. |
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Name of the Foundation
Council Members . If appointed by the client. |
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Name
of the person that will hold the general power of attorney. If required. |
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Your
courier address and phone number where Foundation documents shall be
sent. |
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To transfer the cost
for the incorporation of the Foundation to our Bank Account. The payment
can be made also with Visa or MasterCard.
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Procedure
Time Frame:
Once we receive the confirmation that the funds were transferred to our account,
we will send you the Foundation documents by courier in approximately five
business days.
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