Our total cost for incorporating a Private Interest Foundation in Panama, including its respective translations into English language, with all documents duly authenticated and delivered in your office is US$1050.
This cost includes expenses such as:
- Notaries fees
- Capital Registration Tax on the basis of an initial Foundation capital of US$10,000.00
- Resident Agent fee for the first year
- Legal fees
- Power of attorney included in the Foundation Charter (if requested)
- Translation into English of the Foundation Charter
- Certificate of good standing of the corporation translated into English
- Annual franchise tax payment of US$250.00 in concept for the first year of incorporation
- A sample of the Regulations for the Foundation
- Official documents authenticated by Apostille and with official English translations
- Courier expenses
- Click here for the list of documents included in our package
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:
A. To appoint you own Foundation council (must be formed by three natural persons)
B. To appoint a Corporation as the Foundation Council.
C. 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; $1,450.00. *
Total cost appointing your own Foundation Council; $1050.00 *
* Plus local service tax
In order for us to proceed with the incorporation, you must provide the following: (can be sent via email)
- 3 possible names of the Foundation in order of preference. Must have the word Foundation
- Name of the Foundation Council Members (If appointed by the client)
- Name of the person that will hold the general power of attorney (If required)
- Your courier address and phone number where Foundation documents shall be sent
- Transfer of the cost for the incorporation of the Foundation to our Bank Account. The payment can be made also with Visa or MasterCard
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 5 business days.
