- Notary’s fees.
- Capital registration tax on the basis of an initial foundation capital of US$10,000.
- Resident Agent fee for the first year.
- Legal fees.
- Power of attorney included in the Foundation Charter (if requested).
- Appointment of a Protector included in the Foundation Charter (if requested).
- English Translation of the Foundation Charter.
- Certificate of good standing of the Foundation translated into English.
- Annual franchise tax payment of US$350 in concept of the first incorporation year.
- A sample document for preparing the Foundation Regulations.
- Official documents certified by Apostille and with official English translations.
- DHL Courier expenses.
- Service Tax.
- Click here for the list of documents included in our package
Panama Foundations 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 your own Foundation council (must be formed by 3 persons).
B. To appoint one Corporation as the Foundation Council.
C. To use our nominee services in order to appoint a nominee Foundation Council.
In order to gain more privacy we could appoint the three member of the Foundation Council required by Law. In this way the client names would not be revealed in the Foundation Charter. There is an additional charge of US$300 for this service (US$100 for each appointed nominee member).
In case you use a Nominee Foundation Council, you would gain control over the Foundation with a General Power of attorney issued in a Private separate document, this document usually appoints also the client as Foundation Protector. The cost for this document issued by means of a private separate deed, duly certified by a Notary Public and Apostille would be US$100.
