PRIVATE FOUNDATION ANNUAL MAINTENANCE COSTS
Annual Maintenance Costs
Panama Private Foundation annual renewal costs.
In each anniversary of the date of incorporation, the Foundation must pay US$400 for the Annual Franchise Tax to the Panama Government. In addition, US$350 shall be paid to our Firm for Resident Agent fees.
In case of a Nominee Foundation Council Member appointed by our Firm, there is an annual fee of US$150 for each nominee member appointed. The above fees are also subject to a service tax surcharge.
Summary | Foundations annual maintenance costs.
- Total including Nominee Council Services and service tax US$ 1,256.
- Total when appointing your own Foundation Council including service tax US$ 775.
The annual maintenance payments can be made via Bank Transference, Visa / MasterCard cards.
Annual renewal payment notifications.
Usually a reminder note via email is sent a month or so before the date due in order to maintain your Foundation in good standing with its annual payments.
Once the payment is received, our firm will take care of paying the above taxes to the Panama Government and afterwards send you a scanned copy of the official payment receipt via email.
Get in touch with us!
Advanced Tower, 1st Floor
Panama City, Panama
+507 264.5570 | 264.5931