✦Private Wealth Structuring
Annual Maintenance Costs
A practical overview of the recurring charges and ongoing legal administration commonly reviewed in connection with Panama Private Interest Foundations.
Annual maintenance costs in practice.
Keeping a Panama Private Interest Foundation in good standing involves an annual franchise tax, resident agent fees and, where applicable, nominee Foundation Council services. These items are usually reviewed together as part of the ongoing legal administration of the structure.
All amounts are quoted in USD and may be updated if official taxes or service charges change.
Annual cost summary.
The usual annual charges are outlined below. The total will depend primarily on whether the Foundation Council is appointed directly by the client or whether nominee council services continue to be used.
| Annual franchise tax Payable each year to the Panama Government. |
US $400 |
| Resident Agent annual fee Annual professional fee for the Resident Agent. |
US $350 |
| Nominee Foundation Council services If provided by our firm, US $150 per nominee member each year. |
US $450 |
| Service tax Applies to professional services as required. |
As applicable |
Typical annual totals.
- US $775 when the client appoints and maintains its own Foundation Council, including service tax.
- US $1,256 when nominee Foundation Council services are maintained through our firm, including service tax.
These figures are useful as planning references, but they may be updated if official taxes or service charges change.
Renewal timing and notices.
The annual maintenance cycle is tied to the anniversary of the foundation’s incorporation. In practice, a reminder email is usually sent approximately one month before the payment due date.
Once funds are received, our firm handles the corresponding payment formalities and then sends a scanned copy of the official receipt by email.
Ongoing legal administration.
Annual maintenance is part of the ongoing legal administration of the foundation. It helps preserve the legal standing of the structure and the continuity of its documentation and administration over time.
Payment options
Annual maintenance fees may be paid by bank transfer or by Visa or MasterCard.
Related matters
Annual renewals are often reviewed together with resident agent compliance and accounting records obligations.
Review Incorporation Costs | Review Accounting Records Obligations
Related structure
Panama IBC Corporations
In some cases, a Panama corporation may be used alongside a foundation as part of a broader structure.
Review the annual position of the foundation.
We can help confirm the current annual charges, the renewal date and the documentation or compliance items that should be kept in order.