For
a standard Foundation, with an initial declared
capital (this does not have to be paid into
the Foundation) not exceeding US$ 10,000.00,
our fee to you or your firm for formation
and registration of a Panamanian Private
Foundation is US$ 1,200.00. This amount
includes:
1.
Our legal fees for the formation & registration
of the Foundation.
2.
Notary and other sundry expenses such as
phone, fax, courier, copies, registered
translations, etc.
3.
US$ 150.00 Foundation resident agent fee
for the first year, as of the date of registration
(annual fee).
4.
US$ 300.00 annual Foundation franchise fee
for the first year, as of the date of registration
(annual fee).
5.
Provision of nominee Council directors and
officers for the first year from the date
of registration, if requested.
This
US$ 1,200.00 fee is complete and includes
everything necessary to form, file, register
and put into operations a fully functional,
operational Foundation. Turn around time
is normally three to five working days from
our receipt of all required information,
original signatures, and certified check
or wire transfer.
Additionally,
and at no additional charge to you or your
firm, we can provide examples of internal
Regulations, which you can then tailor to
suit your client’s needs. Finally,
we can provide you or your firm with points
of contact of several reputable international
banks operating in Panama, if your clients
wish to open up offshore bank accounts in
Panama.
Normally,
some international clients (attorneys and
law firms) provide value added services
to their clients by advising them on the
specific provisions of the internal regulations
best suited to their client’s particular
needs, etc. As such, Panamanian Private
Foundation formation is normally billed
to the end client at US$ 2,500.00 to US$
5,000.00 per Foundation.
