Form a Panama Foundation

Panama Private Interest Foundation Formation and First-Year Fees – USD 5700.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to form a Foundation in Panama, and keep it in good standing, as well as government fees and duties, disbursements such as courier fees, and assignments such as the preparation of a certificate of incumbency, and the notarization of documents, which are generally required for opening bank accounts.

• drafting the Foundation Public Deed (English and Spanish)
• executing the Foundation Public Deed before notary
• filing the Foundation Public Deed with the Public Register of Panama
• paying the Foundation incorporation fees and franchise taxes to the Public Register
• obtaining the Certificate of Inscription of Foundation from the Public Register
• drafting and executing the Foundation Council Organizational Resolutions
• drafting and executing the Foundation Resolutions for the appointment of Protector
• drafting and executing the Foundation Resolutions for the appointment of Beneficiaries
• drafting and executing the Foundation Regulations (including unlimited revisions by the client)
• providing notarized and apostilled copies of all the Foundation documents, including certified translations to English
• providing a certificate of incumbency for bank account opening
• delivering the apostilled and notarized set and the certificate of incumbency to the client’s mailing address (including courier fees)
• providing registered office services, including registered address, for one (1) year
• providing registered agent and secretarial services for one (1) year

Time to form It generally takes us 1-3 days to prepare the incorporation documents, executing them as a deed by the Notary, and file them with the Registro Publico (Registrar). Once the company is filed, it takes around 5-10 business days for the Registrar to process the incorporation and issue the stamped Public Deed and related documents.

Nominee Services (Optional)

Nominee Council Members / Officers All Panamanian Foundations are required to have at least 3 council members/officers (President, Treasurer, and Secretary). Officers’ details are available for public inspection in the public registry. Most clients opt to appoint from one to three Nominee Council Members to fulfill the aforementioned positions.

• One Nominee Director (Natural Person) – USD 1400.00 p.a.*
• Two Nominee Directors (Natural Persons) – USD 2400.00 p.a.*
• Three Nominee Directors (Natural Persons) – USD 3,000.00 p.a., including Notarized and Apostilled Power of Attorney

*If the client wishes to appoint one or two Nominee Directors, we assume that a Notarized and Apostilled Power of Attorney shall not be required. Nominee Founder All Panamanian Foundations must have a Founder. Founder details are available for public inspection in the public registry.

• Nominee Founder (Natural Person) – USD 1600.00 p.a.