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.

Payments options.

The annual maintenance payments can be made via Bank Transference, Visa / MasterCard cards.