Fee Schedule

Note

1. For Ordinary companies nominee Directors and Officers ($900) is an optional service. If we do not provide it, then the Registered Agent fee is increased to $350. Incorporation will then cost $1,450 and annual charges will be $650.

2. For Limited Liability companies (LLCs) similar to those offered in many domestic and offshore jurisdictions as an alternative for those clients wishing to operate along the lines of a partnership instead incorporation costs are $1,500. If you wish us to provide any nominees (such as officers) the charge is $300 annually per nominee which is payable in advance. Without nominee services the annual costs will be $650, the same as an Ordinary company

3. If you have either more than one company or a normal trust or foundation with a company for which we are providing nominee services, then our company fees for formation and annual representation as directors and/or officers will be discounted by 25%.

OTHER JURISDICTIONS

Details of fees and costs for the Bahamas, British Virgin Islands, Cayman Islands

and other offshore centres can be supplied upon request.

NOTES

· Where we manage a company we can prepare a simple fiduciary deed for $450, with no annual or distribution fees, enabling a deceased client’s shares to be transferred to his heirs.

· A fee of $250 will be payable when a company under management is liquidated, transferred or abandoned and $500 if it is to be dissolved. Should a company be removed from the Register and then need to be restored, a minimum fee of $300, exclusive of disbursements, will be charged.

· We charge $500 all-inclusive for any changes required to be recorded at the Public Registry.

· Cash distributions are subject to a $25 charge per transaction.

· In those cases where we are asked to provide consulting services, our fee is $250 per hour or part thereof.

GENERAL SERVICES

· Out-of-pocket expenses will be additional to any annual fee and where special duties or complex activities are undertaken, agreed extra fees may be payable commensurate with the degree of work and responsibility involved. We charge a minimum $350 fee, excluding disbursements, for opening each bank and any other type of investment account unless the work involved is beyond normal processing in which case the fee will be increased. The fee is for processing the paperwork only and Trust Services, S.A. cannot guarantee that any account applied for will be opened. If credit or debit cards are required there is an additional fee of $75 for each one. Credit or debit cards issued in Panama can be used at ATM machines anywhere in the world where the Plus sign appears. In order to obtain a credit card, a savings account must be opened and a deposit equivalent up to 150% of the credit card limit made. Where clients choose to be the authorised signatories on banking or other accounts, they must deal directly with the institutions concerning all matters once an account is opened.

· A transaction fee of 0.375% is charged in respect of all inward funds received into accounts controlled under our signature. A reducing fee scale is applied above $1 million and details are available upon request. The minimum fee is $25. There is no fee charged by us for outward fund transfers.

· A fee of 0.25% is charged in respect of all stock market transactions executed by us. The minimum fee is $50

· Where we assist in immovable property transactions on behalf of clients, we charge a fee of 0.875% of the value of the purchase or sale amounts for attending to the paperwork, subject to a minimum fee of $300 and a maximum fee of $1,500.

· Mail retention and post box facilities are available. The minimum annual fee is $50, or $110 for both facilities, and is based on volume.

· If a client wishes to have us retain any personal items in safe custody there is a minimum annual fee of $150.

· Fees for fiduciary services are on a separate schedule and any undisclosed fees for our other services will be provided on request.

FEES

· Fees (including annual directors/officers fees) are not refundable and are payable in advance. Payments should be wired to:

HSBC BANK
140 Broadway, 11th Floor
New York, NY 10005-1180
Swift code MRMDUS33
ABA 021001088
Chip 0108
For credit to:
BANCO PANAMEÑO DE LA VIVIENDA, S.A.
41st Street and Chile Avenue, Bella Vista
Panama
Swift Code: BPV VPAPA
Account No. 000-03619-6
Further credit to:
OMS Ltd.
Account No. 12020000111332001: Ref:*

*Insert initials of name for identification purposes.

Please note that fees are subject to change without notice.

All changes are posted on our website.

ESCROW FEES

As a licensed Fiduciary we can hold funds in escrow in respect of commercial transactions undertaken between parties. Our fees are based on a minimum charge of $1,000 or 0.375% unless the amount exceeds $3 million in which case the fee is negotiable. In addition, an administrative charge for processing the supporting documentation will be charged and unless complex this will be $500.

NOTES

Where we manage a company we can prepare a simple trust deed for $450, with no annual or distribution fees, enabling a deceased client’s shares to be transferred to his heirs.
Our annual fee is calculated on 1/4 of 1% of the assets under management or $1,000, whichever is greater, up to $1 million. Upon request we can advise the fees charged for assets in excess of $1 million.
Out-of-pocket expenses will be additional to our annual fee and where special duties or complex activities are undertaken, extra fees may be payable commensurate with the degree of work and responsibility involved.
When a normal trust or foundation is either transferred or terminated there will be a fee of $500 charged, unless the process will be complex when additional fees will be raised.
Our minimum annual fee for serving solely as a Protector or Adviser for a trust or foundation is $1,000 and is subject to both the level of responsibilities and the value of the assets.
In those cases where we are asked to provide consulting services, our fee is $250 per hour or part thereof.
Cash distributions are subject to a $25 charge per transaction.
Where either a normal trust or a foundation is formed and a company is also required, our company fees for formation and annual representation as directors and officers will be discounted by 25%.

OTHER SERVICES

· Fees for our general corporate services are on a separate schedule and any undisclosed fees for our other services will be provided upon request.