CORPORATE AND GENERAL FEE SCHEDULE
PANAMANIAN COMPANIES
|
Incorporation Charge Registered Agent Fee and Government Licence Fee Advance for first year's nominee directors and officers Total Annual Renewal Fees (minimum) Annual Licence Fee Registered Agent Provision of Nominee Directors and Officers Total |
$
900.00 $ 550.00 $ 900.00 See Note 1. $2,350.00
$ 300.00 $ 250.00 $ 900.00 See Note 1 $1,450.00 |
Note
1.
For
Ordinary companies nominee Directors and Officers is an optional service.
If we do not provide it, then the Registered Agent fee is increased to
$350. Total incorporation will
then cost $1,550 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%.
|
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.
·
We charge $750 all-inclusive for recording dissolutions
of corporations and foundations at the Public Registry.
·
Cash distributions are subject to a $50 charge per
transaction.
·
The annual fees charged for administration do not
include personal meetings or work (beyond maintenance of records) which involves
either the client or related parties, including lawyers, banks and accountants
and for which separate, professional fees will be charged at the hourly rate of
$300 (Managing Director), $150 (senior officers) and $75 (clerical staff).
Meetings of less than 1 hour will be charged at the appropriate hourly
rate.
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 $150 for each one ($75 for each
additional card). 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 other than for fees 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 and the maximum fee is
$5,000 and 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.
·
Messenger service $25.
·
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:
FIDUCIARY FEE SCHEDULE
TRUSTEE FEES
| Acceptance, Drafting
and Legal fees subject to complexity (minimum) Special simple trust (no annual fees) Annual Renewal Fees: Annual Management (minimum) ***Up
to $1 million 0.25% of the value of the assets, 0.1875% on the next $1
million, 0.125% on the third $1 million and thereafter 0.100% on each
subsequent $1 million or part thereof. |
$1,500.00
** $ 450.00
$1,000.00*** |
FOUNDATION FEES
| Acceptance,
Drafting and Legal fees subject to complexity
(minimum) Annual Licence Fee Registered Agent Government Registration Costs Total Annual Renewal Fees Annual Management (minimum) Annual Licence Fee Registered Agent Total ** To be added to the formation charges is the first year's management fee which is payable in advance. ***Up to $1 million 0.25% of the value of the assets, 0.1875% on the next $1 million, 0.125% on the third $1 million and thereafter 0.100% on each subsequent $1 million or part thereof. |
$1,050.00
$ 300.00 $ 250.00 $ 170.00 $1,770.00**
$1,000.00*** $ 300.00 $ 250.00 $1,550.00
|
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.
§
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.
§
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.
The annual fees charged for administration do not include personal
meetings or work (beyond routine maintenance of records) which involves either
the client or related parties, including lawyers, banks and accountants and
for which separate, professional fees will be charged at the hourly rate of
$300 (Managing Director), $150 (senior officers) and $75 (clerical staff).
Meetings of less than 1 hour will be charged at the appropriate hourly
rate.
§
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.
§
Cash distributions are subject to a $50 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%.
§
Messenger service $25.
·
Fees for our general corporate services are on a separate
schedule and any undisclosed fees for our other services will be provided upon
request.
FEES
·
Fees are not refundable and are payable in advance. Payments
should be wired to:
*Insert
initials of name for identification purposes.