PANAMANIAN PRIVATE FOUNDATIONS
A. THE BASIC SET OF DOCUMENTS AND SERVICES: USD $2,295
The set includes Government Fee (USD $450), first year Registered Agent fee, and the following documents:
The documents in English: Certificate of Good Standing, The undated Letter of Resignation of the Foundation Council (Board of Governors), blank Beneficial Certificate, original Power of Attorney signed by the President and Secretary, members of the Foundation Council, Constitution Deed, Beneficial Certificate
The documents in Spanish: Certificate of Good Standing, Constitution Deed, official receipt regarding the payment of filing fees.
B. OPTIONAL SERVICES
Legalization by Apostille (recommended): USD $375
Note. Panama is a signatory to the Le Hague Convention of October 25, 1961, and therefore the documents of the company can be authenticated via Apostille and automatically legalized in all countries having signed the convention. So, there is no need to provide expensive and time consuming legalization in consular establishments when you are opening bank accounts, setting up a branch, purchasing a real estate property, etc.
Nominee Foundation Council (Board of Governors) Package: USD $890
The package consists of three nominee members services and a general power of attorney authenticated by apostille for one year.
Note. Using the General Power of Attorney you would be able to sign contracts, open, manage, and close bank accounts and generally do all things what the foundation council would do.