Gray and Co, lawyers, abogados, international legal services, Panama City

Beth Anne Gray J., LL.B. (Hons.)

P.O. Box 832-0816 - World Trade Centre - Panama City - Republic of Panama

International Legal Services

 

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Panama Corporation - Incorporation Fees & Costs

The following apply for Corporations with a standard authorised capital of $10,000.00, which will not be used to do business in Panama and which do not have any Panamanian-source income.  If you wish to have a higher capital, please inquire regarding the incorporation costs. If you want to establish a company to do business in Panama, then please review the fees for local business corporations.

NOTICE: As of July 1, 2010 our sales tax (ITBMS) has increased to 7% and applies to all services offered by law firms, and will be charged accordingly to clients. 

[Annual Renewal Fees]

$920.00

Panama Corporation

$250.00

Government Fees (2010)
$250.00 Registered Agent Fees (2010)
$420.00 Fees & Out of Pocket Expenses (Notary fees, stamp duty, Registry Fees, etc.) 
$1,275.00 Corporation with Nominees $250.00 Government Fees (2010)
$250.00 Registered Agent Fees (2010)
$375.00 Nominee Board of Directors (2010)
$400.00 Fees & Out of Pocket Expenses (Notary fees, stamp duty, Registry Fees, etc.)  

Additional sets of documents which you may request with the incorporation: 

$500.00 Apostilled set of documents (#1) $230.00 Power of attorney with Apostille
$230.00 Certificate of Good Standing with Apostille
$115.00 Articles of Incorporation with Apostille
$750.00 Apostilled set of documents (#2), for account opening by the client.  $230.00 Power of attorney with Apostille
$230.00 Certificate of Good Standing with Apostille
$115.00 Articles of Incorporation with Apostille
  $345.00 Authenticated IDs for each nominee directors, with Apostille.
  $75.00 Corporate Resolution authorising the opening of a corporate account (client to provide the name of the bank, address and other details for the resolution )
  no charge Reference letter for the directors addressed to the bank (client to provide the name and details of the bank) 
  no charge courier (will be sent in the same courier package as the incorporation documents)

These packages include:  

bulletTransfer of Subscription Rights 
bulletPre-signed, undated resignation letters from the Nominee Directors (as applicable) 
bulletShare Certificates prepared according to the client's instructions 
bulletRegister of Shareholders 
bulletCompany Minutes Book (held by the Company Secretary at the Registered Office, where Nominee Directors are appointed)  

Annual Renewal Fees

See also Panama Annual Renewal Fees

$550.00 Panama Corporation $300.00 Government Fees
$250.00 Registered Agent Fees
$925.00 Corporation with Nominees $300.00 Government Fees
$250.00 Registered Agent Fees
$375.00 Nominee Directors 

If the Corporation is Struck off the Registry (i.e. tardy payment of the Annual Renewal Fees), then reinstatement will cost:  

$50.00

Penalty Fee for late payment, if paid within 180 days of the overdue date
$300.00 Reinstatement after 180 days
$50.00 Gray & Co. reinstatement fee, if reinstating after 180 days 

Clients will be asked to pay the incorporation fees and costs before the corporate documents are dispatched via courier or personally delivered. 

Payments can be made via Visa or Mastercard.  Please see our Credit Card Authorisation Form.

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Last modified 06-Jul-2010 15:58 -0400

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