This is one of our most popular packages with international customers, and includes:

The registration of your foundation from scratch using our own registered agent and registered office address, and appoint your own candidates to the role of council members and protector;

The search for foundation name availability, confirmation, and reservation;

The payment of initiation fees and government fee for incorporation are included in the price of this package;

The provision of a registered agent and registered office address in Panama for 12 months are also included in the price of this package (our registered agent and provision of a registered office address service are charged annually);

The preparation and filing of the Charter and Regulations of your foundation;

A minimum of US$10,000 of assets must be transferred to the foundation, although this need not take place immediately following establishment. Contributions may include any type of asset - cash, property, services rendered, or a promissory note or other obligation;

The formation of a foundation usually takes as little as three to five working days from the time that your application and payment are received by Coddan;

To receive a recorded copy of the Foundation Charter and Regulations usually takes as little as one to two days from the time of incorporation;

The following documents will be posted to you upon registration of your foundation:

The original certificate of incorporation (in English & Spanish);

The original Foundation Charter (in English & Spanish);

A bound copy of the Regulations of your foundation (in English only).

	Economy Package		£ 1,000 Annual Maintenance Fee £400.00

This is another one very popular package with international customers, and includes:

The registration of your foundation from scratch using our own registered agent and registered office address, appoint our own candidate to the role of a nominee council member and appoint your candidate to the role of protector;

The search for foundation name availability, confirmation, and reservation;

The payment of initiation fees and government fee for incorporation are included in the price of this package;

The provision of a registered agent and registered office address in Panama for 12 months are included in the price of this package (our registered agent and provision of a registered office address service are charged annually);

A nominee council for 12 months is also included in the price of this package (our nominee council service is charged annually);

The preparation and filing of the Charter and Regulations of your foundation;

A minimum of US$10,000 of assets must be transferred to the foundation, although this need not take place immediately following establishment. Contributions may include any type of asset - cash, property, services rendered, or a promissory note or other obligation;

The registration of a private foundation usually takes as little as three to five working days from the time that your application and payment are received by Coddan;

To receive a recorded copy of the Foundation Charter and Regulations usually takes as little as one to two days from the time of incorporation;

The following documents will be posted to you upon formation of your foundation:

The original certificate of incorporation (in English & Spanish);

The original Foundation Charter (in English & Spanish);

A bound copy of the Regulations of your foundation (in English only);

The general power of attorney signed by a nominee council;

Pre-signed, undated resignation letter from a nominee council;

The agreement for the provision of nominee service and indemnification of nominee.

	Premier Package		£ 1,115 Annual Maintenance Fee £515.00

This is our finest package with international customers, and includes:

The registration of your foundation from scratch using our own registered agent and registered office address, appoint our own candidate to the role of a nominee council and a nominee protector;

The search for foundation name availability, confirmation, and reservation;

The preparation and filing of the Charter and Regulations of your foundation;

The payment of initiation fees and government fee for incorporation are included in the price of this package;

The provision of a registered agent and registered office address in Panama for 12 months are included in the price of this package (our registered agent and provision of a registered office address service are charged annually);

A nominee council for 12 months is included in the price of this package (our nominee council service is charged annually);

A nominee protector for 12 months is also included in the price of this package (our nominee protector service is charged annually);

A minimum of US$10,000 of assets must be transferred to the foundation, although this need not take place immediately following establishment. Contributions may include any type of asset - cash, property, services rendered, or a promissory note or other obligation;

The incorporation of a foundation usually takes as little as three to five working days from the time that your application and payment are received by Coddan;

To receive a recorded copy of the Foundation Charter and Regulations usually takes as little as one to two days from the time of incorporation;

The following documents will be posted to you upon formation of your corporation:

The original certificate of incorporation (in English & Spanish);

The original Foundation Charter (in English & Spanish);

A bound copy of the Regulations of your foundation (in English only);

Pre-signed, undated letters of resignation from a nominee council and a nominee protector;

A general power of attorney signed by a nominee council and a nominee protector;

A declaration of trust from a nominee council and a nominee protector;

An indemnity letter for the power of attorney;

A nominee agreement which provides for the indemnification of the nominees.

	Deluxe Package		£ 1,368 Annual Maintenance Fee £768.00

A Panamanian foundation can do business within Panama, and can own real estate in the jurisdiction of Panama.

The foundation is required to have a registered office address in Panama.

The foundation is required to have a resident agent in Panama, named in the Charter.

The foundation is required to have the council members. If the council members are individuals, the law requires 3 council members (President, Secretary and Treasurer). If the council members are entities, the law only requires one council member.

The council member can be of any nationality.

The council members can be corporate bodies or private individuals.

The foundation is required to have a foundation ptotector.

The same person cannot be both a council and a protector.

he foundation council and protector may be resident outside of Panama.

The names and addresses of council members and foundation protector are available on the public record.

A minimum of US$10,000 of assets must be transferred to the foundation, although this need not take place immediately following establishment.

There is no public record of the capital amounts other than this minimum transfer, so the sum of total assets held by the Foundation remains confidential.

A Panama foundation may not directly engage in commercial activities. However the foundation can own a corporation from Panama or anywhere else and this corporation that it owns can operate commercially.

If all the Panama foundation income is derived outside of Panama there is no income tax due and no need to file a tax return in Panama. Panama has no capital gains tax on bank interest or stock market gains and no inheritance tax.

			Legal Requirements

Establish Panamanian Private Foundation: Economy Package £1,000 Establish Panamanian Private Foundation: Premier Package £1,115 Establish Panamanian Private Foundation: Deluxe Package £1,368 Establish Panamanian Private Foundation: Legal Requirements

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