CORPORATE AND GENERAL
FEE SCHEDULE
PANAMANIAN COMPANIES
| Incorporation Charge Registered Agent Fee and Government Licence Fee
Total
Annual Renewal Fees (minimum)
Annual Licence Fee
Registered Agent
Total |
$ 900.00 $ 500.00
$1,400.00
$300.00
$200.00
$500.00 (without
nominee officers or directors)*
*We
charge $900 annually for nominee officers and directors. Fees are payable
in advance and should be included with the incorporation charge when
requesting a company. |
- 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 trust 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.
-
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%
-
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 cards are required there is an
additional fee of $75 for each one. Credit 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.
-
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 an 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 USA N.A.
- 140 Broadway, New York,
N.Y. 10015, USA
- ABA 021001088
- Swift MRMDUS33
- For credit: HSBC Bank
(Panama), S.A.
- Torre Hong Kong Bank, Ave.
Samuel Lewis
- Panama, Republic of
Panama.
- Account #000141186
- For further credit to:
OMS Ltd.
- Balboa Ave., Panama City,
Rep. of Panama
- Account: #048-105704-041
- Cod. No. 061
- 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.
24th
April, 2008.
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)
|
$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 |
$1,050.00 $
300.00
$ 200.00
$ 170.00
$1,720.00
$1,000.00
$ 300.00
$ 200.00
$1,500.00
|
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. Where assets exceed $1 million, fees are
negotiable.
-
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 a
negotiated fee 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.
FEES
Fees are not
refundable and are payable in advance. Payments should be wired to:
- HSBC Bank USA N.A.
- 140 Broadway
- New York, N.Y. 10015, USA
- ABA 021001088
- Swift MRMDUS33
- For credit: HSBC Bank
(Panama), S.A.
- Torre Hong Kong Bank,
Ave. Samuel Lewis
- Panama, Republic of
Panama.
- Account #000141186
- For further credit to:
OMS Ltd.
- Balboa Ave., Panama City,
Rep. of Panama
- Account: #048-105704-041
- Cod. No. 061
- 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.
24th April, 2008.