FEES & PAYMENTS

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FEES & COSTS

Late Fee

Entities opened between January and June must pay their Annual Fee by Jul 15 of the current year

Entities opened between July and December must pay their Annual Fee by January 15 of the following year.

If you pay your Annual Fee after July 15 or after January 15, you are subject to a $50 Late Fee.

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What is Included?

The IBC incorporation includes:

• Certificate of Incorporation (CRP)
• Certificate of Incorporation English Translation
• Original Articles of Incorporation (Pacto Social and Deed)
• Corporate Handbook including:
• Minutes
• Notarized Stock Registry
• Notarized Acts Record
• Resignation of Subscribers
• Resignation of Nominee Directors (if applicable)
• Meeting of Board of Directors
• RUC/Tax ID Number
• Tax Login Account Info
• Share Certificates issued as requested
• Digital Copies of all signed documents
• First Year Government Tax
• Public Registry and Notary Expenses

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What is Included?

The LLC incorporation includes:

• Certificate of Incorporation (CRP)
• Certificate of Incorporation English Translation
• Original Articles of Incorporation (Pacto Social and Deed)
• Corporate Handbook including:
• Minutes
• Notarized Stock Registry
• Notarized Acts Record
• Resignation of Subscribers
• Resignation of Nominee Directors (if applicable)
• Meeting of Board of Directors
• RUC/Tax ID Number
• Tax Login Account Info
• Holding Certificates (Participaciones) issued as requested
• Digital Copies of all signed documents
• First Year Government Tax
• Public Registry and Notary Expenses

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WHY SHOULD I USE NOMINEES ?

By law, opening an IBC Corporation requires naming 3 persons (individuals or entities) for Directors and 3 for Officers. Directors and Officers may or may not be the same persons. Together, Directors and Officers are responsible for IBC management and administration before the law . The names of Directors and Officers are recorded in the Panama Public Registry.

Panamanian law allows the use of Nominee Directors and Officers. Kraemer and Kraemer offers our law firms’ Corporate Nominees, which can be appointed as your Nominee Directors and / or Officers in your IBC. This has an additional cost of $300 PER YEAR , and allows you to use up to 3 Corporate Nominees, provided by our firm.

Using Corporate Nominees is a good option when you are concerned with personal privacy. However, please be advised that some Panamanian banks may not be willing to work with an IBC with Corporate Nominees.

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WHY SHOULD I USE NOMINEES ?

By law, opening a LLC Company requires naming at least 2 persons (individuals or entities) for Managers and 1 for Officers. Managers and Officers may or may not be the same persons. Together, Managers and Officers are responsible for the LLC management and administration before the law . The names of Managers and Officers are recorded in the Panama Public Registry.

Panamanian law allows the use of Nominee Managers and Officers. Kraemer and Kraemer offers our law firms’ Corporate Nominees, which can be appointed as your Nominee Managers and / or Officers in your LLC. This has an additional cost of $300 PER YEAR , and allows you to use up to 3 Corporate Nominees, provided by our firm.

Using Corporate Nominees is a good option when you are concerned with personal privacy. However, please be advised that some Panamanian banks may not be willing to work with a LLC registered with Corporate Nominees.

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WHY SHOULD I USE NOMINEES ?

By law, opening an Private Interest Foundation (PIF) requires naming at least 1 person (individuals or entities) as a Founder and 3 for Council Members. Founders and Council Members may or may not be the same persons. Together, Founders and Council Members are responsible for the PIF management and administration before the law . The names of Founders and Council Members are recorded in the Panama Public Registry.

Panamanian law allows the use of Nominee Founders and Council Members. Kraemer and Kraemer offers our law firms’ Corporate Nominees, which can be appointed as your Nominee Founders and / or Council Members in your PIF. This has an additional cost of $300 PER YEAR , and allows you to use up to 3 Corporate Nominees, provided by our firm.

Using Corporate Nominees is a good option when you are concerned with personal privacy. However, please be advised that some Panamanian banks may not be willing to work with a PIF registered with Corporate Nominees.

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FEES & COSTS

FRIENDLY NATIONS VISA

Cost for main applicant: $2,900.
($1,500 Legal + $1,400 Government)

Cost for dependent 12+ years old: $2,000.
($600 Legal + $1,400 Government)

Cost for dependent under 12 y/o: $1,100
($600 Legal + $500 Government)

The total costs for Friendly Nations Visa is broken down in 3 payments:

• Payment 1: Initial Retainer, for 50% of total Legal Fees and a portion of process expenses.
• Payment 2: On application submission, for Government Costs.
• Payment 3: On application completion, for 50% of total Legal Fees.

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FEES & COSTS

RETIREES & PENSIONER VISA

Cost for main applicant: $1,900.
($1,500 Legal + $400 Governments)

Cost for any dependent: $900
($600 Legal + $300 Government)

The total costs for Retirees & Pensioner Visa is broken down in 3 payments:

• Payment 1: Initial retainer, for 50% of total legal fees and a portion of process expenses.
• Payment 2: On application submission, for remaining government costs.
• Payment 3: On application completion, for 50% of total legal fees.

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FEES & COSTS

PANAMANIAN CITIZENSHIP

Cost per applicant: $5,800
($5,000 legal + $800 government)

The total cost of the Panamanian Citizenship is broken down into 3 payments:

• Payment 1: Initial Retainer
• Payment 2: On application submission
• Payment 3: On application completion

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FEES & COSTS

Real Estate Transactions

Real Estate Transaction service includes:

• Due diligence to verify the documents ownership and possible liens or risks
• Execution of Purchase agreement and Closing to secure the transfer

This service is applicable only to SIMPLE TRANSACTIONS, defined as transactions our office can start and complete within a 3 months time frame. SIMPLE TRANSACTIONS DO NOT INVOLVE: installment payments, mortgage, probate, translations of documents, representation in negotiations or any other additional required task.

The purchase amount covers LEGAL FEES ONLY. These are split in a 50% initial payment, and a 50% upon completion.

Real Estate transactions carry OTHER COSTS NOT INCLUDED IN LEGAL FEES. These costs depend on different factors. For example, the Public Registry charges 0.03% of the declared sale value.

We will be glad to provide you a list of factors to help you calculate other costs. Send us a note to info@KraemerLaw.com

If you would like to proceed with just the due diligence and contract review, our fee is USD $500 with a time frame of 1 week.

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FEES & COSTS

Real Estate Transactions

Real Estate Transaction service includes:

• Due diligence to verify the documents ownership and possible liens or risks
• Execution of Purchase agreement and Closing to secure the transfer

This service is applicable only to SIMPLE TRANSACTIONS, defined as transactions our office can start and complete within a 3 months time frame. SIMPLE TRANSACTIONS DO NOT INVOLVE: installment payments, mortgage, probate, translations of documents, representation in negotiations or any other additional required task.

The purchase amount covers LEGAL FEES ONLY. These are split in a 50% initial payment, and a 50% upon completion.

Real Estate transactions carry OTHER COSTS NOT INCLUDED IN LEGAL FEES. These costs depend on different factors. For example, the Public Registry charges 0.03% of the declared sale value.

We will be glad to provide you a list of factors to help you calculate other costs. Send us a note to info@KraemerLaw.com

If you would like to proceed with just the due diligence and contract review, our fee is USD $500 with a time frame of 1 week.

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FEES & COSTS

Real Estate Transactions

Real Estate Transaction service includes:

• Due diligence to verify the documents ownership and possible liens or risks
• Execution of Purchase agreement and Closing to secure the transfer

This service is applicable only to SIMPLE TRANSACTIONS, defined as transactions our office can start and complete within a 3 months time frame. SIMPLE TRANSACTIONS DO NOT INVOLVE: installment payments, mortgage, probate, translations of documents, representation in negotiations or any other additional required task.

The purchase amount covers LEGAL FEES ONLY. These are split in a 50% initial payment, and a 50% upon completion.

Real Estate transactions carry OTHER COSTS NOT INCLUDED IN LEGAL FEES. These costs depend on different factors. For example, the Public Registry charges 0.03% of the declared sale value.

We will be glad to provide you a list of factors to help you calculate other costs. Send us a note to info@KraemerLaw.com

If you would like to proceed with just the due diligence and contract review, our fee is USD $500 with a time frame of 1 week.

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FEES & COSTS

VISTO BUENO

Add this service if your background check has previous records and you intend to start an immigration process in Panama. Please note that the cost includes 10 pages of translation of the police report. Each additional page will incur an extra fee

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FEES & COSTS

BANK REFERRAL AND ASSISTANCE

Kraemer & Kraemer can pre-approve your account 2 weeks prior to scheduled arrival and includes one of our associates accompanying the client to the bank to officially open the account.

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FEES & COSTS

ESCROW FOR BANK OPENING

Add this service if you need assistance holding funds from abroad before you open your personal bank account in Panama. The cost of this service is the greater of $300 or 0.5% of the escrow amount every 2 months.

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FEES & COSTS

ESCROW FOR REAL ESTATE

Add this service if you need assistance holding funds from abroad to complete a Real Estate transaction in Panama through our firm.The cost of this service is the greater of $300 or 0.5% of the escrow amount every 2 months. Balances above $300 will be settled before funds are released.

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FEES & COSTS

CONSULTATION

Includes a 1-hour meeting, either in-person or phone call, with one of Kraemer & Kraemer´s attorneys.

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FEES & COSTS

WORK PERMIT

All permanent residents in Panama can request a work permit. Contact our team for more information.

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FEES & COSTS

RUC

Assistance in obtaining a personal Tax ID number in Panama.

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FEES & COSTS

CEDULA ASSITENCE

Assistance in applying for the cedula as well as picking up the cedula 2 weeks later once it is ready. Kraemer & Kraemer will either keep it in our offices until the applicant can pick it up, or we can also mail it to the applicant (courier fees apply).

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WHY SHOULD I USE NOMINEES ?

Opening an International Offshore Corporation will require naming Directors and Officers according to the laws of your selected jurisdiction. Together, Directors and Officers are responsible for the management and administration of your Corporation before the law, and their names may or may not be recorded in the local Public Registry.

However, this jurisdiction allows the use of Nominees. In that case, Kraemer and Kraemer offers our law firms’ Corporate Nominees, which can be appointed as your Nominee Directors and/or Officers in your Corporation. This has an additional yearly cost depending on your jurisdiction of choice.

Using Nominees is a good option when you are concerned with personal privacy. However, please be advised that some banks may not be willing to work with a Corporation using Corporate Nominees.

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What is included?

Trademark Administrative Changes

Add this service if you want to make changes to the general holder, such as passport, address, corrections, and similar.

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What is included?

Trademark Search

This is a formal inquiry to the Intellectual Property Office to confirm that the trademark and/or design is not registered.

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What is included?

Trademark Registration

Includes certificate of registration of the trademark. Registration certificates are ready when the trademark is registered, 10-12 months after filing the application for registration.

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FEES & COSTS

Trademark Registration

Cost of registering first class: $350
($209 Legal + $141 Government)

Cost of registering additional class: $175
($63 Legal + $112 Government)

Cost of Registered Agent: $175

Cost of Courier: $100

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Courier Fee

Trademark Courier Service

This service is optional in case the registration certificate has to be sent to the client once it is available.

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Registered Agent

Trademark Registered Agent Service

With this option we are able to register your trademark without a power of attorney in our hands. However, you must provide this power of attorney within 2 months after purchase.

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What is included?

Trademark Renewal

Add this service to renew, for a period of 10 years, the trademark that is about to expire (within the next 6 months) or expired within less than 6 months. In case it is already expired it incurs an additional late fee.

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FEES & COSTS

Trademark Renewal

Cost of renewing first class: $175
($41 Legal + $134 Government)

Cost of late fee per class/month: $20

Cost of Courier: $100