Cost Estimate Private Interest Foundation in Panama
Obtain a Personalized Cost Estimate for a Private Interest Foundation
WHY SHOULD I USE NOMINEES ?
Per Panamanian Law, opening a Private Interest Foundation (P.I.F.) requires naming at least 1 person (people or entities) as the founder and 3 Advisory Council Members.
The founders and the council members can be the same people.
Together the founders and council members are publicly responsible for the administration of the P.I.F., and the names of the founders and council members are registered in the Panama Public Registry.
The Panamanian law allows the use of Nominal Founders and Council Members.
Kraemer & Kraemer offers corporate nominees from our firm, which could be named your Nominal Founders and Council Members in your P.I.F. This has a yearly fee of $300 and allows the use of up to 3 corporate nominees our Law firm provides.
The utilization of Corporate Nominee service is a great option when it comes to personal privacy, however, you need to be advised that some Panamanian Banks may decline to work with a registered P.I.F. with Corporate Nominees.