Offshore Foundations

“Foundations are a very important component in family asset protection”

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What are the costs?

Foundation Quotation

GTA Worldwide specialises in the establishment of Bahamian and Panamanian Foundations. The Bahamian Government introduced Foundation legislation in 2004 which makes it the leading offshore common law jurisdiction for the domicile of Foundations. The Republic of Panama introduced the Law. No.25 on Private Foundations in 1995 which was modelled on the Liechtenstein Siftung. The costs when compared to Liechtenstein and other jurisdictions are reasonable and provide a cost effective solution.

		BAHAMIAN FOUNDATION ESTABLISHMENT FEES	USD
		Establishment Fee - Matters relating to the formation of the Foundation	1350
		Disbursements - Courier charges and out-of-pocket expenses	135
		ANNUAL FEES
		Annual Fee - provision of a foundation council and officers this fee is the minimum annual fee for accepting an appointment and does not include administration work or time.	1800
		Annual compliance Fee - Attending to routine compliance matters (inclusive of periodic file reviews), reviewing correspondence Received (including bank statements) and other routine matters incidental to good corporate governance.	275
		Annual Licence Fees – Payable to the Government.	500
		INDICATIVE FIRST YEARS FEES	4060
		INDICATIVE SUBSEQUENT YEARS FEES	2710

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		PANAMANIAN FOUNDATION ESTABLISHMENT FEES	USD
		Establishment Fee - Matters relating to the formation of the Foundation	1000
		Disbursements - Courier charges and out-of-pocket expenses	135
		ANNUAL FEES
		Annual Fee - provision of a foundation council and officers this fee is the minimum annual fee for accepting an appointment and does not include administration work or time.	1800
		Annual compliance Fee - Attending to routine compliance matters (inclusive of periodic file reviews), reviewing correspondence received (including bank statements) and other routine matters incidental to good corporate governance.	275
		Annual Franchise Fee– Payable to the Government.	300
		INDICATIVE FIRST YEARS FEES	3510
		INDICATIVE SUBSEQUENT YEARS FEES	2510

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