Description of Service | Costs | Details |
Legal Consulting Some process may be charge by hour or fraction including answer emails. Drafting of memos, letters, collections and other short documents | 250
250 | Per hour or fraction |
Real Estate | ||
Research of properties with the MEF or Land Registry (Catastro) or Public Records or Reforma Agraria or Major Offices | 450 | Minimum Legal Fee. Legal Fee and Expenses depends of the Province |
Research of legal person with the Public Records and MEF | 450 | |
Drafting of Promise to Purchase Agreement | 1% | Of the sale price |
Drafting of Buy-Sell Agreement
Preparation of minutes of declarations of improvements | 1%
450 450 | Of the sale price |
Calculation of transfer tax and capital gain tax | 150 | |
Review before the MEF of the calculation of transfer/capital gain tax and payment | 250 | |
Obtaining a certificate of good standing from water company, condo administration and from the tax authority | 50 | Each good standing |
Obtaining certificate of Property from the Public Register | 75 | Does not include expenses |
Notarization of deeds | 250 | Does not include expenses |
Registration of Deed in the Public Registry | 250 | Does not include expenses |
Updating records at Land Registry Authority (Catastro) | 150 | Does not include expenses |
Payment of Property Taxes | 75 | |
Obtaining taxpayer ID (NIT) (for individuals, corporations or properties) | 75 | |
Obtaining Tax Number (NT) for foreIgners or buildings | 350 | Does not include expenses |
Titling of property registered under ANATI | 15000 | Does not include expenses. Fee may vary depending of the province. |
Titling of property registered under Major Offices | 15000 | Does not include expenses. Fee is subject to change depending of the land location. |
Registry of Appraisals | 650 | Does not include expenses |
Revision of sale contract | Charge by hour or fraction | |
Immigration Processes | ||
Temporary Residences: | ||
Forestry Investor Visa | 2500 | Does not include expenses |
Self Economic Solvency Visa | 2500 | Does not include expenses |
Investor Visa | 2500 | Does not include expenses |
Permanent Residences | ||
Forestry Investor Visa | 2500 | Does not include expenses |
Self Economic Solvency Visa | 2500 | Does not include expenses |
Investor Visa | 2500 | Does not include expenses |
Extensions | 800 | Does not include expenses |
Pensioner Visa | 1250 | Does not include expenses |
Private Income Retiree Visa | 2500 | Does not include expenses |
For each dependent | 850 | Does not include expenses |
Multiple entry visa | 450 | Includes expenses |
Reconsideration or Appeals
Registration Application for immigration status Certificate of Resident Card Correction of Resolutions Withdrawal of applications Closing of proceedings Registration of Panamanians Born Abroad | 750
150 150 250 150 150 150 1500 | each |
Asset Protection – Estate Planning | ||
Corporation chárter | 1500 | Includes expenses |
Private Interest Foundation chárter | 1500 | Includes expenses |
Resident Agent and Compliance Fee | 500 | Annual |
Directors | 350 e/d | Annual |
Corporate Officers | 350 e/o | Annual |
Legal Representative | 350 | Annual |
Change of Director or Officers | 450 | Does not include expenses |
Change of Resident Agent | 450 | Does not include expenses |
Dissolution of Corporation | 1500 | Does not include expenses |
Change of the name of a Corporation or Foundation | 450 | |
Obtaining Public Record certification or legal person | 75 | Does not Include expenses |
Certified translation of documents (English) | 25/page | |
Director or Officers signatures in documents | 25/sig | |
Payment of yearly corporation tax (Tasa Única) | 50 | |
Draft of minutes of Board of Directors or shareholders | 450 | Does not include expenses |
Assistance opening a Panamanian Bank Account | 2500 | Does not include expenses |
Corporate Services | ||
Apostille documents | 50/page | Does not include expenses |
Notarize document | 25/page | Does not include expenses |
Scan documents and send it by email | 2/page | |
Cost of maintenance of an entity | ||
Franchise Tax – Corporations – First Year | 300 | |
Annual Franchise Tax – Corporations | 300 | |
Fine for late payment | 50 | |
Penalty for not payment in two periods | 300 | |
Franchise Tax- Private Interest Foundation – First Year | 350 | |
Annual Franchise Tax – Private Interest Foundation | 400 | |
Contracts - Power of Attorney - Other Forms | ||
Draft Labor Contract | Charge by hour or fraction | |
Draft Independent contractors´ Contract | Charge by hour or fraction | |
Draft of Loan Contract | Charge by hour or fraction | |
Draft of Foundation Rules (notarize) | Charge by hour or fraction | |
Draft of Workers Rules | Charge by hour or fraction | |
Special Power of Attorney | 450 | Does not include expenses |
General Power of Attorney | 450 | Does not include expenses |
Business Creation | ||
Obtaining a General Commercial License
Modification of Commercial License | 450
250 | |
Intellectual Property | ||
Trademark Registration | 600 | Does not included expenses |
Products Registration | 500 | Does not included expenses |
Sanitaries Right Matters
Sanitary registration (cosmetics, drugs, medical devices, food) Renewal of sanitary registration Modification on the product´s name Modification on the formula Modification on the manufacturer´s name Change on the name of the holder Licencia de Operaciones DGI Process Certificate of Tax ResidenceCivil Processes** Criminal Processes ** | 650
450 350 350 350 350 650 650 | |
Price changes according to the location of the property * According to the National Bar rate ** Price are calculated in dollars. Price can varies depending of the circumstance of each case. Bar Association Minimum Legal Fee |