Who we are
How it worksThe engagement, step by stepAbout UsThe firm and the team behind GVRN
Services
Fractional General CounselA senior counsel on your team, on retainerPre-TGE AdvisoryToken launch structuring & CEX readinessFundraising LegalSAFEs, SAFTs, token warrants, term sheets
SingaporeBritish Virgin Islands
AccountingWeb3-native bookkeeping, tax & reportingCorporate SecretaryEntity setup & administrative filingsCase study →
Incorporate
SingaporeCredible operating HQ, funds, IP holdingBritish Virgin IslandsToken issuers, holding companies, fundsCayman IslandsDAOs, protocols, treasury and governancePanamaFoundations, DAOs, offshore entitiesDelawareUS DevCos, VC fundraising, IPCosta RicaEarly-stage GameFi, fast and affordableIncorporation MCPFile a request from your AI agent
Products
GVRN PlatformRun your fundraise in one placeTerm Sheet GeneratorFree tool for founders
Academy
AcademyGuides, playbooks and case studiesAll GuidesThe full playbook libraryToken LaunchesLaunch prep, step by stepFundraisingRaise mechanics for foundersIncorporationEntity setup guidesClient reviewsIn our clients’ and partners’ own words

Panama IBC + Foundation

Beyond bare formation: registered-agent coverage, government filings, nominee roles, and combined IBC + foundation stacks for asset-holding. A Panama corporation needs at least three directors and a Panama foundation at least three council members, and their names appear on the Public Registry. That's why the privacy packages include three nominees per entity. Beneficial owners are still disclosed to the registered agent and recorded in Panama's private beneficial ownership registry.

Start with a preset
Panama IBC · Year 1Default
Best for: a straightforward Panama operating or holding company without privacy roles.
US$4,300Year 1
What's inside
Panama IBC incorporation + Year 1US$4,300
IBC annual agent and government filingsUS$2,500 / yr · Y2+
Formation administration & deliveryincluded
Year 2+ renewal: US$2,500 / yr
Panama Foundation · Year 1Foundation
Best for: asset-holding via a foundation without an operating IBC.
US$6,800Year 1
What's inside
Panama Foundation + Year 1US$6,800
Foundation annual maintenanceUS$2,500 / yr · Y2+
Year 2+ renewal: US$2,500 / yr
IBC + FoundationCombined · no nominees
Best for: asset-holding structure without privacy roles.
US$11,100Year 1
What's inside
Panama IBC incorporation + Year 1US$4,300
IBC annual agent and government filingsUS$2,500 / yr · Y2+
Panama Foundation + Year 1US$6,800
Foundation annual maintenanceUS$2,500 / yr · Y2+
Formation administration & deliveryincluded
Year 2+ renewal: US$5,000 / yr
IBC PrivacyRecommended privacy
Best for: director and shareholder nominee coverage on a Panama IBC.
US$12,300Year 1
What's inside
Panama IBC incorporation + Year 1US$4,300
IBC annual agent and government filingsUS$2,500 / yr · Y2+
IBC nominee director · 3 × US$2,000US$6,000 / yr
IBC nominee shareholder (UBO)US$2,000 / yr
Formation administration & deliveryincluded
Privacy-stack onboarding & administrationincluded
Year 2+ renewal: US$10,500 / yr
IBC + Foundation Privacy stackFlagship privacy
Best for: clients combining asset-holding and operational privacy, where both an IBC and a foundation are required.
US$23,100Year 1
What's inside
Panama IBC incorporation + Year 1US$4,300
IBC annual agent and government filingsUS$2,500 / yr · Y2+
Panama Foundation + Year 1US$6,800
Foundation annual maintenanceUS$2,500 / yr · Y2+
Foundation nominee director · 3 × US$2,000US$6,000 / yr
IBC nominee director · 3 × US$2,000US$6,000 / yr
Formation administration & deliveryincluded
Privacy-stack onboarding & administrationincluded
Year 2+ renewal: US$17,000 / yr
Not sure?Answer 7 quick questions — we’ll point you at the right setup, or tell you honestly that yours is a counsel conversation.
Build your package
Entities & maintenance
Panama IBC incorporation + Year 1Standard Panama IBC formation with first-year registered agent, government filings, and formation administration included.RequiredIncludes first-year registered agent, government filings, and formation administration.US$4,300one-time
IBC annual agent and government filingsFrom Year 2: the annual registered agent and government filings that keep the IBC in good standing.RequiredUS$2,500/ yr · from Year 2
Build Order
Panama IBC incorporation + Year 1US$4,300one-time
IBC annual agent and government filingsUS$2,500/ yr · from Year 2
Included
Formation administration & delivery
Order Total · Year 1USD 4,300
Final fees depend on onboarding, KYC, risk review, and final written scope.
How to choose
When to choose IBC Privacy
The client needs director and shareholder nominee coverage on a Panama IBC. Standard privacy posture without foundation involvement.
When to choose IBC + Foundation Privacy
The client needs both asset-holding (foundation) and privacy components (IBC nominees).
Why three nominee directors?
A Panama corporation needs at least three directors, and their names appear on the Public Registry. That's why the privacy packages include three nominee directors. The foundation council has the same three-member minimum, so the combined stack carries six nominees. Beneficial owners are still disclosed to the registered agent and recorded in Panama's private beneficial ownership registry.