Thread: How costly is Morgan&Morgan?

Hello!


How much I need to spend (average) to incorporate a Private Foundation using Morgan&Morgan?

So, I found in suspicious sites that service from US$1500,00; others places people say around U$2000,00/4000,00.
Everyone advise about issues with attorneys in Panamá, and say that Morgan&Morgan is the “best”, but it's costly.
Can somebody tell how costly is Morgan&Morgan, maybe tell using percentage?

And about Ballard&Ballard and Carlos Scevola, what you mean?

Thanks in advance!

If you got to ask then....

It would be a complete rip-off to pay more than $500 in attorney fees to have someone fill out a standard form and go to a notary a few times, DGI and registro publico.

Morgan&Morgan is the “best”,

It is an extremely low hurdle in Panama, extremely..

Here you can see how many times they (Morgan & Morgan) have misspelled the name of one of their nominee directors (and that's only the misspellings with a CORRECT last name so not counting those even):

http://ohuiginn.net/panama/personsearch?name=ESTRIBI

To name a few:

ADELIN MERCEDES CHAVARRIA DE ESTRIBI
ADELIN MERCEDSES CHAVARTRRIA DE ESTRIBI
ADADELINA MERCEDES CHAVARRIA DE ESTRIBI
ADELINA M. CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CHAVARRRIA DE ESTRIBI
ADELINA MERCEDES CHAVARRAI DE ESTRIBI
AELINA MERCEDES CHAVARRIA DE ESTRIBI
ADELINA MRERCEDES CHAVARRIA DE ESTRIBI
ADELIAN MERCEDES CHAVARRIA DE ESTRIBI
ADELNA MERCEDES CHAVARRIA DE ESTRIBI
ADELINA M.CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CHAVRRIA DE ESTRIBI
ADELINA MERCEDES CHAVARIA DE ESTRIBI
ADELINA CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CH. DE ESTRIBI
ADELINA MERCERDES CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CHAVARRAIA DE ESTRIBI
ADELLINA M. DE ESTRIBI
ADELINA M.CHAV ARRIA DE ESTRIBI
ADELINA MERCEDES CAHVARRIA DE ESTRIBI
ADELINA MERCEDES CHAVARRA DE ESTRIBI
ADELINA MECEDES CHAVARRIA DE ESTRIBI
ADELINA MERCEDS CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CAHAVARRIA DE ESTRIBI
ADELINA MERCEDDES CHAVARRIA DE ESTRIBI
ADELIMA MERCEDES CHAVARRIA DE ESTRIBI
ADELINA MARCEDES DE ESTRIBI
ADELINA MERCECES CHAVARRIA DE ESTRIBI
ADELINA MERCEDES CHAVARRIA ESTRIBI
ADELINA MAERCEDES CHAVARRIA DE ESTRIBI
SDELINA MERCEDES CHAVARRIA DE ESTRIBI

That summarizes the attention to detail in THE BEST lawfirm in Panama.

It also summarizes the absolutely BEST you can get with regards to anything in Panama.

Mirgan&Mergan are the best!!!!!!!!!

SDELINA MECEDES CHAVARTRRIA ESTIRBI is the best nominee director!!!

Ask Morgan & Morgan why they skip proof reading their documents when they charge so much. Maybe they want higher margins at the expense of quality work? How can you assume that the content is any good if they cannot spell the names of their own employees?

You are much better off using ANY attorney and controlling the process yourself as THE ENTIRE COUNTRY consists of people who are late stage Parkinson patients.

Double post.

Didn't Moron & Moron feature in a Wikileaks expose?

Thank you for all!


Well, is extremely hard to find a reliable attorney in Panamá.
Since than I only wan't to incorporate a Private Foundation, due to I wanna park my assets in Switzerland, I think the better way is to go a Swiss Attorney with contacts in Panamá (centralized scheme)... Also I'll take a look at others jurisdictions, like Bahamas, Jersey, (the expensive) Liechtenstein...
I think that I'll not have peace of mind with the Panamá.

Anyone knows Carlos Scevola? I already read some good reviews, but it's maybe spam or black hat.

Offshore Company Formation, International Tax Planning, Offshore Banking from CS&P

My apologies about my english, I'm a portuguese speaker.

Thanks a lot.

Originally Posted by The American Investor

If you got to ask then....

Totally pathetic as always American Idiot .. But it gives us some insight how you ended up with some $3500/m2 real estate and skyhigh fees on top

Ten posts and he is off to a different country. Love it when people do in-depth research. TOC was made for people like this...a few comments and he is off investing.

Originally Posted by bicar

Ten posts and he is off to a different country. Love it when people do in-depth research. TOC was made for people like this...a few comments and he is off investing.

and that is good , or we would just end up with a whinner on this forum and God knows we dont want any of those kind of people .

Originally Posted by janl

Totally pathetic as always American Idiot .. But it gives us some insight how you ended up with some $3500/m2 real estate and skyhigh fees on top

salt in a wound , salt in a wound .

Originally Posted by nakedguydb

salt in a wound , salt in a wound .

lol yeh maybe so, but that guy annoys me so much. Besides he is very smart and successful and got a team of top lawyers ready to take action so he will have his money back soon dont you think?

Originally Posted by bicar

Ten posts and he is off to a different country. Love it when people do in-depth research. TOC was made for people like this...a few comments and he is off investing.

I'm for several months doing this research, and the problem is always the attorneys in Panamá... So, since I can do near same in another jurisdictions, why should do I with idiots attorneys?

I'm working with international law/relations for several years and I don't have time or any pacience with stupid lawyers... and much less I'll pay to work for them.

Panamá has the best legal system for my scheme, I really prefer to park a foundation there... but now I prefer not go to a panamanian attorney directly. If I'll go to incorporate a foundation in Panamá (instead Bahamas etc.), since in any case my assets will stay in Switzerland, is better for me to use a swiss lawyer (with contacts in Panamá) because they need to take the responsibility with the panamanian attorney... and also, the foundation will need to incorpore a Hong Kong Corp. Using a well-established swiss office (or a office in London) is really more simple to manage in a centralized schema.

Thanks.

Keep in mind that you can never change the Founder of a foundation so you should list yourself to avoid a permanent dependency. Of course you can always create a new one.

Can you elaborate on why you need the Foundation to change the jurisdiction to Hong Kong. Have you read Marc Harris' book? It sounds like you are complicating matters - a Panama Foundation with banking in Liechtenstein/Switzerland works fine without having attorneys involved.

I assume you know that brokerage fees can be out of control with 3.4 % round-trip costs being commonplace in PB situations.

Keep in mind that you can never change the Founder of a foundation so you should list yourself to avoid a permanent dependency. Of course you can always create a new one.

I plan to do this.

Can you elaborate on why you need the Foundation to change the jurisdiction to Hong Kong. Have you read Marc Harris' book? It sounds like you are complicating matters

I don't read the book, but I'll take a look...

I'm going to work for a mining company (in some weeks) and I can in a near future change my status from employed to contracted firm (as a parasite hauhahu) and grow my "salary" (for services outside) because of the really high cost of employees (the enterprises pay some tax for Gov near 100% of salary of earch employed in Brazil), and when they pay out it's go to more&more expensive. Some jurisdictions, like Brazil (ultra regulated), really don't like Corps coming from tax haven, it's be complicated and expansive***.

So, my future employer will don't want to contract corps with tax haven stigma to place in it's business (in some countrys are ok, but others NOT). So, I don't want to take more than one Corp if I don't need this. Thus, I prefer to incorporate in Hong Kong that has a good system or UK (but in UK seems I need to maintain accounting; also exists very others jurisdictions possibilities. I need more research about this point).

Always nothing change inside Brazil for me, I'll probably ever stay like employed but has no trouble, since in Brazil you can incorporate a Church (really, really very easy, cheapest and fast - near U$150 - 8 peoples is needed - family?) and skip almost taxs (and some laws ) - You only need to maintain a detailed accounting. If you maintian that you no need to explain about money origin (only need to say: donations). Some months back the Polícia Federal take a "Pastor" with R$7.000.000,00 (near U$3.800.000,00) inside a luggage. The "Pastor" show the accountaccy and say: it's donations and go to home.

Another good point to Brazil is the Conta Poupança (no risk, fully safe - granted by State), pay near 10%/year of interest rates and free of tax.

Bad points... You cannot use foreing currencies inside Brazil (unless some exceptions - ultra regulated), for other that no Conta Poupança the banks are very expensives, but not like tax haven banks. They input obscures charges and you cannot do nothing... You can go to Tribunal, but the most time you'll lost time and money...
The Brazillian tax system is almost complicated and bizarre. You pay the same tax several times, the ICMS be in own calc base...........
The Brazillian panics when you talk about foreing currencies, offshores (it's cultural). Not only the Gov, also de citizens... Panic with the International - all is wrong.

So, I wanna place a Foundation to plan my future (and transfer the money from church for that - I don't want/trust my future with Brazil and the Real$ - corruption is the word of the day, every day), I need a no stigmatized tax haven Corp to do business and a really like (and trust) at the swiss financial professionals.
Thus, I really being/need to work a lot of. I cannot spend time going to a place to another to sove stupid things by mysefl.

In any case I still have some months to research more and more about.

***If I transfer money from Brazil to Portugal/France/Australia etc... I need to pay 15% of tax.
If the transfer go to Panamá, Bahamas, Malta etc. 25% of tax and a lot of papers.

I assume you know that brokerage fees can be out of control with 3.4 % round-trip costs being commonplace in PB situations.

Yes I know. But since the Corp. will be a parasite, I hope they can pay directly in Swistzeland (in dollars), indeed they have a business office there. Of course I need to know more about the Company busisness to plan better where the foundation will incorporate the Corp. At now I think Hong Kong is the better way to go.

Thanks!