Panama Company Restoration Fees

Company Restoration Process

In order for a struck off company to be restored by the Panama Registry the following fees must be paid:

  • Pay all of the annual government fees it would have paid as if it had remained active
  • Pay the government restoration fee to the Panama registry - US$ 300
  • Payment of all unpaid Registered Agent fees

When all the fees and penalties are paid, the Registrar shall restore the name of the company to the register and upon the restoration the company shall be deemed never to have been struck off.

In order to restore a Panama company, we will need to see the issued share certificate(s) of the company, and the shareholders will have to sign a minute (we would provide model). Once full payment is made and full due diligence provided, the company can be reinstated within 14 working days, which includes time to pay outstanding taxes.

Indication of Filing Fees and Penalties

In order to prepare a quotation we would need to first obtain a statement from the Panama Tax Authorities to confirm the total amount due in respect of annual tax payments. This due to the fact the company would need to be in Good Standing with these payments in order to be reactivated.

annual tax, past due taxes, surcharges and fines.

US$550 for restoration

US$200 Resident Agent,

and US$52 ITBMS Tax.

The corporation must be up day at Economic and Finance in the Franchise Tax are US$ 300 plus US$ 50 per year.

Government re-instatement Fee- US$ 300

US$ 105 Notary Fee

US100 Lawer Fee

US$ 45 Translation Fee

US$ 50 Public Register Fee

US$ 95 Courier Fee

Legal Costs & Expenses on Company Restoration

  • obtain a company search
  • obtaining and perusing relevant filings and various related documents
  • drafting and completing the documents necessary for the application
  • drafting the restoration order
  • serving documents and communicating with on the Registrar of Companies
  • advertisement if required
  • filing the application with the Court if necessary
  • attending court hearing

Disbursements or Expenses:

  • outstanding filing fees on annual returns
  • penalty for late filings and other penalties
  • court filing fees
  • filing fees to the Companies Registry on the restoration application

Company Directors and Shareholders

When a Panamanian company is restored, the previous Directors, Company Secretary, Shareholders and Registered Office are automatically assumed to have continued.

Transferring Registered Agent

A Panamanian company can only be restored by the registered agent on record or the agent can be transferred, which we can organise.

Changes of registered agent can only be filed by the current registered agent or lawyer resident in Panama. Once the resolution is signed we contact the current registered agent to perform the filing

Company Restoration Form
Submitting this form does not commit you, we will let you have the fee and time-scale shortly.

 

Panama Company Restoration Fees
  • Government restoration fee - US$300
  • Late payment fine - US$150