In Panama, as in other countries, it is possible to restore your company if it is no longer in Good Standing or if it has been struck off the companies register.
Any Panamanian company seeking restoration must be up-to-date with all annual government fee payments.
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.
The term 'inactive' simply means that the company is no longer in good standing, although it has not yet been struck off. While the directors of the company are not restricted from carrying on the business of the company during this time, they will be unable to warrant that the company is in good standing. In addition, no filings can be made with the Registry while the company is inactive.
Once the company has been struck off, neither the company nor any directors or shareholders may carry on any business or in any way deal with the assets or affairs of the company.
It is important to note that when a company is struck off the register, it does not affect the liability of any of its members, directors, officers or agents. Nor does it prevent the company from incurring liabilities, or any creditor from making a claim against the company.