Once a company is struck off the Panama Register of Companies we are able to assist and advise on the restoration process to put your company back on the companies register. Any Panamanian company seeking restoration must be up-to-date with all annual government fee payments.
A company can be struck off the register for a range of reason the most common is non-payment of annual license tax. Which is due on June 30th of every year for companies incorporated in the first semester of the calendar year and December 31st of every year for companies incorporated in the second semester.
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.
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.
In order for a struck off company to be restored by the Seychelles Registrar the following fees must be paid:
If you require a company to be restored we will need the name of the company and its date of incorporation in order to provide an accurate quotation of the restoration fees.