Panama Company Restoration / Reactivation
We can assist you in the restoration process of your company with the Registro Público de Panamá.
To restore your Panama company, we obtain a statement from the Ministry of Economy and Finance which confirms the outstanding government fees.
| Panama Company Restoration fees | |
|---|---|
| Our fee to Restore Panama Company | £1200 |
| Panama Government fee to reactivate company – US$1,000 | US$1000 |
| Reactivation Fees (Ministry of Economy & Finance) – US$1,000 | £750 |
| Penalty for not designating a Resident Agent for more than 90 days – US$1,000 | |
| Government Fees & Penalties | |
| Registered Agent & Service Fees | |
| Couriers UK/Panama | £150 |
| Preparation and Registration Deed for Reactivation – US$600 | £750 |
| Minister of Economy and Finance statement fee for outstanding Government fees and penalties | £300 |
| Outstanding Government fees and penalties – to be confirmed | tba |
| Resolution to appoint Panama Registered Agent and filing fee S300 Appointment Fee -Res. Agent Lawyer (1) / Reg. Address – authorising the appointment of new registered agent. | £300 |
| Registered Office and Resident Agent fee per year struck off | £640 |
| Resolution to appoint Re Appointment Fee Nominee Directors (3 Directors) | £300 |
| Compliance fee – US$250 | |
| Document Apostille | |
| Annual Franchise Tax (“tasa única”) – US$300 | |
| Cost to register changes US$360 | |
| Back-taxes (2 years × US$300) US$600 | |
| Penalty for 2+ years of non-payment US$300 | |
| Surcharges – DGI government surcharge US$150 | |
| Penalty – DGI government surcharge US$800 | |
| Penalty for late payment – US$ 150 | |
| Late-payment penalties: | |
| two consecutive years, an additional $300 penalty on top of the surcharge | |
| Certificate of Good Standing with Apostille | £640 |
| Registered Office and Resident Agent fee per year struck off | £640 |
| Legal fees including Notary – US$550 | £440 |
| Panama/Lawyer fee – US$520 | £420 |
| Due Diligence fee – per Director & Shareholder | £80 |
| Panama Company Search | £100 |
| 2% Transfer fee – for penalties, fees and charges to Panama – to cover exchange rate changes, bank charges and fees |
Our work will include the following –
We shall pay all outstanding annual fees and penalties to the government of Panama and request the reactivation of the foundation.
This includes legal actions to unfreeze the company.
Make all payments of accounts before Economic Finance Ministry.
• Prepare legal documentation and filing procedure to dismiss the legal actions from the government against the foundation.
• Filing and procedure to file the reactivation at the Public Registry.
• This process will take approximately 7-10 business days.
Then we will file the transfer of administration.
• Change Foundation Council and change Registered Agent for the Company.
• Annual maintenance of Registered Agent / AML Compliance / Accounting Records 2025, as we will be managing the company from this date.
• Provision 2 members/shareholders if required
Panama Company Struck Off
Once the Panama company is suspended, neither the company nor any directors or shareholders may carry on any business or in any way deal with the assets or the affairs of the company.
In order for a suspended or dissolved company to be reactivated or restored by the Panamanian Registrar, we must submit a reactivation request, and the following fees must be paid:
- Late payment fines
- Government restoration fee
- Overdue Government licence fees
- Payment of all previous agent fees
The registry normally takes two weeks to restore the company, once compliance has been satisfied and the outstanding fees 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 prepare a full 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.
- Annual tax, past due taxes, surcharges and fines
- Government restoration fee
- ITBMS Tax fees
- The Corporation must be up to date and the Franchise Tax
- Notary fee
- Lawyer fee
- Translation fees
Costs & Expenses on Company Restoration
- Obtaining a company search from the Registro Público de Panamá
- 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 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
Transferring Registered Agent
The Registered Agent of a Panama Company can be changed without the consent of the current Registered Agent.
Company Directors and Shareholders
When a Panama company is restored, the previous Directors, Company Secretary, Shareholders and Registered Office are automatically assumed to have continued.