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 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 – three 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 with it Franchise Tax
• Notary fee
• Lawyer fee
• Translation fees

We will need to see copies of the share certificate showing who owns the Panama company and require a copy of the company Directors register and the members register with any corporate documents that you may possess.

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.