Once a company is struck off the Panama Register of Companies we are able to assist and advise on the restoration process to get your company back on the companies register. Any Panamanian company seeking restoration must be up-to-date with all annual government fee payments.
1. You or your client possess the original share certificate proving that he own / represent 100% of the company shares.
2. Please inform us who are the company Directors / Officers (if they are yourselves or if they are nominee shareholders appointed by the current Panama Resident Agent).
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.
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.
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.
In order for a struck off company to be restored by the Panamanian Registrar the following fees must be paid:
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.