Panama IBC Corporations

Annual Maintenance Costs

In each anniversary of the date of incorporation the company must pay US$ 300 for the Annual Franchise Tax to the Panama Government.

In addition, US$ 350 shall be paid to our law firm for Resident Agent fees. In case of Directors / Officers appointed by our firm, there would be an additional annual fee of US$100 for each appointed Director. Additional ITBMS (service tax) applies.

Total, annual renewal costs.

Total including nominee directors US$ 996.00
Total when appointing your own directors US$ 675.00

Payment alternatives.

The annual maintenance payments can be made via Bank Transference, Visa / MasterCard credit cards or by WU or similar companies. Contact us for further payment instructions.


 

We will send you a reminder before the due date.

Our firm will take care of paying the above taxes to the Panama Government. Usually a reminder note via email is sent a month or so before the due date in order for you to arrange the payments with enough previous time and maintain your corporation in good standing. The client can contact us at any time to know how their company is in terms of their annual renewals.