Individual Limited Liability Company (EIRL) formation costs in Panama
Government filing from $360 · annual maintenance from $300
Last verified: June 13, 2026
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Cost summary
State Filing
$360
one-time
Mandatory Annual Fee
$300
per year
First-Year Total
$1,560
incl. required services
Annual Ongoing
$600
from year 2
Cost Breakdown
Detailed breakdown of formation and ongoing costs
| Item | Type | Amount |
|---|---|---|
| State filing fee (Registro Público) | One-time | $60 |
| First-year Annual Franchise Tax (Tasa Única) | Annual | $300 |
| Notary fees | One-time | $100 |
| Registered Agent fee | Annual | $300 |
| Legal and professional formation fees | One-time | $800 |
| First year total | $1,560 | |
| Annual ongoing | $600 | |
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Individual Limited Liability Company (EIRL) cost FAQ
How much does it cost to form a Individual Limited Liability Company (EIRL)?
The government filing fee starts at $360. Including required services, expect a first-year total of about $1,560.
What are the annual costs of a Individual Limited Liability Company (EIRL)?
The mandatory state/annual fee starts at $300. With recurring services like a registered agent, total ongoing costs are about $600 per year.
How long does Individual Limited Liability Company (EIRL) formation take?
Standard processing takes 3-5 business days. Expedited processing (1-2 business days for an extra $150) is available.
Is a registered address required in Panama?
Yes. Typical cost: $150-500/year. Virtual offices are allowed.
Is there a minimum capital requirement for a Individual Limited Liability Company (EIRL)?
No, there is no minimum capital requirement. No mandatory minimum paid-up capital, but a standard authorized capital of $10,000 is typically declared.
Can I form a Individual Limited Liability Company (EIRL) remotely?
Yes, no local director is required. Foreign directors are permitted. However, a local registered agent (Panamanian lawyer or law firm) is mandatory.
Related pages
Complete Individual Limited Liability Company (EIRL) formation guide
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