title: Panama — Licence fees: What do the licences cost? | advennt.io canonical: https://advennt.io/jurisdictions/panama/fees/ [Jurisdictions](https://advennt.io/jurisdictions/) [Panama](https://advennt.io/jurisdictions/panama/) Licence fees Panama · Question 04 of 11 # Licence fees: What do the licences cost? Mixed · Probable · AI-generated · [Back to full Panama report →](https://advennt.io/jurisdictions/panama/) Key section parameters | Jurisdiction | Panama (PA) | |---|---| | Regulator | Recorded in register | | Favourability | Mixed | | Confidence | Probable | | Review status | AI-generated | | Last collected | 18 Oct 2026 | Summary answer Advisory sources report a one-time state fee of approximately USD 40,000 on licence approval (cited under Cabinet Decree No. 462), an annual renewal fee of approximately USD 20,000, and a non-refundable investigation fee of USD 5,000–10,000 at submission. Mandatory financial guarantees apply. These … ## Full section analysis Advisory sources report a one-time state fee of approximately USD 40,000 on licence approval (cited under Cabinet Decree No. 462), an annual renewal fee of approximately USD 20,000, and a non-refundable investigation fee of USD 5,000–10,000 at submission. Mandatory financial guarantees apply. These are moderate relative to major jurisdictions; exact figures rest on T2 advisory sources pending JCJ primary confirmation.