One thing is very certain. If the intent is to manage the new enterprise remotely from North America or Europe and you are not a native of the country that you plan to open in, finding a reputable, reasonably priced broker that will jump through the regulatory hoops for you is typically going to be a better option than going to Latin America and doing it yourself.
The Hard Road Can Be Smoother:
One American firm recently went down to Argentina to open a corporation. Because of the language barrier and the business environment for their executives, they ended up starting the business on the first trip, and trying to get registered with various government agencies on the second and third trip in order to be allowed to do specific types of business. The overall cost to the firm ran into the 10’s of thousands of dollars.
If they had availed themselves of the services of companies like Create Offshore Company, they could have actually created a business in Panama for roughly the price that their plane tickets and hotel cost.
Opening in Panama:
One of the nice things about Panama is that they have been international for many years and English is spoken in many places. Because Americans were there administering the Canal Zone until the end of the 20th century, a lot of the financial institutions and legal systems are world-class and are used to doing business globally.
In addition, opening a company in Panama gives you greater access to a number of markets in Latin America and South America.
Why Use Create Offshore Company?
To start with, they are focused on creating businesses for their clients on many levels. So whether you need a small firm or an enterprise-level operation, they know the ins and outs of the system and can scale with your firm immediately- or over time.
They also offer a great set of features in their business creation packages. Their intermediate package, for example, adds a bank account to corporation creation and includes provisioning a virtual PBX with a Panama-based telephone number so that voice mail will be converted to e-mail and sent to you as calls arrive.
Each corporation that is setup for you contains a nominee board of directors that work on your behalf as a normal board of directors would to approve any corporate level changes. If there is a further need to expand, Create Offshore Company can liaison and sync any structural changes that need to be made both within your company and through the government on your behalf.
Finally, as a Panama-based team of lawyers, accountants, and technical workers, Create Company Offshore can help you by vetting creation and structural requests that you make and providing feedback that will make your operations run more smoothly.