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They have become extremely suspicious. They do not trust anything or anyone, even when it is all clear, safe and secure. The result : impossible to open a banking account even also you present a solid business plan... Firstly ask your registered agent the process to follow and decide from there...

Just done now. Waiting for an answer...

Of course, this is fundmental.

The corporation is in good standing until the end of the year, any annual goverment fees has been paid. The corporation is in good standing 'til the end of the year. It is not difficult undestanding the reason why...

You are right. This is really an appropriate advice. The problem is that very often you could receive non-professional services from local lawyers. This is essentially the reason why I asked for more information here. A confirm.

It is always an interesting idea diversifying jurisdictions, even if the ratio between costs and benefits must be verified in advance.

Exactly, this is reasonable, without waiting for the natural death and strucking from the register of companies.

Actually I'm living in Panama. Never signed any sort of management with the registered agent, or other kind of contract. No banking account, no properities owned by the corporation. Never done any business.

Do you think this has not been done ? Do you think it's the first set up of the company I've done ? Do you know the reason why the business has never started ? The problem instead is the total incompetence of local people. If you ask 10 different people the same question , the answer will be in...

Hi All, I am the Director/President of a Panamanian Corporation, opened some months ago. The Corporation do not own any properties or has asset of any kind. The Corporation has never been used, for my business is totally useless here in Panama. The Corporation has never had any banking account...