Guatemala si a great place to setting up a corporation. The setup has different stages where you can open the bank. You can open the bank account before starting the setup of the corporation and you have 60 days to deliver the bank all the documents. You can open the bank account in the middle of the process of setting up and of course at the end. If you are going to sell things through Internet and are going to use a credit card processor here in the country then you will have to wait until the corporation is finished to start the process to︀ get the processor. If you do not want to come there is no problem you︁ can always use local shareholders. You will only need a POA to do business. Now,︂ the main problem is that all the documents are in Spanish, so I guess that︃ if you want to do business then all the documents need to be translated into︄ English. The whole process of setting up a corporation takes around 30 working days, plus︅ 30 more to get the credit card processor. The bank account as mentioned before is︆ not a big deal to get it. Please if you need further information then let︇ us know.
