Expat Community > Panama

Shelbi
Joined 2016
Posts: 16

Corporation

9 years ago

Hi,
We are in the process of getting our friendly nations visa and looking for a house to buy., the house may take 6-9 months. Not sure exactly how long to find the right place. We are opening a corporation for the visa as we don't have a house yet( need house or corporation) for friendly nations visa. We also need three signatures for the corporation but the is only the two of us.
Our lawyer said he will outsource it. The outsourcing will provide signatures for the corporation, a third member, and resident agent. The resident agent costs 300 a year and the third member is 150 a year.
Is there anyway to get around this and save the 450?
I don't like to pay this as we will be closing the corporation by Oct-Dec when we do move to Panama and buy a house.

NDM Law Firm & Associates

NDM Law Firm & Associates is a reputable law firm with offices in Panama City, Boquete and Los Santos, Panama - and Madrid, Spain.
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NDM Law Firm & Associates

NDM Law Firm & Associates is a reputable law firm with offices in Panama City, Boquete and Los Santos, Panama - and Madrid, Spain.
Learn More