The Republic of Panama, located in Central America, is very popular because of its financial industry, tax benefits, and more, hence, it is a highly attractive jurisdiction to form an offshore company in, and to open an offshore bank account in. The official language is Spanish, and the local currency is the United States Dollar.
We offer our clients offshore bank account opening in Panama for companies and foreign individuals. Our offshore banking service includes, but is not limited to:
- Introduction to the Bank in Panama.
- Gathering all documents required.
- Notarization of documents.
- Filling out the bank account opening questionnaire and forms.
Bank Location
Minimum Initial Deposit
Bank Opening Fee
Type of Account
Accounts currency:
Cards:
Crypto Allowed:
Remote Opening:
Jurisdictions allowed
Panama
US$10,000
USD, EURO, GBP, CAD, and JPY
Debit and Credit Corporate cards.
Yes, the business bank account can be opened remotely, without the need to visit Panama; nonetheless, you are welcome to visit the branch in Panama.
Offshore Jurisdictions and foreign companies are allowed.
Bank Fees
Miscellaneous Information
Documents required to open an account
From the Shareholder/UBO
- Beneficiary's academic, business and professional background (provide us with
your resume).
- Origin of the beneficiary's funds.
- Country of birth and residence of the beneficiary.
- Notarized passport of each B.O. or shareholder.
- Service invoice not older than 3 months for each signatory, in order to verify the
address of their residence.
-Bank reference letter of each B.O. or shareholder.
From the Company:
- Articles of Incorporation.
- Copy of share certificates and/or share register.
- Certificate of Good Standing / Incumbency.
- Financial supporting document (e.g. audited financial statements, contracts with
customers / suppliers, personal or corporate tax returns).
- Business/commercial activity of the company in detail, including all services
provided.
- Country of business activity of the company.
- List of the company's main customers/suppliers and their countries of activity.
- Financial supporting documents (e.g. audited financial statements, contracts or
tax returns).
- Purpose of the account.
- Origin of funds received in the bank account (purpose of incoming and outgoing
transactions).