WE ASSIST CLIENTS TO OPEN BANK ACCOUNTS IN PANAMA REMOTELY
According to financial experts, Panama is the ideal country to do business and banking. For example, Panama has no reporting requirements on client’s offshore business when incorporated in Panama. In addition, there are extensive laws in Panama to protect corporate and individual financial privacy. Strict confidentiality laws and regulations apply to the documentation of offshore Corporations, Trusts and Foundations. Panama considered the financial hub of Latin America and is the ideal destination for investors to do business. Factors such as tax exemption, security, convenience and privacy, etc. makes Panama an ideal place to invest and do business.
WE HAVE BEEN ASSISTING OUR CLIENTS TO OPEN PERSONAL & BUSINESS BANK ACCOUNTS IN PANAMA
Get in touch with us if you need to have a bank account in Panama
EMAIL: customer@panamalegalcenter.com
WHATSAPP: +(507) 6404-0388
BENEFITS OF PANAMA BANK ACCOUNTS
Panama banking is ideal for individuals and companies who conduct international commerce for tax exemption, security and privacy reasons.
Panama’s corporate and tax structure makes it a pure tax haven jurisdiction since Panama imposes no capital gains on income when companies are engaged in business outside of Panama.
PANAMA BANK ACCOUNT REQUIREMENTS
A. PERSONAL BANK ACCOUNT REQUIREMENTS
To open a bank account in Panama, it is required that individuals present in Panama. Local bank officials conduct an interview with applicants to verify the information and approve the account opening. Below we list the required documents;
- Passport and other ID cards such as driver license
- Bank reference letter
- Source of funds
- Proof of income
- Proof of Panama residency
- Proof of address
B. COMMERCIAL BANK ACCOUNT REQUIREMENTS
- Panama Company Registration Certificate
- DGI tax ID number (RUC number)
- Aviso de Operacion
- Valid passport & ID
- Proforma projection
- Trade references
- Proof of address
CAN YOU OPEN A BANK ACCOUNT IN PANAMA?
YES. We can assist you to open a bank account in Panama
Generally speaking, banks in Panama are very cautious to open a bank account for foreign individuals and companies. In order to open a bank account, banks require that individuals reside & work in Panama. Individuals who wish to open a bank account need to establish residency or have a company operating in Panama. Notwithstanding the above, Panama Legal Center’s advisors can assist their clients to open a bank account in Panama. In addition, we can also assist qualified investors to open a bank account in Panama remotely.
IS PANAMA THE BEST COUNTRY TO HAVE BANK ACCOUNT?
We believe, Panama is the best country to do business and have a bank account. Panama considered to be the best TAX HAVEN JURISDICTION in the world since it provides many tax benefits to investors & businesses. Another advantage of Panama banking is its account secrecy and confidentiality. Panama bank accounts are discreet, and all the transactions remain confidential. So, if you are looking for a safe and secure place to do business, Panama is your ideal place.
NOTE: Other countries such as Cayman Islands, Belize, Singapore and Switzerland are no longer considered ideal countries to do offshore banking.
WHY PANAMA CONSIDERED THE BEST TAX HAVEN JURISDICTION?
The Republic of Panama is considered one of the most well-established tax havens in the world and its special corporate laws and secrecy regulate the country’s offshore jurisdiction and its financial services.
The banking structure in Panama; how it works
The Superintendency of Banks of Panama is the country’s banking authority. It was established in 1998, and its responsibilities include licensing banks, monitoring bank operations, and investigating complaints against banks. The Superintendency also works to promote financial stability and prevent money laundering. Most banks in Panama offer a wide range of services, including savings and checking accounts, loans, credit cards, debit cards and investments.
Panama Banking Privacy & Secrecy
Banking secrecy is an integral part of the banking system in Panama. It helps to protect the privacy of bank customers and their financial information.
Banking secrecy also allows banks to operate more efficiently by keeping confidential information out of the hands of competitors. Bank secrecy laws require banks to keep customer information confidential.
Panama purchases old US treasury bills for its paper currency as it does not print its own paper money.
EMAIL: customer@panamalegalcenter.com
WHATSAPP: +(507) 6404-0388