Bank Accounts in Panama
In theory, if you have an Immigration Card, that is, a defined Immigration Status, you should not have any problem.
Now, if you are not a Panamanian Resident and you also need to open a bank account, the story is a bit complicated.
But you can always go around, of course, within a legal framework.
Some banking entities give the opportunity to businessmen or entrepreneurs, who justify the legality and transparency of their business, that is, after having submitted all the documents required by the banks, they must take for granted in a clear and concise manner, the origin of the funds of your business, since banks take great care in these aspects.
Bank requirements to open an account in Panama (depending on the entity they may require others):
- Original valid passportOriginal of 2 bank reference letters (which will be confirmed by the bank)
- Copy of a 2nd. ID
- Evidence of income.
If you want to open a Bank Account in Panama, in ba-lawfirm.com, we have Panamanian lawyers, you can contact us at the email consultas@ba-lawfirm.com.
