The Bank in Panama
In Panama banks require a minimum opening amount and this depends on the bank and the type of account. On average, the minimum opening amount for the accounts in US dollars is $ 1,000 and for the accounts in Euros a minimum opening amount of € 3,000.
Opening of Bank Accounts
With our service of opening bank accounts in Panama, you can save time by performing the necessary minimum procedures, we take care of the rest. A fast and reliable process through the following steps:
Steps to open a Bank Account in Panama
1. Choose a bank
The Panamanian financial system is diverse and each bank offers different savings and credit products and facilities. Banco Panamericana, Banco Azteca, Banistmo, Balboa Bank & Trust, Banesco, Banvivienda, Bank of China, Davivienda, Capital Bank, Banco General, Global Bank, Multibank, BICSA, St. Georges are among the traditional and solid banks in Panama. Bank, Tower Bank, Credicorp Bank, among others are among the traditional and solid banks in Panama.
2. Documents to be consigned
These documents may vary according to the bank of your choice. This is why it is important to have an advisory to avoid wasting time and the rejection of a request for not having the documents required by the bank to open your account.
REQUIREMENTS:
- Copy of passport.
- Copy of second identification with photo.
- Evidence of income (income statements of your Country or Labor Letter).
- Application, signature and contract cards signed by the client (bank provides these documents).
- Letter of attorney indicating that you are or will be carrying out residency procedures in Panama or Panama banking reference with 6 months.
REQUIREMENTS:
- Social Pact constituted in Panama.
- Evidence of income of the Final Beneficiary, shareholders if it is a new company (income statements of your country or employment letter), if it is a company already constituted (Income statements or Financial Statements of the company).
- Passport and second identification of each one of those that constitute the social pact (president, treasurer, secretary and dignitaries).
- General information of the president, treasurer and final beneficiary (form provided by the bank).
- Commercial reference of the company in case of being new and being constituted in another country could be presented in your country of origin.
- Application, contract and signature cards, (signed by the signatory or signatories of the account).
- Minutes of the company, authorizing the opening of the account signed by the president and secretary (document is provided by the bank).
- Affidavit indicating the final beneficiary of the Company signed by the president and secretary.
CONFIDENTIALITY
Within this process there is no intermediary, since we have the contact of the direct officers in charge of opening bank accounts in Panama in each branch of the bank of your choice, so we will always ensure the security of your confidential data.
The Superintendency of Banks of Panama has prepared a series of agreements related to technology issues that regulate banking activity. Bank accounts in Panama are safe, there have been no bank failures in Panama in the last 100 years. It is very difficult to obtain a banking license in Panama. So the banking standards are very high level and safe.
In Panama each bank offers an online banking service where you can make bank movements, payments, transfers, among others, regardless of where you are.
Security means that allows transactions to third parties from the virtual bank.
Activation of virtual savings account with which you can receive interest daily. Only applies to a natural person.
Open your bank accounts in Panama
It is a simple process if you have the right advice
LET US HELP YOU
