WHY BANK IN PANAMA?

BANK STATEMENTS: WHERE DO THEY GO?

HOW TO SET UP A PANAMA BANK ACCOUNT

WHERE DO I BANK IN PANAMA?

BANK IN USD OR EUROS?

PANAMA VIRTUAL OFFICE

PANAMA ATTORNEY

PANAMA REAL ESTATE BROKER

LINKS:

Panama Virtual Office

Offshore Mail Forwarding

Panama Lawyer

Offshore Corporations

Wyoming, USA Corporations

Nevada, USA Corporations

Nevada Resident Agents

Nevada Virtual Office

Wyoming Virtual Office

Wyoming LLC

Wyoming Registered Agents

Nevada Virtual Office

US Nominee Officer

Domain Protection

Delaware LLC v. Wyoming LLC

Private Investigation

Alaska LLC Charging Order Protection

Contact Webmaster

OFFSHORE BANK STATEMENTS:  WHERE DO THEY GO?

Bank statements should be mailed to a virtual office address.  We obtained a group rate for a basic mail forwarding address. 

$150 per year.  Basic Plan.

• Bank statements and other correspondence not to exceed twenty pieces per year. 
• A street address is provided for mail forwarding.
• We scan bank statements into email (pdf).

$400 per year.  Basic Plus Plan.

• Mail is forwarded once per week.  Cost of postage or courier is separate.
• Street address
• General fax number.
• General phone number
• The receptionist answers the phone with a general greeting.
• This service is only for basic mail forwarding and validation.  We only forward 10 messages per year.

$750 per year.  Advanced Plan.

• Mail is forwarded as soon as it arrives.
• Street address
• General fax number.
• General phone number
• The receptionist answers the phone with a general greeting.
• Mail is scanned to your private email account before it's forwarded by snail mail.
• Live receptionist forwards messages, via email, throughout the year.

$1200 per year.  Panama Plan.

• Mail is forwarded as soon as it arrives.
• Street address
• Separate fax number.  Faxes are forwarded to your email account.
• Separate phone number.
• The receptionist answers the phone with your company name.
• Mail is scanned to your private email account before it's forwarded by snail mail.
• Live receptionist forwards messages, via email, throughout the year. 

• Incoming phone calls are connected to your cell phone, or land line, of choice, and a professional introduction is made.  When using this part of the service, you must assume the actual cost of the connected calls.

• Business license in the name of your corporation, or other operation.

• Privately controlled domain and pre-paid web-hosting.

Offshore Bank Account Tips:  Open separate offshore Panama accounts in Euros and in USD.

Bring at least two bank references and two trade references to open your offshore Panama bank account.

Be prepared to fully describe your business activities and where the funds originated.  Each reference must be addressed specifically to each bank.  A general letter will not do.

Each bank reference to open the Panama Bank Account cannot be more than 30 days old.

You'll need about $5000 USD to open the Panama bank account as the initial deposit.

Choose a Panama bank where it's difficult to open the account.  Banks that are known to be easy are more often scrutinized.

Hire a Panama lawyer to facilitate the opening of the offshore bank account.  He or she will help with the paperwork, the introduction to the offshore bank and the explanation as to why you're opening the Panama offshore bank account.

The bank interview is face-to-face.  Don't ask for a telephone interview.  If a telephone interview is granted, you'll be asked to show up at the offshore bank, in Panama, within thirty to sixty days.

The best reasons for an offshore bank account, in the eyes of the bank, is to buy real estate, start a business, or start a legitimate business project.

Be prepared to answer these questions:

Where is the business?  (Consider a mail forwarding service or a virtual office in Panama.)

Where is the money coming from?

What do you offer, sell, market, or distribute?

How many transactions and volume do you expect in the next six or twelve months?

Why Panama? (Shipping, internet access, infrastructure, availability of legal counsel, e-commerce, tourism)