Panama Bank Account

The Panama Canal's activity is reason enough to make it a prime location for your international business. Everyone knows of the Panama Canal.
The Colon Free Trade Zone is the second largest business district of its kind, second only to Hong Kong's.
Panama's economy is based on the USD.
EU and the UK is not able to intimidate Panama into sacrificing privacy.
Outstanding reputation for security, financial privacy, respect for property rights and political stability.
Switzerland privacy for less.
Fiber optic cable and highway infrastructure were initially developed by the U.S.
80% of the Panama economy is service based.

We recommend this attorney in forming a Panama Bank Account:

LIC. ROBERTO I. GUARDIA R.

ORILLAC, CARLES & GUARDIA, Abogados-Attorneys at Law

Ave Samuel Lewis y Calle 58

P.H. Torre ADR Technologies, Piso 7, Office 7-A

Apartado 0816-04373

Panama 3, Republica de Panama

Office: 507.263.3917

Cell: 507.612.5429

Fax: 507.263.3924

ADVERTISE HERE

LIC. ROBERTO I. GUARDIA R. ORILLAC, CARLES & GUARDIA, Abogados-Attorneys at Law, Ave Samuel Lewis y Calle 58 P.H. Torre ADR Technologies, Piso 7, Office 7-A, Apartado 0816-04373

Panama 3, Republica de Panama

Office: 507.263.3917

Cell: 507.612.5429

Fax: 507.263.3924

FREEDOM@PANAMAG.COM

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)