López Morales & Chiari | Abogados > Services > Offshore Legal Services > Opening an Offshore Bank Account in Panama

Opening an Offshore Bank Account in Panama

There are approximately 70 international banks in Panama that can provide you safe options for handling your transactions. In López, Morales y Chiari we offer the service of introduction to Opening an Offshore Bank Account in Panama from $750 to our customers through major banks in the country, with whom we have excellent working relationships.

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The process for opening an offshore bank account in Panama may take several weeks. However, rest assured that once the account aperture, operations and relationships with the bank become smooth and without major drawbacks.

At López, Morales y Chiari we support you in opening a bank account as follows:

  1. Analysis of your needs and interests.
  2. Search and recommendation of banks that meet your needs.
  3. Prior review of documents to ensure compliance with the requirements established by the bank.
  4. Filling and submission of bank’s application forms.
  5. Assistance during the interview process with the bank.
  6. Follow up throughout the process of opening the account.
  7. After approval, sending you the checks, access codes to online banking, etc.
  8. Care of any concern or matter that should arise during the opening process.
  9. We represent you in the communications that may be necessary with the Bank.

Advantages of opening an offshore bank account in Panama

Panama has more than 40 years with a major international banking center, making the process of opening a bank account in Panama a fundamental tool for managing movements and transactions.

Although you don´t need an attorney to perform the procedure, in López, Morales y Chiari we help you choose the bank that best suits your needs and assist you as intermediaries during the opening process.

Open a bank account in Panama offers the following advantages:

  1. Gain tax savings produced abroad.
  2. Easy access to your movement through Internet banking.
  3. Confidentiality and privacy secured.
  4. International stability and legal certainty.
  5. You can manage your account from anywhere in the world.
  6. Strength of the banking system of Panama, with proven ability to withstand major international crises.

Development of Banking in Panama

Panama’s banking system is considered one of the most stable in the world, and is one of the most important in Latin America. Panama is one of the few countries that have remained stable since the start of the global economic crisis, with positive numbers and growth rates.

There are several features that have contributed to the development of the banking sector in the country, such as:

  • The protection and confidentiality that is offered to depositors.
  • Free circulation of U.S. dollar as legal tender.
  • The principle of territoriality in taxation.
  • The enactment of special banking laws that encourage their development.
  • The absence of exchange controls on entry and exit of capital.
  • Interest earned on bank deposits in Panama are tax free.
  • A professional, competent and highly self-regulated banking culture.

Our firm: Experts in Offshore Solutions in Panama

With over 23 years of experience in offshore solutions in Panama in consulting and opening bank accounts, we have a specialized team to meet your needs and solutions offshore bank accounts with an excellent cost-benefit ratio for you.

Our team is at your disposal to assist you in your needs. Contact us without compromise!