Bank Account Opening

Overview

Panama has one of the most solid and regulated banking systems in Latin America. More than 80 international banks operate in the country. Accessing that system as a foreigner requires meeting strict due diligence standards, complete documentation and a financial profile the bank can verify. Without the right file, the process ends before it begins.

Account types we manage

• Corporate checking accounts for local and offshore companies.
• Personal and business savings accounts.
• Accounts that accept cryptocurrencies.
• Accounts for private interest foundations.
• Accounts for special regimes and multinationals.

Since 2015, Panamanian banks tightened their due diligence policies as part of the country’s commitments to the FATF and international AML/CFT standards. Today an incomplete file, an inconsistent declaration of funds, or simply not knowing the process can result in immediate rejection — and a bank rejection leaves a record.

Who it’s for

For the foreign entrepreneur who incorporated their company in Panama and needs a corporate account to invoice and operate. For the international investor who wants access to the Panamanian financial system to move capital safely. For the non-resident who needs a personal account linked to their business activity. For anyone who already tried to open their account alone and got a “no” for an answer.

What’s included

• Analysis of the client’s profile to select the most suitable bank by activity, origin and transaction volume.
• Complete preparation of the due diligence file.
• Advisory on the declaration of source and destination of funds.
• Management of bank and commercial references.
• Direct coordination with the bank officer throughout the process.
• Follow-up until activation and first use of the account.
• Post-opening guidance to keep the account active and avoid freezes.