Panama is known as a center for offshore services and also stands out as an international banking center, both of which facilitate the process of opening a bank account.  Whether it be local or international, bank accounts in Panama are flexible and secure and are indispensable tools for fiscal planning and asset protection in conjunction with Offshore Corporations or Companies, Private Interest Foundations, and Trusts.

The Panamanian law firm Pinzón & Associates, can facilitate in the opening of an offshore bank account with prestigious banking institutions here.  Our services include: document preparation, obtaining and drafting the necessary legal documents, the formation of an offshore corporation or company,  administration of the corporation or company, and our guidance during the entire process.  We have professional relationships with Continental Bank, Banistmo, and Banvivienda Bank, among others.  It is not necessary to be present in Panama to open a bank account.

Panamanian banks respect the confidentiality of banking transactions.  All banks are guided and bound by the strict confidentiallity regulations of the Panamanian Banking Authorities (Superintendencia Bancaria).

Requirements to Open a Bank Account
1. Two (2) banking reference letters and One (1) Professional reference letter
2. An interview or personal meeting, under the banking policy of “know your clients”
3. Once the application has been approved by the bank it will be possible to make deposits and withdrawals, fund transfers, receive your checkbook, credit cards, and receive service on-line.  There, our task is finished and the firm will have no connection to the movement and transactions related to your account for reasons of discretion and confidentiality.