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BANKING

The Panama Banking Center, renowned for its stability, sophistication and its confidentiality laws, has attracted over the years the most prestigious international banks. It is the most robust financial center of the region, and its operations are monitored closely by The Superintendency of Banks, an independent institution that guarantees the highest standards for the industry.
Our firm has established strong relationships with leading banks in order to facilitate the account opening process for our clients, with an emphasis in efficiency and reduced time frames. We can also offer our assistance for opening merchant accounts required for e-commerce and online business ventures.

Companies can hold corporate bank accounts, such as:

  • Current accounts that operate with checkbooks or bank cashier checks
  • Savings account
  • Time deposits

Similar options are available for individuals without restriction of nationality:

  • Current account
  • Savings account
  • Time deposits

BENEFITS AND ADVANTAGES

  • The US dollar is the legal currency.
  • Panama has strict banking confidentiality laws.
  • No income tax applicable on bank account interest.
  • It is possible to open bank accounts in multiple currencies.
  • Most banks offer secure internet banking.