WE CAN OPEN A BANK ACCOUNT FOR YOU IN PANAMA
Panama considered financial hub of Latin America. With more than 100s of banks from all over the world, Panama is a business destination for international companies and businessmen. Due to its TAX FREE structure law, if you are headquartered in Panama but doing business with international clients, there is no tax liabilities whatsoever. That means, whatever you earn, you keep. So having business as well as bank account in Panama means you save tons of money on income tax. It’s a no brainer to do business in Panama.!
NO INCOME TAX
OPEN AN OFFSHORE BANK ACCOUNT TODAY!
BENEFITS OF PANAMA OFFSHORE BANKING
- ASSET PROTECTION
- CONFIDENTIALITY AND BANKING SECRECY
- TAX HAVEN
- US DOLLAR CURRENCY
- FLEXIBLE CORPORATE LAW
- STABLE BANKING SYSTEM
The banking Structure in Panama
The Superintendency of Banks of Panama is the country’s banking regulator. It was established in 1998, and its responsibilities include licensing banks, monitoring bank operations, and investigating complaints against banks. The Superintendency also works to promote financial stability and prevent money laundering.
To carry out its mission, the Superintendency has several powers, including the power to inspect banks and impose sanctions on banks that violate laws or regulations.
Most banks in Panama offer a wide range of services, including savings and checking accounts, loans, credit cards, debit cards, investments, and much more.
ATMs are widely available throughout the country, or you can go into a bank branch to make withdrawals or deposits. In addition, use of online banking to transfer money or pay bills are very common in Panama.
Can I Open A Bank Account In Panama?
In order to open a bank account in Panama, you need to be qualified. One of the qualification factors is Panama residency and having a stable job & income. Another words international clients who wish to open a bank account must prove Panama residency and affiliation with Panama. We have assisted many international clients to open a bank account as an individual or as a company in the past 15 years. Panama banking requirements are very strict and we help you to achieve your goals.
Panama Banking Privacy, secrecy and confidentiality
Banking secrecy is an integral part of the banking system in Panama. It helps to protect the privacy of bank customers and their financial information.
Banking secrecy also allows banks to operate more efficiently by keeping confidential information out of the hands of competitors. These banking secrecy laws require banks to keep customer information confidential and impose strict penalties for disclosure.
Panama U.S. Dollar Currency
The official Panama currency is Balboa. The Balboa has been the currency of Panama since 1903, when Panama separated from Colombia. Panama currency is named after Spanish explorer Vasco Núñez de Balboa. The Balboa is pegged to the United States dollar and one Balboa is equal to one US dollar.
Panama purchases old US treasury bills for its paper currency, as it does not print its own paper money.
Safety & Security of Panama Banks
Banks in Panama are considered safe & secure. Panama banking system is designed to be very conservative and In fact, Panama has a long history of being a safe place for deposits.
PANAMA MOST POPULAR LOCAL BANKS
- BANCO GENERAL
- BAC
- BANISTMO
- BANESCO
- CAJA DE AHORRO
- BANCO PANAMA
- CAPITAL BANK
