SERVICES > BANK ACCOUNT
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Requirements for opening a Personal Account in Panama
The requirements for opening a Personal Bank Account vary depending on the bank selected.
The Advantages of a Personal Bank Account in Panama
Access to an international banking center with local and international institutions.
Use of the US dollar as legal tender.
Possibility to organize personal financial operations from a stable jurisdiction.
Document preparation adapted to the client’s profile and the requirements of each bank.
Process subject to KYC review, source of funds, declared activity, documentation provided and final approval by the banking institution.
Requirements for opening a Corporate Account in Panama
Both Panamanian and foreign companies can open corporate accounts. Learn about the specific requirements for each type of entity.
The Advantages of a Corporate Bank Account in Panama
Possibility to structure corporate banking operations linked to a Panamanian or foreign company.
Document coordination for companies with international activity.
Prior review of the corporate profile, beneficial owners, declared activity and source of funds.
Support during the preparation of the banking file.
The opening, conditions, timelines and approved banking operations will always depend on each banking institution.
Important Notice on Bank Accounts!
The opening of bank accounts is subject to KYC review, client profile analysis, source of funds, declared activity, documentation provided and final approval by the banking institution.
Panama Legal Lab assists with document preparation and process coordination, but does not guarantee the opening of bank accounts or replace the decision of banks or financial institutions.