The Offshore Panama Bank Accounts are the most secure for the protection of your funds. The Panama government has created excellent laws for make your assets more secure in the Panama banking system. If you need open a Panama corporate Bank account or offshore brokerage bank account, we can assist to you in the intro process and make more affordable this procedure because we have all the contacts and the best legal offshore bank assistance.

Contact us: attorney@offshorepanamacorporations.com

This are the requirements to open a panamanian bank account.

 

Bank Applications:

 

1. General Account Application.
2. General Conditions.
3. Savings account regulations.
4. Signature cards (for each signatory). Client must sign.
5. Client general information form. This form is where all of the corporate information is allocated including address, phone, fax, email, etc.
6. Certificate of corporate secretary (Act), whereby the corporation authorizes the opening of the bank account, and designates the controllers/signatories of the account. Director must sign, and client must sign.
7. Authorization form for receiving instructions via fax, telephone, or electronic mail.

 

Client Documentation:

1. Photocopy of the Articles of Incorporation of the corporation, including the stamps of the inscription at the Public Registry. Becerra & Becerra can provide this.

2. Photocopy of any corporate Act(s) that have been registered for the company, after the initial articles of incorporation (change of name, change of directors, etc.). Becerra & Becerra can provide this.

3. Photocopy (clear and legible) of the cedula(s) or passports (valid photo identifications) of the Secretary and President, and any third person that signs the account applications (as signatory, etc.).

4. Photocopy (clear and legible) of the cedula(s) or passports (valid photo identifications) of each signatory of the account.

5. Two (2) financial reference letters (originals) should be provided. If there are two signatories, then at least ONE financial reference letter should be provided for EACH signatory on the account. If there is only one signatory, then that signatory should provide TWO financial reference letters. The reference letters should be addressed to Banco Continental (or “Two Whom It May Concern”). Financial references may be from any known bank, brokerage firm, credit union, trust company, finance company, or insurance company. The letters should be on the financial institutions letterhead, and should include the signature of an official of the financial institution, along with their complete contact information including telephone, fax, address, and email (if available).

6. Two (2) commercial reference letters (originals) should be provided. If the company is a new company, then the commercial reference letters may be professional reference letters on behalf of the signatory. Professional reference letters may be from the signatories attorney, accountant, employer, or any company that the signatory has a commercial or professional relationship with. The reference letters should be addressed to Banco Continental (or “Two Whom It May Concern”). The letters should be on the company letterhead, and should include the signature of an official or representative of the company, along with their complete contact information including telephone, fax, address, and email (if available). If we have met with the client personally, our law firm (Becerra & Becerra) will provide a second reference letter for the client if a second commercial/professional reference letter cannot be obtained.

7. Profile of the business activities of the company should be provided. The profile should be a 1 to 2 page letter addressed to the Name of the Bank, explaining the following:

1. General business activities of the company (product/service, website, etc.),
2. Amount of USD that the account will be funded with initially.
3. Estimated balance that will be maintained in the account.
4. Estimated banking activities that will be transacted in the account (example: wire transfers in –avg. amount, wire transfers out-avg. amount, non-Panamanian check deposits- avg. amounts, cash deposits-avg. amounts, etc.).
5. Principal directors, or general managers/administrators of the company.
6. Shareholders of the company.

Non-Panamanian Ownership Accounts:

For corporate accounts that are owned by foreigners (non-Panamanians), the above documentation is required in addition to the following:

1. In the event that Articles of Incorporation are not available: Photocopy of the Memorandum of Incorporation and Articles of Association. (This would pertain to opening accounts for companies that are not incorporated in Panama).

2. In the event that Panamanian “Cedulas” are not available as identification: Provide photocopy of passport including the most recent stamps of entry into a country (if there are any) for each of the President, Secretary, and any signatories of account.

3. Original Certificate of Incumbency or Act (Power of Attorney) where it designates who the signatories of the account are, and who forms the Director positions of the company.

4. Original Certificate of Incorporation (not necessary for new corporations).

5. Original Certificate of Good Standing (not necessary for new corporations).

Contact us: attorney@offshorepanamacorporations.com