OPENING OFFSHORE BANK ACCOUNTS IN PANAMA

Panama is known for its Offshore Service Center, excelling the International Banking Center, which allows the opening of a Foreign or Local Bank Account, in an expedite and safe manner, a tool that is indispensable to carry out financial operations in an offshore fiscal planning structure or of asset protection, together with corporations or offshore companies, private interest foundations and trusts.

The Panama Law Firm CORBETTI PEZZOTTI & QUIJANO can assist you in the process of opening offshore bank accounts in banking institutions of well know prestige, offering the service of preparing all the necessary documentation, as it is the case of the opening bank account application forms, in the drafting or obtainment of the legal documents required, legalization of minutes of corporations or offshore companies which we manage, and guiding you during the process.

All these negotiations can be carried out from abroad.

As a rule, Banks will require information and references as to the commercial and banking records of the interested party, and some times, an interview or personal meeting with the future Executive of your banking account in Panama, can also be necessary. Once the Bank has approved the application, deposits and withdrawal of funds, money transfers or investment orders, checkbook receipt, credit cards, etc. can be carried out. At this point, our advisory service will be completed, not having any relationship whatsoever with the movement of the account or with the transactions carried out in same, for discretion and confidentiality reasons.

REQUIREMENTS TO OPEN AN OFFSHORE BANK ACCOUNT IN PANAMA

Our Law firm works with the most prestigious Banking Institutions (HSBC, BBVA, Banistmo, Banvivienda, etc.) of the country, which require from those clients interested in opening accounts, under the protection offered by the banking secrecy, that the following requirements be complied with:

1-One (1) banking or commercial letter duly authenticated, from the director, shareholder, legal

representative, or legally empowered by the Corporation, and of those individuals with the right to sign in the account.

2- Duly authenticated copy of two (2) identity documents (passport and another additional) of the

directors, shareholders, legal representatives or legally empowered by the Corporation, and of the individuals with the right to sign in the account.

3- In some cases a signature will be required to for the opening application of banking accounts

4- Information as to the origin and use of the funds

5- Signing of additional forms required by the Bank (banking contracts, authorizations, etc.)

6- Special power of attorney, in the event we are authorized to open the account.

FORMS FOR THE OPENING OF BANKING ACCOUNTS IN PANAMA

For opening a bank account in Panama, our legal fees for this service are USD 750.00

Form 1: BANKING ACCOUNT FORM FOR NATURAL PERSON TITLEHOLDER OF THE ACCOUNT (COMPLETE NAME) REGISTRY INFORMATION PLACE OF REGISTRY DOMICILE (COUNTRY) CiTY POSTAL CODE STREET BUILDING OR HOUSE (NUMBER) TelEPHONE 1, EXAMPLE: (507)1234567 TelePHONE 2, EXAMPLE: (507)1234567 (opTional) Fax, EXAMPLE: (507)1234567 *E-Mail (pLEASE WRITE IT CORRECTLY)	Form 2: BANKING ACCOUNT FORM FOR LEGAL ENTITY NATURAL PERSON (NAMES) LAST NAMES PASSPORT No NATIONALITY (COUNTRY) DOMICILE (COUNTRY) CITY POSTAL CODE STREET BUILDING OR HOUSE (NUMBER) TelEPHONE 1, EXAMPLE: (507)1234567 TelePHONE 2, EXAMPLE: (507)1234567 (opTional) Fax, EXAMPLE: (507)1234567 E-Mail (pLEASE WRITE IT CORRECTLY)

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OPENING OFFSHORE BANK ACCOUNTS IN PANAMA

FORMS FOR THE OPENING OF BANKING ACCOUNTS IN PANAMA

Form 2:BANKING ACCOUNT FORM FOR LEGAL ENTITY

Form 2:
BANKING ACCOUNT FORM FOR LEGAL ENTITY