Open a bank account in Panama
This article about opening a bank account in Panama is part of our series of post about Bank Accounts in Panama.
If you are thinking in opening a bank account in Panama we invite you to review the complete series of post since you will find a lot of useful information, you can start in our Bank Account in Panama.
Or you can follow the next links.
Bank Account in Panama
Requirements
Account Types
How to Open a Corporate Bank Account
How to Open a Personal Bank Account
If you are not familiar with the banks in Panama, they are some of the safest and most stable in the region and even around the world.
Its stability, along with having some of the best banking privacy laws in the world, makes them popular for both domestic and foreign investors and business owners.
There are around 100 banks located in Panama, which allows you a good range of options to invest you can check them in our List of Bank Panama.
Practical Advice for opening a bank account in Panama
Before starting the opening process you must make some decisions related to your account.
For example, to open a bank account in Panama you should know what type of account you want to open.
Panamanian banking offers different types of accounts and banking services, in our article Bank Account Types, you will learn in more detail what are the types of account and the difference that exists between them.
In the same way to open a bank account in Panama you must decide if your account will be in personal name or will be in the name of a company.
You should consider that opening a bank account in Panama will be a different process if you do it on behalf of a company.
We also recommend to anyone who is thinking of opening a bank account in Panama that becomes familiar with Panamanian tax regulations.
If you want to discover everything you need to know about Panamanian tax regulations you van buy our Essential Panamanian Tax Guide eBook.
How to open a bank account in Panama?
When you open a bank account in Panama you will find some minor differences in the process and requirement requested by the bank, depending on your particular case.
For this reason we have included in our series two different posts depending on the case you are looking to open a bank account in Panama.
How to Open a Corporate Bank Account
How to Open a Personal Bank Account