In the present economy it is very important to maintain a strong connectivity with the customers and also increase the volume of customers. Since asset planning is considered as an important factor for future security, an appropriate guidance regarding this would be essential, and this can be acquired through the financial services that we offer our clients.
REQUIREMENTS FOR OPENING A BANK ACCOUNT
Personal Account:
• 2 original bank reference letters
• 2 personal references (lawyer-accountant)
• Immigration card and work permit (if applies)
• Copy of the complete passport
Corporative Accounts
• Signed Company Request
• General resolution
• Personal Information of each signer
• Copy of the passports
• Two bank references (directed to the Bank)
• Personal references
Note: depending on the bank, other requirements might be
requested
Panama is one of the oldest financial centers in the world, known as a very important settlement for offshore companies and for international business that support the national and some surrounding countries through its financial institutions and banking network. The banking network is constituted by 2 government banks, 38 with general license, 34 with international license and 3 banks with representation license.
General License:
issued to banks - organized under Panamanian laws and authorized branches of foreign banks to engage in local and international banking .
International License:
issued to banks - organized under Panamanian laws and authorized branches of foreign banks to conduct exclusively, from an office established in Panama, transactions that are completed or accomplished outside Panama.
License of Representation:
issued to banks - organized in accordance with foreign laws to establish, exclusively, representative offices in Panama. National and international companies are investing billions of dollars in property development and a considerable percentage of the investment is coming from banks loans, due to the monetary stability and low interest observed in this country.
There are also other aspects that have started to affect the Panamanian economic and financial situation, such as the expansion, in which a considerable amount of money will be invested and a large number of companies and banks will take part in this project, either in a directly or indirectly way.
Two oil refineries are in negotiation for being built in Panama, and the deals oscillate around 14.5 billion dollars. The dollar economy and the trade pacts are aspects that need to be considered when investigating the Panamanian financial and economical situation either for investing or .
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