How to get an Offshore Bank Account in Panama

You have decided wisely to do your offshore banking in Panama. Here is everything you will need so you are prepared to set up an account there as soon as possible.

The documents required are; a notarized copy of your passport, a notarized copy of your driver's license, a bank reference letter (you can get this from your local bank, just call to inquire), another reference letter from your lawyer, business associates or accountant.

Law firms will provide several things needed by the banks, for a small fee. These law firms will take care of paying Registration expenses, Annual taxes and act on Power of Attorney.

Law firms will also provide Resident Agents, 3 Nominee Directors with resignation letters, and the Share Certificates for bearer share corporations. They can also provide the Register Book, Corporate Resolution and the Articles of Incorporation.

There are usually a corporation with a bank account, a foundation with a bank account or a foundation with a corporation with a bank account or variations of these. American and Canadian people can not own personal accounts.

There are structures like a corporation with a bank account, a foundation with a bank account or a foundation with a corporation with a bank account or variations of these that everyone can use.

They can also provide the Register Book, Corporate Resolution and the Articles of Incorporation. Law firms will take care of paying Registration expenses, Annual taxes and act on Power of Attorney.

The minimum opening deposit is $1000. The bank account can either be in US dollars or in Euros.You also need a bank reference letter (you can get this from your local bank, just call to inquire).

Congratulations, following these guidelines you will be able to have an offshore Panama bank account in three days. Now doesn't that sound simple?

About the Author

To set up a panama offshore bank account or offshore asset protection please visit the OffshoreLegal website. You can get a unique content version of this article.

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