Why Panama Corporate Banking?
Panama corporate banking provides your business with access to a stable, dollarized banking system with strong privacy laws and no exchange controls. Open your account 100% remotely with no travel to Panama required. Panama banks serve international businesses with USD accounts, trade finance, and correspondent banking relationships worldwide.
Note for U.S. persons: US-owned Panama corporations must comply with FATCA reporting. The bank will report account information to the IRS.
Open your Panama corporate account with full support.
100% Remote Opening - No Panama visit required
Crypto Friendly - Bank options that accept crypto-related businesses
Dollarized Economy - USD is legal tender, eliminating currency risk
No Exchange Controls - Move money freely internationally
Banking Privacy - Strong bank secrecy laws protect your information
Trade Finance - Letters of credit and trade financing available
International Network - SWIFT access and correspondent relationships
USD-Based Accounts - Stable dollar-denominated banking
Who Is This For
Panama SA or SRL company owners needing corporate banking
International traders requiring trade finance services
Holding companies managing international investments
E-commerce businesses with international operations
Consultants and service providers invoicing globally
Companies seeking privacy-focused banking jurisdiction
The Process
Step 1: Submit Your Documents
Provide company incorporation documents, director/shareholder passports, proof of address, and bank reference letters.
Step 2: Bank Selection and Application
We match your company with the right Panama bank and submit a complete application package.
Step 3: Account Activation
Complete due diligence, make initial deposit, and receive full banking access.
Requirements
Panama Company - Active SA or SRL in good standing
Company Documents - Articles of incorporation, public registry certificate
Director/Shareholder IDs - Passports for all directors and beneficial owners
Proof of Address - For all directors and beneficial owners
Proof of Income - For directors and beneficial owners
Bank Reference Letters - From existing banks for directors
Business Description - Detailed explanation of company activities
Initial Deposit - Typically $5K-$50K USD
What's Included
Bank selection - Match with the right Panama bank
Document preparation - Organize all corporate documents
Application submission - Full package to the bank
Due diligence coordination - Manage bank compliance requests
Account activation - Ensure full setup and access
Online banking setup - Configure corporate digital banking
Timeline
| Milestone | Timeframe |
|---|---|
| Document submission | Day 1 |
| Bank application filed | 5-7 business days |
| Due diligence review | 2-4 weeks |
| Account approval and activation | 3-6 weeks total |
No travel to Panama required. Account opened 100% remotely.
Important Notes
Company must be active - Your Panama company must be in good standing with annual fees paid.
Resident agent required - Active registered agent relationship needed.
Due diligence intensive - Panama banks conduct thorough KYC on corporate accounts.
In-person may be required - Some banks require directors to appear in Panama.
Open your Panama corporate bank account. International banking with privacy and stability.