Why Choose a Foundation with a Bank Account in Panama?
Asset Protection — Secure your assets within a legally protected foundation structure
Integrated Banking — Manage funds through a dedicated corporate bank account
Privacy and Control — Maintain confidentiality with structured governance
International Flexibility — Operate and manage assets globally
The Process
Step 1: Complete KYC and Due Diligence
Provide all required identification documents and complete the verification process.
Step 2: Complete Foundation and Banking Questionnaires
Submit the Panama Private Interest Foundation questionnaire and complete the banking questionnaire with business and financial details.
Step 3: Establish Your Foundation
Foundation is registered and legally established. Define structure, beneficiaries, and governance.
Step 4: Open Your Bank Account
Bank account is opened following approval. Begin managing assets and transactions.
Requirements
Valid Passport — Required for identity verification
Secondary ID — Additional government-issued identification
Bank Reference Letter — From your current banking institution
Proof of Income Tax ID or Employment Letter — Documentation of income source
Proof of Address — Current residential address verification
Completed Panama Private Interest Foundation Questionnaire — Required for foundation registration
Completed Banking Questionnaire — Required for bank account opening
Substitute Beneficiary Passport — Valid passport of substitute beneficiary
Contingency Beneficiary Passport — Valid passport of contingency beneficiary
What's Included
Full Legal Assistance — Guidance throughout the entire process
Foundation Registration — Complete establishment of your Private Interest Foundation
Bank Account Opening — Assistance with corporate bank account setup
Document Preparation and Due Diligence — Support with all required paperwork
Structuring Support — Guidance on foundation and banking setup
Timeline
| Milestone | Timeframe |
|---|---|
| Foundation registration | 16 business days after due diligence and completion of all requirements |
| Bank account opening | Approximately 4 weeks depending on approval |
Important Notes
Additional Requirements — Bank may request further information depending on structure
Source of Wealth — Documentation required for banking approval
Compliance — Full due diligence required for both foundation and banking
