Panama Bank Account


CLIENTS ASK:

"Why is Panama Offshore Worldwide the only group that offers Free Assistance with opening a Panama Bank Account?"
 

THE ANSWER IS:

Panama Banks Do Not Require an Introduction.

Some banks would even pay a commission for referrals of good clients that meet all the requirements in their extensive "wish lists".


The important question then should be:

"Why should any law firm charge for scoring brownie points with the banks?
 

We don't charge you any fees for bank account introduction and assistance unless you need:

  • Same Day Bank Account Opening
  • Bank Accounts Outside of Panama that Offer an Extra Layer of Security and Protection
  • Accounts with Banks that Have Lower Requirements
  • Our Credit-Worthy Directors
  • Anonymous Debit or Credit Cards


The bank account is the heart of your offshore structure.

If ...

  • you approach the wrong bank
  • make an error in the set up of the account
  • provide unnecessary information

... many doors would be permanently closed and the whole offshore setup could become an exercise in futility.


For all these good reasons it should be YOU that must require the introduction, and not the Banks.
 

The Elite use Anonymous Bank Accounts

The financial elite have methods to legally keep their anonymous bank accounts out of reach from financial predators. 

What you need to operate an Anonymous Bank Account is:

  1. Accurate Information
    In the Information Age this should be easy to get.  But the right information about Anonymous Bank Accounts is obscured behind firewalls of half truths making privacy seem impossible.
  2. Constant Change
    Governments play cat and mouse games with their taxpayers by constantly changing the rules.  They do everything possible to prevent Anonymous Bank Accounts because it costs them tax revenue.  The saying “you'll get run over if you just sit there" holds true now more than ever.  Well informed, international entrepreneurs on the go can stay ahead of this game, maintain their privacy and reduce their tax burden while minimizing risks of business failures.
  3. Become Too Big to Fail
    Large businesses or international co-ops are well poised to utilize new technologies that make Anonymous Bank Accounts possible.  Up until a few years ago you could progress geometrically with hard work and a competitive spirit.  This method is obsolete in the contemporary markets that grow and shrink with the speed of light.  Trust and Collaboration is the only way to grow exponentially and become Too Big to Fail in no time.  More than ever before, there is no shortage of ideas and technologies empowering law abiding individuals to network and create almost immediate success stories.

Complimentary Advice by the Top Experts

With over 35 years of offshore banking experience, we are Panama's veritable International Bank Account Experts. Our world class expertise allows us to offer you several solutions for operating your offshore businesses, protecting your assets and saving on your taxes. The only stipulation is that your account cannot be used for financing terrorism, laundering money or any other serious crimes.
 

We know how to say YES

When most lawyers will only know how to tell you NO

 

Requirements for Opening a Bank Account in Panama

To open a bank account, most Banks in Panama require the following for the directors, owners and signing officers of the corporation:

  • A copy of your Passport.
  • A copy of a government issued ID showing your address (like a Drivers License or a Health card).
  • A copy of a utility bill showing your address.
  • Two Bank Reference Letters.
  • Two Reference Letters from a Doctor, Dentist, Lawyer, Accountant, Engineer, Registered Real Estate Broker or Insurance Agent.
  • A Visit to Panama for an interview with the bank.
  • Tax Returns for at least the last two years.

If some of the bank account opening prerequisites can not be met, our experienced banking specialists usually find alternative solutions and still meet the legal requirements.

Contact us to discuss solutions that apply to you.
 

Panama Bank Secrecy

If you're on this site, it's almost certainly because of one of two things: either you heard about the anonymity advantage of Panama's bearer shares corporations or that Panama's bank secrecy laws will protect your privacy while retaining full control of your liquid assets.  We won't get into the details of the bearer share corporations in this article, but the combination of these two advantages, if properly utilized, provide a solid establishment upon which to build a flawless offshore structure to protect your business or assets and save on your taxes. 

Many people hear references to "Panama's bank secrecy", but most of them don't understand exactly what this means.  It is often assumed that banks in Panama are valuable simply because an account outside your country of residence would be the same as not having the account linked to your name by the authorities in your country.  The obvious truth is that when your transfer your funds directly to an offshore account bearing your personal name, the transaction is directly traceable by your bank at home.  Therefore, you are unprotected, your income is taxable and, if you get caught, you have made your situation worse.

Other clients that are more educated on the subject usually know that Panama banking takes it a step further.  In Panama, it is a criminal offense for any bank employee to divulge any information about a client without a court order, and those court orders are only written up if the person is suspected of financing terrorism, drug trafficking, money laundering or other serious crimes.  Panamanian judges will not issue court orders for tax issues.  This is a sharp contrast to North America, where calling up the bank to make sure your associate has enough money in his account before depositing funds is customary procedure. 

Because of this law, prospective clients tend to think that opening a personal bank account in Panama and depositing the funds would be enough to keep their assets secure and private.  However, all these bank secrecy laws don't change the fact that a personal account would be in your name, and therefore would be traced back to you in various ways.

For Panama bank secrecy to truly be used effectively, an anonymous corporation is essential.  We provide nominee directors for the corporation, so your name is not actually registered in the government's documents and therefore cannot be traced back to you in the event that your country realizes that you are holding your funds outside of the country.  The corporation is controlled via bearer shares, which are registered by number and not by name, which is how you are able to control it without divulging personal information.  This combination also provides many other benefits. 

The corporate bank account is then controlled via a power of attorney that will give you complete control over the corporation, unlike other dangerous bank account methods.  That power of attorney stays private thanks to the same Panama bank secrecy laws we outlined above.  Unless you're conducting illegal business, no one will ever have access to that information.

This method is enough for most of our clients to keep their assets private.  For many cases, additional layers of security and advanced methods are required to ensure that anonymity is maintained.  If you are interested in developing a special bulletproof method especially for your case, contact us for a no-obligation consultation.

 

 

 

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TOP 6 REASONS TO CONTACT US NOW!

  • Low Cost Asset Protection Systems of the Multinationlas:

    Not too long ago, only the elite or the multinational conglomerates could afford going offshore. It has now become a necessity for almost every citizen to offer his family the flexibility to legally protect their lifetime savings and save taxes on their hard earned income. We offer many good solutions that suit everyone's needs and budget but there is not one best solution for everyone. To help you make the right choices, we offer individualized consultations at no cost or obligation.

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  • Get the Facts to Make the Right Decisions:

    It's OK to listen to the experts but sometimes even they make mistakes, or have vested interests that can disorient you from what is really happening on the local streets and market places. Continue reading the Wall Street Journal and listening to CNN but also register to receive our individualized blogs and get a much needed different perspective from places that aren't on the radar as of yet. Let us know your needs and interests and we'll only forward relevant blogs. Email us.

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    With inflation, bank failures and government confiscations, the phrase "it's like money in the bank" doesn't have the same meaning anymore. Nowadays there is no Risk Free investment. Unless, of course, we are talking about cash flow generating agricultural land bought at below market value prices. Tell us about yourself and we can open the doors to investments that the elite have been making for the last 5 years.

  • Guard your Privacy & Protect what's Legally yours:

    Of all the reasons to become a client, member of our team or join our network, we have picked the top 8 reasons and give you a summary.