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Open a Bank Account in Panama
$1,250.00
Panama is a key business gateway linking North and South America, boasting a strategic location with the Panama Canal at its core. The country’s stable political environment, dollarized economy, and business-friendly regulations make it an attractive destination for international companies. Panama City is a regional financial and banking hub, offering access to a well-developed infrastructure and a skilled, bilingual workforce. Panama’s free trade agreements and special economic zones further facilitate trade and investment, particularly in sectors such as logistics, shipping, and financial services. Its strong commitment to maintaining the Panama Canal’s competitiveness adds to its appeal as a business destination.
We can help you open bank accounts in Panama.
Accounts are available for individuals.
We work with 3 different banks in Panama.
Each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services below to better understand if their banking services meet your needs:
- Capital Bank (Corporate, Personal)
- Credicorp (Corporate, Personal)
- MMG Bank (Corporate, Personal)
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.
Capital Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies |
| Min Deposit | USD 20,000 |
| Currencies | USD |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Debit/Credit Card, Payment Processing |
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | USD 10,000 |
| Currencies | USD |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Term Deposit/Savings Account |
Credicorp
Account Details
| Eligibility | Offshore Companies, Onshore Companies, Local Companies |
| Min Deposit | USD 50,000 |
| Currencies | USD, EUR |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Debit/Credit Card |
Account Details
| Client Profile | Day-to-day banking |
| Min Deposit | USD 10,000 |
| Currencies | USD, EUR |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Term Deposit/Savings Account, Debit/Credit Card |
MMG Bank
Account Details
| Eligibility | Offshore Companies, Onshore Companies |
| Min Deposit | USD 10,000 |
| Currencies | USD, EUR, CHF, GBP, CAD |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Transactional Banking, Debit/Credit Card, Discretionary Wealth Management, Lombard Loans |
Account Details
| Client Profile | Day-to-day banking, Wealth Management |
| Min Deposit | USD 10,000 |
| Currencies | USD, EUR, CHF, GBP, CAD |
| Cards | Yes |
| Remote | Yes |
| Off-shore non-resident | Yes |
| Other Services | Checking Account, Discretionary Wealth Management, Debit/Credit Card |