After the Panama Papers, the offshore world has changed, especially in Panama. Opening a bank account in Panama these days isn’t as easy as it was before; however, the isthmus’ Financial Center continues to be attractive, with its 2 State and 68 private banks — 45 of them with a genera license and 23 with an international license — in addition to 11 international banks with local representational offices.
Because of new norms for the evaluation of money laundering and terrorism financing risks applied internationally, opening a bank account in Panama these days is a long and tedious procedure. The banks thoroughly investigate the client, and for those who aren’t nationals and/or permanent residents, opening a bank account is usually difficult and, at times, impossible.
Caporaso & Partners is a specialized legal firm with offices in the Banking Area and ample knowledge of the laws, banking regulations and policies of each bank, which can advise you on opening a bank account in Panama, in person or remotely.
Request a consultation by email at [email protected] or visit our website www.opm01.com to research about how to open a bank account in Panama, Europe or in other offshore jurisdictions, according to your needs.
Do you need a consultancy on this topic?Book it
The views and opinions expressed in the web site are subject to change based on the laws, market and other conditions. The information provided does not constitute legal advice and it should not be relied on as such. All material(s) have been obtained from sources believed to be reliable, but its accuracy at the time you read is not guaranteed. There is no representation or warranty as to the current accuracy of, nor liability for, decisions based on such information.