Open a corporate bank account in Panama for your Panama company with USD-based banking and international wire transfers. 100% remote opening, no travel required.
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
Provide company incorporation documents, director/shareholder passports, proof of address, and bank reference letters.
We match your company with the right Panama bank and submit a complete application package.
Complete due diligence, make initial deposit, and receive full banking access.
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
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
| 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.
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.
