OPENING A BANK ACCOUNT IN PANAMA
Benefits of a bank account in Panama
Panama offers a platform of tax, logistical, and banking benefits to foreigners who use Panama as a destination for their foreign currency. Panama has the best tax platform for offshore businesses, as we have a territorial tax system, meaning offshore income (income derived from activities outside of Panama) is not taxed by the Panamanian government. Non-resident (offshore) companies in Panama offer some of the following tax benefits:
Reasons to Open an Offshore Company
1
Dollarized and Stable Economy
Panama uses the US dollar as its official currency, which eliminates exchange rate risk and provides a solid foundation for preserving the value of money in the face of inflationary crises in other regions.
2
Asset Protection and Confidentiality
Bank accounts in Panama, combined with legal structures such as corporations or foundations, offer a high level of legal protection and financial privacy, safeguarding your assets from legal risks in other countries.
3
Exemption from taxes on foreign income
Under the territorial income principle, income from abroad is not subject to tax in Panama, which is a significant advantage for global investors seeking tax efficiency.
PROFESSIONAL, CONFIDENTIAL, FAST SERVICE IN JUST 3 SIMPLE STEPS
STEP 1
Schedule a 1-on-1 consultation with the expert attorney below.
STEP 2
You will receive a personalized proposal
STEP 3
You will have your bank account in Panama, without having to come to Panama.
Evaluate your case with a legal and corporate team with real experience in bank openings in Panama, for both individuals and local and international companies.
We analyze your profile, structure, and objectives before starting any procedure, to ensure a viable, transparent process aligned with current Panamanian banking practices.
👉 No commitment. No improvisation.
Do you still have questions about opening a bank account in Panama?
Watch our video and discover, in just a few minutes, how to open a bank account in Panama as a foreigner, what benefits it offers, and why it can be a key tool to protect your assets and operate in a solid, dollarized economy.