Opening Bank Account in Panama as a Foreigner
So you want a bank account in Panama to open it. As foreigners, it is not easy these days than in the past. If you want to live in the United States or European countries and open a bank account in Panama, to siphon money, it is advisable not to enter into this business. Banks from other countries to open an account you seduce, but banks in Panama are not the same. You must go through a rigorous validation of your account. The first thing is to remember when opening a bank account in Panama is a letter of recommendation from your current bank. Never close the account in your country where you live. If the authorities of banks in Panama, is only by chance, there is a possibility they may lose the amount you deposited. To open an account, you must provide proof of your income. You can use the bank statement of your current bank. A statement of at least six months is required. Your residency status must be verified before you receive on your account. Without residency status, you will not be able to open a bank account in Panama. It is preferable that the payment by electronic transfer of origin rather than cash. initial cash large amounts can trust the bankers in Panama an vigilant eye on your account. You need to have these documents ready before applying for a bank account. Copy of first page of your passport where the image is inserted, or driver’s license or other government document with photo identification must be presented, the first thing you should be ready. The letters of reference, are needed in two numbers. One of them was coming from a professional working in Panama to take with you and someone else the other can not. It is not necessary that these people you have known for a long time. Most banks charge $ 200 for a savings account and at least 500 dollars on a bank account (checking) account. It can impose penalties if the balance falls below this level. If you record from a bank to enter the first open an account, you prepare for such questions – “What is your source of income?”, “Where is your company located in Panama? “What kind of business you want to put in place in Panama” What can the volume of transactions per month and per year, why Panama. The answer should be convincing enough to cut, open an account. It is better not open your account is too “friendly” bank of banks are stable careful. You are also invited to an agreement to stay by all rules and regulations sign letter of intent by the government and change of bank. Open an account in Panama is not difficult if you get the right approach and proper documentation. For more information on how to open a bank account in Panama, please visit the link.