Our banking services
Panama is a top banking destination for its strong secrecy levels and its friendly taxation system. Thus, Panama is an onshore jurisdiction with the benefits of an offshore jurisdiction.
What do you want to accomplish
Mundo Law has an unparalleled network of experts of the highest expertise and reputation, offering
its readers high-quality services in all the mentioned areas, thus helping individuals and corporations
achieve their financial goals, diversify their assets and protect their legacy for the generations to come.
“We make the wealthy free and the free wealthy.”
MUNDO LAW, is a unique publication where international experts, with complementary non-competing products and services, share ideas and points of view in absolute confidentiality while being part of a community that is fully committed to the goal of human freedom.
We work in close partnership with NTL, which, since 1994, has been providing elite corporate and structuring solutions for international businesses. We offer personalized boutique attention and tailormade solutions to family offices and international clients in the areas of corporate structuring, banking, residency, and second citizenship, FinTech licenses, investment funds, and real estate acquisitions.
NTL has physical offices in Shanghai, Beijing, St. Kitts and Nevis, Vanuatu, Latvia, New Zealand, Turkey, Grenada as well as a network of worldwide experts to ensure you get personalized, high-quality service and advice with a boutique turnkey solution.
Banking in Panama
The financial services sector covers around 10% of the GDP. And the industry is mostly known as the second-best in the world, only behind Switzerland, and meets the strictest international standards through stringent auditing regulations and state-of-the-art security systems.
However, that also means opening a bank account can be a bothersome process, especially if you’re not physically present to do it. It requires more documents than in most countries, and all the documents you deliver go through stringent checks, meaning the process can take a few weeks.
Non-residents can open both personal and corporate accounts for foreign or local companies in Panama.
MUNDO LAW BANKING
Generally, most of the process can be done remotely, but you’d have to go to Panama for an interview and to sign the opening document. Nevertheless, under certain conditions, and with the helping hand of an authorized agent such as Mundo Law , we can help you open your account remotely.
open merchant accounts for e-commerce and brokerage accounts.
It includes registration of a company in Panama, virtual office, corporate bank account, and merchant account to process payments from your app or e-store.
We work with a pre-approval system. That means we send prospective banks all your information so they can study your profile and decide whether they will take you as their client. That increases your chances of being accepted by a bank and reduces time and costs.
These accounts are not opened in regular banks but in broker-dealer houses and that doesn’t mean the process is easier. It’s as stringent as for opening a regular bank account.
We can also help you open merchant accounts for e-commerce and brokerage accounts.
E-Commerce/Apps package
For companies that wish to operate as online stores and/or mobile apps. It includes registration of a company in Panama, virtual office, corporate bank account, and merchant account to process payments from your app or e-store.
All accounts are opened in US dollars, which is the official currency in Panama. But multi-currency accounts usually allow you to hold US dollar, Euro, British pound, Swiss franc, Japanese yen.
administered account
Where our banking partners will help you structure a tailormade investment portfolio for you.
What are you waiting for?
A bank account in Panama will give you and your business fantastic tax optimization possibilities in one of the most secure, advanced, and reliable banking systems in the entire world.