Dollarized economy
The US dollar is used as the legal tender for everyday purchases and large transactions. Having an account in dollars protects savings and facilitates international wires.
Account opening and banking strategy
Open a bank account in Panama
A bank account in Panama opens many doors for individuals and companies.
Account opening and banking strategy
Banking in Panama
The Mundo Law team helps you open an account and become part of Panama's strong banking system and healthy economic sector.
Overview
What this page covers
A bank account in Panama opens many doors for individuals and companies.
Book a consultationRobust banking sector
Panama's banking system is regulated by the Superintendency of Banks, and it is used to assisting international accountholders and private clients.
Service variety
Ample variety of services from personal and corporate accounts to current accounts, private banking, and international debit and credit cards.
White-listed jurisdiction
Subject to the CRS, FATCA, and other international agreements, Panama is committed to international transparency standards and is considered a reputable jurisdiction.
Who can benefit from a bank account in Panama
Banking support can serve individual, corporate, residency, investment, and online business objectives.
- Individuals using it for personal purposes
- Companies that want to send and receive international payments
- Private clients who want to invest in different vehicles
- Residents who want an account to handle their personal transactions
- Investors who want to buy real estate or invest in other vehicles
- E-commerce integration for online stores or remote service providers
Advisory architecture
A carefully designed route before implementation
A good plan is not a stack of isolated services, but a combination of complementary tools that align towards a common objective.
Talk to your Mundo expert to share your objectives and the details of your particular case.
Choose the best tools that can lead you to your goal efficiently and safely.
Set up each structure by starting processes, gathering documents, or submitting applications.
Once the first milestone is completed, assess the results and analyze whether changes are needed.
Private intake
Reach out to us
Talk to us and share your ideas, objectives, and needs. Your Mundo expert will help you identify the right path or implement the one you have designed.