Oct 16, 2016

Open A Personal Account With A Panamanian Bank Which Has Investment Opportunities And A Minimum Deposit Which Is Low.

The Offshore Pro Group international banking professionals can provide you with the chance of opening a private account in Panama with a bank that has these benefits:

  • Tax free jurisdiction
  • A minimum deposit that is low
  • Investment opportunities
  • Strong correspondent relationships
  • Range of investment products
  • Credit cards
  • Online banking

Use this email [email protected] to contact us so that you can receive the best advice on opening a personal account with this Panamanian bank. The first thing that you should do is to answer the questionnaire on the following page Non Resident Bank Account Selection Professional Advice.

The Offshore Jurisdiction Of Panama

The Republic of Panama as it is officially called or just Panama as it is commonly known, is a country that is located in Central America. Costa Rica borders the country to the West and Colombia to the South East. Panama is a unitary presidential constitutional republic with a population of over 3.9 million people.

Panama’s economy is stable and it derives a lot of its revenue through the Panama Canal tolls. Other economic sectors are growing strongly and these include commerce, tourism and banking. It is the second most competitive economy in Latin America. The country of Panama is 60th in the Human Development Index.

The official language of the country is Spanish but English is spoken a lot in the major cities and is used for business. Panama has a GDP per capita of around $20,512 and the unemployment rate is fairly low at less than 3%. The country is also socially and politically stable.

The official currency of Panama is the Balboa. It is on a par with the United States Dollar under the terms of a monetary agreement which was made in 1904. This means that the US Dollar can be converted freely and it is also legal tender in the country. There are no restrictions on the movement of funds in any currency.

There are no capital gains taxes on offshore investments in Panama, interest is not taxable on any offshore accounts and there is no offshore income tax. There are also no estate taxes or gift taxes. There are no currency exchange controls so making remittances abroad which includes interest payments are not restricted.

The banking regulator in Panama is the Superintendent of Banks. New banking legislation in Panama which closely follows the principles of the Basel Committee put an end to self regulation in 1998. The Superintendent is responsible for the stability of the Panama banking system and monitors all of the banks closely to ensure that they are complying with the strict financial regulations that are in force.

Panama has a stable and growing economy and the country is both socially and politically stable. The Superintendent of Banks imposes strict financial regulations on the banks and all of this makes Panama a smart choice of jurisdiction for the protection, diversification and growth of your capital.

Your Private Account With This Panama International Bank

This international bank in Panama was founded in 1990 and for a few years it only served the local Panamanian community. After significant growth the decision was made to become an international bank. The bank is a subsidiary of a large financial group in Panama which has nearly 50 years experience in international financial markets.

The mission of the bank is the provision of competitive and efficient financial and counselling services which exceed client expectations. This will be achieved by the provision of personalized services to clients which is supported with moral and ethical principles to build long term relationships and trust with clients.

The bank has spent a lot of time and effort building strong correspondent relationships with international financial institutions. The bank currently has strong business relationships with 50 correspondent banks, multilateral financial entities and development organizations.

This bank is committed to enforce totally ethical standards when it comes to illegal monetary activities. It will not entertain terrorism financing or money laundering and works in harmony with the Superintendent of banks and other government agencies to ensure that these illegal activities have no place in their bank.

The Offshore Pro Group will provide the opportunity for you to open a private account in Panama with this bank and you will also receive professional financial advice from the bank for the protection, diversification and growth of your assets.

Private Banking Services From This Panamanian Bank For Your Capital Protection And Enhancement

In order for you to open a private account with this bank you will be required to travel to Panama and meet with representatives of the bank. This bank does not allow remote opening of private accounts. As soon as your private account is operational, you will have access to the quality selection of banking services and investment products and services that this bank can provide to you.

A subsidiary of this bank is an investment company and the experts there will want to discuss your situation in full and find out what your financial aspirations are in the short and long terms. They will design a portfolio for you that will best match your financial goals.

There is a fixed income fund that is available to you and the fund will be professionally managed for you. This will provide you with the benefit of diversification and transparency as well as additional tax benefits.

With an investment account you will be able to trade securities in any market (either OTC or stock). Your investment portfolio will be created by investment professionals and they will want to discuss the levels of risk that you can tolerate. You will be able to contact your investment advisor directly and you will receive statements of your account monthly.

You will be able to use the download the bank’s platform for trading securities and with this you can trade foreign currencies, futures, stocks, options, fixed income instruments and a whole lot more. Real time prices are available and there is a live chat facility where you can connect with the experts. There are market reports available as well as analysis, news and strategies.

Checking accounts are available that can be opened in Euros (EUR) and other world major currencies such as Canadian Dollars (CAD), British Pounds Sterling (GBP), Japanese Yen (JPY) and Chinese Yuan (CNY). Monthly account statements will be sent to you.

Savings accounts with attractive rates of interest are also available. With a savings account you will be provided with a visa card or a debit MasterCard and loans are possible by using these accounts as guarantees. Statements of your account will be sent to you each month.

Fixed term deposit accounts are available in Euros (EUR) or US Dollars (USD). These have competitive interest rates and are available for short, medium and long terms. Confidentiality with the management of your funds is guaranteed by the bank.

This bank offers a comprehensive range of credit cards. These cards are branded by Visa and MasterCard and provide you with the flexibility of making purchases almost anywhere and making cash withdrawals from worldwide ATM’s. These payment cards offer a range of benefits including competitive interest rates, a rewards points system and travel insurance coverage.

A free, highly secure online banking service will be provided by the bank. This service will give you 24/7 access to your account anywhere in the world with an Internet connection. You can check the balances of your checking account, savings account, term deposits, credit cards and more. Recent transactions will be visible and a historical log of your account statements can be accessed.

The average deposit required from non residents to open a private account with this bank in Panama is only 1500 US Dollars (USD). You will also be required to have a minimum account balance of 1500 US Dollars (USD) in your account at all times. This deposit is very low compared to the requirements of other offshore banks.

The account and transaction fees that are charged by this bank are always changing. It is essential that you ask your Offshore Pro Group international banking consultant about these fees. Your consultant will provide advice and guidance so that you can achieve the most preferential rates.

Please Be Sure To Follow This Process Precisely To Successfully Open A Private Account With This Panamanian Bank

To be successful with the opening a non resident personal account with Panama bank it is really important that you please complete this step by step process precisely:

  1. Use the email address [email protected] to contact us for expert advice regarding the opening of a private account with this Panama bank. We strongly recommend that that first you go to this page and answer all of the questions Free Expert Advice On Selecting The Right Foreign Bank Account.

It is vital that you comprehend the risks of non resident banking in the world today and strongly think about opening another non resident bank account.

  1. We will provide total professional assistance to you for opening a personal account at this bank in Panama, which includes your international banking consultant from the Offshore Pro Group travelling to Panama to attend the first meeting with the bank with you. For this the fee will be 2999 EUR. We can accept payments through credit cards, wire transfer, Bitcoin, Web Money and Western Union.
  1. The beneficial owner and all proposed account signatories will be required to supply the following documentaion to open a private account. This will include:
  • Two (2) banks reference letters (local or foreign) or bank statements for the last three (3) months
  • Two (2) commercial references letters (local or foreign)
  • Two (2) personal references letters (local or foreign) must include telephone numbers and residential address
  • Passport

Once you have supplied all of the required documentation we will check them thoroughly and pass them on to the bank as quickly as possible. You will need to make arrangements with the bank in Panama and your Offshore Pro Group international banking consultant to travel to the country and meet with bank representatives. There will be a waiting period of 7 days (working) for your private foreign account in Panama to become operational.

Start the process of opening a private account at this Panama bank today by using email to contact us [email protected]