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PANAMA BANKING

Offshore Corporate Accounts

We offer our clients several choices for their corporate accounts. All accounts are set up through our correspondent banks or brokerage firms. We have done extensive research to ensure that the recommended financial institutions are secure, stable and reputable.

Most clients need a corporate account for their corporation (or Foundation), otherwise the entity is generally useless for achieving their objectives. We realize that the type of account you select is essential for achieving your objectives, so we have provided a variety of account types to choose from. If you would like to set up an account through any particular bank or brokerage firm that we do not currently deal with, we can also assist you for a slightly higher set up fee.

About Panama Banks:

Panamanian Banks are of the most stable banks in the world, being home to the second largest international banking center in the world, next to Switzerland. Panama also has the best bank secrecy laws available in the world today.

There are approximately 100 international banks in Panama. We have relationships with a variety of international banks in Panama through which our clients may open corporate accounts at. However, we mainly open corporate accounts for our clients through our recommended banks, with whom we have excellent working relationships.

Most of our clients are handled by the Private Banking Departments of our recommended banks. A bilingual, English and Spanish speaking Private Banking Official is assigned to each of our clients accounts, and our client is provided with that persons contact information for direct communication for executing banking transactions.

More Info About Panama Banks

Interest Rates:

The banks in Panama offer very attractive interest rates*. Currently, our recommended banks offer up to 3% annual interest on USD savings accounts, and up to 4.5% annual interest on USD time deposits (Certificates of Deposit).

*Quoted rates on checking and savings accounts may; change without notice, vary depending on the LIBOR (London InterBank Offering Rate), be subject to minimum deposits and/or minimum balance requirements and/or certain terms for CD's.