BANK ACCOUNT INTRODUCTIONS

Panamahotrealestate.com provides financial services to its clients. Once your entity is formed and ready to work, our staff members can coordinate with international banks in Panama or abroad, assisting you in the opening of bank accounts, depending on your personal needs. The services provided, depending from each bank, are multicurrency accounts, debit and credit cards, 24 hour online banking, time deposits (CD´s), investments, among others. All the banks count with English speaking staff members ready to assist you in any case. Our goal is to help you find and establish the proper bank account that suits your individual necessities.

If you prefer to open a bank account in a specific institution, let us know and we will gladly assist you. Note that if you choose to open an account with a bank other than the ones we recommend the cost of the introduction will increase slightly and the set up may take longer.

The requirements for opening accounts may vary depending on the bank chosen, but the general documentation and information requested is the following:

Personal Accounts

  1. Application Forms
  2. Identification: Notarized Copy of Passport (Apostilled, depending on the jurisdiction)
  3. Two (2) Bank Reference
  4. Two (2) Professional Letter of Reference (Lawyer or Accountant)
  5. Proof of Physical Address (Utility bills)

Corporate Accounts

  1. Application Forms
  2. Identification: Notarized Copy of Passport (Apostilled, depending on the jurisdiction)
  3. Certificate of Incorporation
  4. Articles of Incorporation
  5. Certification of Good Standing
  6. Two (2) Bank References
  7. Two (2) Professional Letter of Reference (Lawyer or Accountant)
  8. Proof of Physical Address (Utility bills)

Merchant Accounts

Merchant Accounts provide online entrepreneurs a safe and trustworthy payment option, facilitating transactions via major credit cards, through Payment Gateways and Card Processing with leading providers of such services.

Depending on your business activities, we can provide Merchant Account introductions that meet your commercial requirements and special needs. Some activities, such as pornography, gambling and others, are considered of high risk, thus some processors refrain from opening accounts to companies engaged in such. Nevertheless, if your company is dedicated to high risk activities, we can assist you with the opening of Merchant Accounts with providers specialized in high risk businesses.

If you need a Merchant Account, it is necessary to do as follows:

  1. The first step to take if you wish to have a Merchant Account is establishing a Panamanian Corporation. We are offering a limited time Promotional Corporation Package, for $800.00 only. Details.
  2. Then, it is necessary to open an account where the payments via credit card will be deposited. Our introduction fee starts from $650.00.
  3. Establishing a Merchant Account. Our introduction fee is $1,200.00 and the Processor’s set up fee start from $375.00.

To proceed on a bank account introduction or other additional services please contact us! info@panamahotrealestate.com