
Bank Account Opening
Opening a bank account in Panama
Applicable country/region: PA - Panama
- English-speaking advisor
- Panama local setup support
- Tailored service assessment
Response within 1 working hour on business days. We confirm applicability and estimated fees first.
Fully remote
Remotely Process Your Opening a bank account in Panama
What's Included
Everything in this package
The line items below are already covered by the unit price. Anything marked "not included" can be added as a tailored extra.
- Provide local bank account opening services for clients in Panama.Included ×0.00
Good to know
- If unable to personally go to Panama, you can choose to hire a nominee director (exit after successfully opening a bank account). Please refer to the "Nominee Director Quotation System" for details.

Product Requirement
Opening a bank account in Panama's Requirements
- The board member needs to go to Panama in person to sign.To open an account with a Panamanian bank, the company director needs to personally go to Panama to sign. If there is no company director available to sign in person in Panama, you can choose the nominee director service provided by Equity World to sign in Panama, and withdraw as a director after the successful account opening.Included: No · Solution available
About Panama
Panama is the Americas’ leading logistics hub with the Panama Canal, offering a dollarized economy, territorial tax system, and Latin America’s largest free trade zone in Colón for international commerce.
View Complete InformationPanama Tax Brief
- General CIT Rate
- 25
- CIT Return Due Date
- Three months after the end of the fiscal year.
- CIT Payment Due Date
- Tax payments must be made within three months after the end of the respective accounting period.
- CIT Estimated Payment Due Date
- 6 months, 9 months, and 12 months after the end of the tax year.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- 5, 10 - 20/NA/NA
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 5, 10 - 20/12.5/12.5
- General VAT Rate
- 7
- General Capital Gain Tax Rate
- 10% on capital gains. Shares and securities: the buyer withholds 5% of the total value. Real estate: 2% transfer tax plus a 3% income-tax advance on the price or cadastral value, whichever is greater.
- Composite Effective Average Tax Rate
- 23.33%
- Composite Effective Marginal Tax Rate
- 18.47%

Get a tailored service plan by our experts
Our experts in global business market respond even late at night. Search for your desired product, fill out your basic information and select your desired service. Then sit-back and relax while our experts evaluating your inquire and designing your tailored service.
A Full-Service Consulting Firm Backs You Up
TKEG Expat™ (DE) is your trusted overseas business partner. TKEG Expat™ (DE) is a member of the TKEG Group, as is THE KEITH & EVEN GROUP, a Hong Kong-based global consulting agency with access to 50 markets covering approximately 72 percent of global GDP.
With the TKEG Group's strategic advantages, TKEG Expat™ (DE) connects customers to opportunities worldwide and serves them in 21 industries.
Do You Represent A Big Corporation Or Already Have 10 Million USD In Revenue?
If you represent a big corporation, or if your company already has more than $10 million USD in revenue, you may be interested in the enterprise solutions provided by THE KEITH & EVEN GROUP.
Enterprise Solutions >