Panama
Where should I setup a bank account in Panama?
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We asked expats in Panama what banks they use and there advice about banking. They advised...
"In Panama, we have a strong and stable financial system that allows any foreigner in Panama to set up a bank account seamlessly. It's important to have a tax declaration and a bank statement from your country duly legalized and apostilled for the opening process," wrote Moises Alvarado N. from Panama Legal Business (PANLEB).
Moisés Alvarado Navarro is an experienced legal advisor in Panama and has assisted numerous foreigners in establishing themselves in Panama.
Click connect to have our partner, Moises, contact you via e-mail and/or phone.
Moisés Alvarado Navarro is an experienced legal advisor in Panama and has assisted numerous foreigners in establishing themselves in Panama.
Click connect to have our partner, Moises, contact you via e-mail and/or phone.
"Since bank services offered by local banks (Visa card transactions, ATM withdrawals, transfers) are as good as any in the US, there are no expat-focused banks," said a member in Panama, Panama.
Business Panama GroupConnect
The Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
Click connect to have our partner contact you via e-mail and/or phone.
Business Panama GroupThe Business Panama Group is a well-established group of companies, professionals and alliance partners with 20 years of experience promoting and facilitating business, investments, real estate, immigration and tourism in Panama by providing information, business development and support services to individual and corporate investors.
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Where should I setup a bank account in Panama?
If you live in Panama, newcomers to Panama would love to hear your answer to this question.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat Exchange, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
