Banking and Fincance

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s an expat it can be challenging to open a Bank Account in Panama and without expert guidance the process can be lenghty and tiring.

Be it as part of establishing a local business or your relocation to Bocas del Toro, Panama, the procedure has become a difficult task and sometimes it is  almost impossible, however with accurate advice, a professional bank introduction and provision of required information, our Law Firm has been able to assist dozens of expats and foreign investors to open Personal and Corporate Bank Accounts in Panama.

The only Bank on Isla Colon, is Banco Nacional de Panama (BNP) being the National Government Bank. BNP requires that all foreigners who want to open an account must have a “cedula” (Panamanian ID card). In order to obtain a “cedula” you will have to apply for Panamanian Residency.

Changuinola is the nearest town from Bocas del Toro Island, where you can find three more private banks of your choice: Global Bank, Banistmo, and Multibank. Whatever your choice and current situation, A&A will consult on multiple options.

Get in touch for a free case analyis and schedule an appointment with Daniel Anaya!