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I don't think is possible to send USD to Panamaniam bank with TransferWise, all of them are using intermediary banks and in TW app for sending USD you have just 2 fields : account number, routing number

Banistmo in PA will soon introduce debit cards for corps as I heard.

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Digging in posts history here, @xzars @fshore did you tried it ? Any success of sending funds to Panama with TW ? When sending EUR, there are just fields "Name of recipient" and "IBAN" nothing else, where to fill all beneficiary and intermediary bank account details, so it seems to be not-doable...

I will react only on this sentence : To maintain tax residency status in Panama, you don't need to live there long-time, to be honest, you need just show there for 1day every 2 years and that's fine for maintaining your tax residency. Panama is in the middle of continent and they are just...

Any of these can be created without personal visit online ? Or personal visit of Foundation's protector is a must in all cases ? Personal experiences ? EUR IBAN is what interests me, but I will never trust any banks with 250k initial deposit. So there must be some compromise to be made.

Welcome. It's basically LocalBitcoins without a middleman/fees.

@xzars , can you please point out some of these high risk EMIs, which can offer IBAN account for Panamanian companies/foundations ? Thank you

You will still need to pay taxes in your country of residence from your personal income and/or country of incorporation of your company, doesn't matter in which jurisdiction you'll open your bank accounts. You can play "catch me if you can" with tax man, but I would not risk it in today's world...

You know, what you want to do is illegal. Why doing so, if there is legal way-around, be smart ;) Btw, there are still 13 non-CRS countries on this planet, soon to be 9, google it and good luck

I'm wondering if in Mentor Group one can find something like ..... marketplace ?

Etana Custody will allow you to withdraw FIAT (also EUR) to any offshore jurisdiction if you can pass theirs as you correctly pointed out strict KYC. I am speaking from my personal experience. I was one of the first test users to be enabled ETANA withdrawals to one of my offshore structure...

Bisq - The decentralized Bitcoin exchange

If you dont want to pay taxes in country of your company incorporation, you must relocate your company to jurisdiction, which is not taxing that kind of income your company is generating. Or you can raise your company expenses to declare no-profit in accounting, but that's pain in the a*s. Same...

I am wondering if there is an option to create corporate IBAN account for Panamanian Foundations somewhere ? These foundations have already corporate bank accounts in long established Panamanian banks, which are part of SWIFT network and are reachable only by international swift wires. SEPA...

Dear OffshoreCorpTalk members, your forum interests me, I decided to join. Maybe I can learn something new, maybe I can give advice to you. We'll see. Anyway, I am in your business sector for over 10 years, was creating companies&bank accounts in EU for various purposes. No-questions-asked...