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Dear All,
we would like to open an account for our panama company? any suggestion? any reliable company could do it?

Thank you

 

Why don't you go for a Euro Pacific bank account, LeuPay or even Mister Tango account for your needs? It's very easy and you don't need to use any "reliable" company to help you!

 

the operations on this company will be big. it is more reliable to have a bank account better than EMI

 

auric said:Why don't you go for a Euro Pacific bank account, LeuPay or even Mister Tango account for your needs? It's very easy and you don't need to use any "reliable" company to help you!Click to expand...Leupay doesn't accept Panama as jurisdiction.   Toggle signature​

 

There is no appetite for Panama companies in the west after Panama Papers scandal and it will make no difference how legit your activity is. Beggars can't be choosers when its comes to Panama companies. Good luck.  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

EPB accepts Panama as jurisdiction, but not all Panamanian lawyers.  Toggle signature​

 

Yes EPB is likely the best option for this as Panama is not well liked.  Toggle signature

 

james David said:Dear All,
we would like to open an account for our panama company? any suggestion? any reliable company could do it?

Thank youClick to expand...
I just remembered you can try with Caye International Bank in Belize. I had good experience with them (Panama Foundations in that case) way back in the good old days. Hopefully things have not moved on too much with them.

International Banking – Belize Offshore Bank   Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

Do you think we could open in EU bank?

 

james David said:Do you think we could open in EU bank?Click to expand...
Open in a bank in EU? As a non-EU resident you would be lucky to open an account for a normal EU company let alone a Panama one....lol. You will have to ask among the small independent EU banks. Best bet would be to try a small Austrian private bank, you can find on the web the name of a few and approach them directly.  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

There really is no possibility that EU banks will accept a Panama Company. I would look at locations such as Mauritius, Puerto Rico, Seychelles as possible solutions for your Panama Company.  Toggle signature

 

Guys, I have a question about Caye International Bank.

They propose Demand Deposit Account and you can choose only one currency (or USD, or EUR, or GBP ... etc.)

Could I use them as a usual corporate bank account for payments to my partners and payments by invoices?

If I will choose USD - when I make wire - the recipient of my payment will see the name of my company as sender or not?

And the same question about EUR - If I will choose EUR.

Thanks!

 

As i know and from info on their site, they do not have direct access to the swift.
So, if you will send or reiceve payments, beneficiar will be bank, not your company.
Only in payment purpose should contain name of your company.
Thats why caye is mostly useless for business activity.

 

Caye has correspondent banks for EUR and USD. But when sending money to a third party, the sending party (your company name) will be in of the fields of the SWIFT message structure as the sender. This would be more a question to tech guy at Caye. I double checked payment I received in my bank via a correspondent bank (nor from Belize though) and I can see the ordering bank, the correspondent bank and the ordering party who initated the payment.

 

@John Spectre sorry, didnt see the message above that Caye has no direct access to SWIFT. But they do have their own SWIFT code (CAYEBZBZXXX ). What does 'not have direct access to SWIFT' mean?

 

Suzy Emerald said:@John Spectre sorry, didnt see the message above that Caye has no direct access to SWIFT. But they do have their own SWIFT code (CAYEBZBZXXX ). What does 'not have direct access to SWIFT' mean?Click to expand...
This mean that they lost access to the swift maybe year or two ago.
Before that - they had access to swift and had swift code that you mentioned.
so, over internet and swift database this code is present, but not usable as I understand.

 

Thanks. Good to know that the info on their site is not correct

 

Anyway. Belize banks are used a lot by US citizens to save their money so transfers are therefor not that important I think. Account opening with Caye is not difficilt but after preapproval you need to send the original docs.

 

John Spectre said:This mean that they lost access to the swift maybe year or two ago.
Before that - they had access to swift and had swift code that you mentioned.
so, over internet and swift database this code is present, but not usable as I understand.Click to expand...
I think you mean they lost a couple of their correspondence banking relationships a while ago like most of the Caribbean. They still have access to Swift and have never lost Swift access as you can see in their wire instructions. They just have a new correspondence banking relationship with Crown Agents bank in UK which they are using to process payments.  Toggle signaturePlease note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.