Bank Account Opening · Panama 2026

Open a bank account in Panama — properly prepared

Flat fee. Clean documents. Clear source of funds. Guidance until the bank appointment.

Structured preparation for opening a bank account in Panama for German private clients and companies. Consulting, document preparation and coordination with the bank in Panama — based on years of banking and compliance practice.

Request initial review → See the process
Flat fee EUR 500 No empty promises Until the bank appointment

What this is about

A bank account in Panama — cleanly prepared.

Many German private individuals and companies are currently interested in a bank account in Panama. The process is generally possible, but not automatic. What matters is whether the documents are complete, traceable and ready for the bank's review.

That is exactly where my service comes in. I support German clients in preparing for a bank account opening in Panama. This is not about quick promises, but about a structured review, clean documents and a clear preparation for the banking process.

Important: The account opening is always subject to the bank's review. There is no guarantee of an account opening. The bank decides based on documents, source of funds and its own compliance requirements.

Who this is for

Who can have an account prepared?

Private individuals

From Germany, with a traceable source of income.

Self-employed & entrepreneurs

Sole proprietors, freelancers, GmbH managing directors.

German companies

GmbH, UG, GbR and comparable corporate forms.

Prerequisite: traceable source of income and willingness to prepare the account legally, transparently and properly.

Account types

Which account models can be prepared

Which account type makes sense depends on the purpose, the planned use, the minimum deposit and the bank's review.

Interest rates and minimum amounts are based on currently available information and may change. The bank's latest official terms apply.

Required documents

What the bank typically wants to see

For private individuals

  • Passport or ID card
  • Proof of current address
  • Utility bill (electricity, water, telephone)
  • Proof of income or source of funds
  • if applicable: employment certificate
  • if applicable: social insurance proof
  • if applicable: payslips or payment evidence
  • if applicable: income tax return
  • if applicable: rental contract or rental income statement
  • if applicable: investment portfolio statement
  • if applicable: dividend statements
  • if applicable: income confirmation by tax advisor or auditor

For companies

  • Commercial register extract or equivalent proof
  • Corporate documents (articles, by-laws)
  • Proof of beneficial owners
  • ID documents of shareholders / managing directors
  • Proof of company address
  • Proof of business activity
  • Proof of revenue or source of funds
  • if applicable: tax documents
  • if applicable: bank statements
  • if applicable: contracts, invoices, business evidence

Translations

Translation costs — transparent

If documents are not in Spanish or English, a translation by a certified translator in Panama is required. Only what the bank actually requests gets translated.

EUR 10 per translated page plus 7 % tax = EUR 10.70 per page (current rate)
CasePages approx.Cost approx.
Private · simple5 – 12EUR 53.50 – 128.40
Private · extensive15 – 35EUR 160.50 – 374.50
Company · simple15 – 40EUR 160.50 – 428.00
Company · extensive40 – 100EUR 428.00 – 1,070.00

Only documents required for the specific case are translated. Actual costs are calculated in advance based on the documents submitted.

What I handle

My concrete service at a glance

  • Initial assessment of whether the process makes sense
  • Review of the documents likely required
  • Creation of a clear document checklist
  • Preparation of client documents for the bank process
  • Coordination of necessary translations in Panama
  • Structuring source-of-funds evidence
  • Preparation for the bank appointment
  • Coordinating an appointment with the bank
  • Support throughout the process where possible
  • Clarification of open points before the appointment

Pricing

Clear, calculable flat fee

Consulting service
EUR 500

Flat fee for consulting, preparation and coordination. A proper invoice will be issued.

Card shipping
+ EUR 100

Optional. Shipping the bank card from Panama to Germany once the card has actually been issued.

Not included

  • Bank fees
  • Translation costs
  • Notary fees
  • Shipping costs (apart from card shipping flat rate)
  • Apostilles or certified documents
  • External service providers
  • Minimum deposits or balance requirements set by the bank

Initial deposit & money transfer

How the first deposit works

International transfers from Germany to Panama can take time. Therefore it is clarified in advance how the first deposit can be made in practice.

  • Direct transfer from the client's German account
  • Deposit after the account has been opened
  • Transfer following the bank's instructions
  • Clarification of an admissible interim solution

If the bank explicitly confirms that an initial deposit via my account in Panama is permitted, this option can be considered case-by-case. In that scenario, the client transfers the amount to me and I forward it according to the bank's instructions.

Important: Such a solution only takes place if it has been clarified with the bank in advance and is explicitly permitted. Every payment must be traceable and consistent with the client's documented source of funds.

Credit & bank card

What is clarified about the card in advance

Whether and when a credit card is possible depends on the bank's review and the respective conditions. The following points are clarified in advance so that no false expectations arise:

  • Whether a credit card can be applied for directly
  • Whether a balance must first sit on the account
  • How high that balance must be
  • How long the balance must remain on the account
  • Whether a debit or credit card will be issued
  • Whether the card can be shipped to Germany
  • Whether personal pick-up is required
  • Whether delivery within Panama is possible

The process

From initial review to the account opening

  1. 01

    Initial assessment

    Review whether opening an account fits your situation. Residence, goal, source of income, documents, intended use.

  2. 02

    Document checklist

    Concrete overview of all required documents. Missing documents clearly named.

  3. 03

    Preparing the documents

    Collect, organise and prepare documents for translation where necessary.

  4. 04

    Source of funds — clean presentation

    Income, company profits, sales, dividends, rental income or other sources are cleanly documented.

  5. 05

    Bank appointment — fully remote

    Coordination and support of the appointment via online meeting. No personal presence in Panama required.

  6. 06

    Bank review

    The bank reviews documents, identity, source of funds and intended use.

  7. 07

    Account opening & next steps

    After a successful review the bank decides. Afterwards: clarification of card issuance, deposit, transfer and account usage.

Clear boundaries

What I explicitly do not promise

  • No guarantee of account opening
  • No circumvention of bank requirements
  • No anonymous accounts
  • No tax avoidance advice
  • No opening without a traceable source of funds
  • No acceptance of unclear or risky money sources
  • No guarantee of a credit card
  • No guarantee of specific processing times
  • No guarantee of stable interest rates or conditions

Why preparation matters

First structure. Then document. Then appointment.

Opening an account in Panama rarely fails on a single form. It usually fails on unclear documents, missing evidence or a non-traceable source of funds.

  • Less chaos in the process
  • Fewer follow-up questions from the bank
  • Better-prepared documents
  • Clearer communication with the bank
  • Realistic assessment before the process starts

Get in touch

Next step: structured initial review

If, as a private individual or company from Germany, you want to open a bank account in Panama, the next step starts with a structured review. First it is assessed whether the process is realistic for your situation and which documents are required.

Reply within 1 – 3 business days. Not an automatic confirmation of an account opening, but a first assessment of your situation.

No guarantee. No shortcut. No empty promises.

Instead: clear preparation for a clean bank process in Panama.