Now you can get up to 4.25% interest on five-year deposits in USD, 4% on two year deposits (substantial amounts only please). Short-term rates run around 2%, depending on term and amount of deposit. Rates change and fluctuate from time to time and we have been known to get aggressive in negotiating with the banks – you are our client not them!

The national currency in Panama is the US dollar but Euro accounts and Pound Sterling Accounts are available as well. We only open Panama bank accounts for Panama corporations or foundations that we formed. If we did not form the entity we need to shift it over to us as the resident agent and use our nominees. If you have a corporate or foundation bank account you can add in a personal bank account if the signatories are the same at the same bank.

For more details read our sections on Panama Banking, Guatemala Banking, Belize Banking and Saint Vincent Grenadines banking. If you require more privacy & security read our section on Guatemala Banking using international trust agreement signatory service banking.

Panama Stock Brokers - We can get your Panama Corporation or Private Interest Foundation an account with a Panama Stock Broker. You can trade the markets in many countries around the world. They do offer Forex and of course margin accounts. The accounts can be operated online or using a live broker. There are no discount brokers in the offshore world because there is no capital gains tax. If you are a substantial account the rates will approximate that of a discount broker. We can however get you a stock brokerage account with a Panama Bank that has 75 Billion in assets. Panama secrecy laws similar to bank secrecy laws apply to stock brokerage accounts in Panama. There are ways to transfer stocks from another country to Panama stockbrokers. It is not simple. You cannot transfer stocks from a personal name to a corporate name.

Real Estate and Lawyers - In your home country are you in the habit of dealing with law firms that sell real estate? Of course not! Our law firm does not sell real estate; we are a professional law firm. We represent clients in their real estate purchases, sales and negotiations. We feel it would be a conflict of interest to sell real estate and represent clients at the same time. In order to sell real estate in Panama one must have a real estate license, a law license is not the correct licensure. Professional law firms in Panama are not in the habit of doubling as real estate sales agencies. If you are dealing with a real estate company offering you free or deep discount services be aware that there is a conflict of interest. They make their money selling real estate, not giving away legal goods and services. If the lawyer doesn't make sure the deals close no matter what, he will quickly be replaced with another lawyer who does make sure the deals all close.

Sometimes clients find out they got a free corporation with their real estate purchase but the renewal fees are double what most firms charge (we charge $695 per year starting in year two and we hear fees of $1200 - $1500 on these real estate corporation freebie deals). Real Estate brokers may refer you to a law firm or lawyer. Again run the other way. You are one client and the real estate agency represents many clients to come. Who is the lawyer more worried about you or the next 25 clients the realtor is sending over this year? There is a conflict of interest and it is against your best interests. Go get your own independent lawyer and avoid legal services or legal service referrals from a real estate company. That free corporation may cost you a lot more in the long run. Always have an independent lawyer read any agreement before you sign it or give anyone any money for real estate. We are well aware of the horror stories having handled some of them ourselves when the client came to us after he already did the damage. Please seek out us or another lawyer who is competent to review anything you sign before you pay anything. The laws here are not the same as they are in your home country.

Page 3 of 5 :: First | Last :: Prev | 1 2 3 4 5 | Next