Numbered accounts in Panama

[id62000]

Originally Posted by kongsiwang

Any one knows...What is the minimum amount required to open bank account in Panama?????

Usually you'll have to make a $1000 initial deposit , does not include the fees. The fee will be around $1000. After your account is open, you will be expected to make a deposit of $1000 or more within a few months.

[Azurete]

Originally Posted by nuaeman

Apparently Panama is known for its offshore business and such, their main currency is the US dollar itself. I wonder how much would we need to open one account there?

For commercial accounts, $1,000.00. you need a Panama corporation and authenticated documents.