🇵🇦 Panama

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Who can open an account?

Both Panamanian and non-Panamanian residents.
The accounts can be opened for companies and individuals from anywhere except restricted countries (Syria, Iran, Afghanistan, etc.).
Opening bank accounts for non-Panama resident companies and individuals is evaluated on a case-by-case basis.
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While Panama ties are not required, having them will increase the chance of successfully opening an account. This can include local investments, residence, bank accounts or in-country businesses for individuals.

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Do I need to travel to Panama?

Usually yes. However, through our internal VIP contacts and long-term relationship with the bank, we are able to offer the opening process completely remote. Instead of an in-person visit to the headquarters in Panama City, you'll just make a simple Zoom call from wherever you want. We can then ship your card anywhere in the world.

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What do you mean by "Crypto-Friendly" Account?

Banks in countries like Canada or global fintechs like Wise will block or suspend your account if they see any crypto-related transactions.
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If your income or source of funds comes from cryptos, banks in countries like Uruguay won't even open an account for you.
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Have a bank account that allows you to:
- Use cryptos as a source of funds
- Deposit into account directly with cryptos
- Swap between stables and dollars at will
- Transact freely to and from exchanges worldwide
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It is something that is available in few stable tax havens. Usually with much higher deposit minimums.
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For example, in Liechtenstein you need to deposit a minimum of $500,000 CHF.
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This makes the Crypto-friendly account a perfect bridge between the crypto world and the traditional banking world.

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Could I open the Panama bank account with a US LLC (corporate offshore account)?

It is a new feature. We are offering a special price for the 5 people to do it (it will increase 1,000 USD after the first 5). It will take 3 months to open the account. If that's not a problem, you can become one of the founder members of this service.

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Opening a Panama bank account on my personal name. Is it better to use a Dutch passport or a Colombian one for that?

Any passport works fine. There is no major difference between nationalities (if you have multiple).

However, we advice to choose the jurisdiction with fewer ties to Panama (so there's a lower probability of information exchange even if it should not happen without a court request). You never know. At Miquel Gironès Co we always like to prevent as much as possible just in case.

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What's the name of the bank you work with?

It is part of our know-how. We don't disclose the name publicly.

However, you can see all the features and benefits and decide if that fits what you are looking for.

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How Old is the bank?

It is a family bank with 50 years of impeccable reputation in the Panama banking sector.

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How Safe is the bank?

It's been operating for over 10 years.
Our clients move over 6 figures in one transaction and never gave a problem.

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🇬🇧 UK

Time to incorporate

24-48h.

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Can I open online bank accounts right away?

Yes. In 2 days you can already receive money to your new LLP.

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An LLP requires two partners. What if I don't have one?

We'll put one of our LTDs as partner (at 0% ownership).

So you can benefit from the UK LLP structure (potentially 0% tax) and own 100% of the company (and its profits).

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