Private Interest Foundation + Bank Account

Why Choose a Foundation with a Bank Account in Panama?

Asset Protection — Secure your assets within a legally protected foundation structure

Integrated Banking — Manage funds through a dedicated corporate bank account

Privacy and Control — Maintain confidentiality with structured governance

International Flexibility — Operate and manage assets globally

The Process

Step 1: Complete KYC and Due Diligence

Provide all required identification documents and complete the verification process.

Step 2: Complete Foundation and Banking Questionnaires

Submit the Panama Private Interest Foundation questionnaire and complete the banking questionnaire with business and financial details.

Step 3: Establish Your Foundation

Foundation is registered and legally established. Define structure, beneficiaries, and governance.

Step 4: Open Your Bank Account

Bank account is opened following approval. Begin managing assets and transactions.

Requirements

Valid Passport — Required for identity verification

Secondary ID — Additional government-issued identification

Bank Reference Letter — From your current banking institution

Proof of Income Tax ID or Employment Letter — Documentation of income source

Proof of Address — Current residential address verification

Completed Panama Private Interest Foundation Questionnaire — Required for foundation registration

Completed Banking Questionnaire — Required for bank account opening

Substitute Beneficiary Passport — Valid passport of substitute beneficiary

Contingency Beneficiary Passport — Valid passport of contingency beneficiary

What's Included

Full Legal Assistance — Guidance throughout the entire process

Foundation Registration — Complete establishment of your Private Interest Foundation

Bank Account Opening — Assistance with corporate bank account setup

Document Preparation and Due Diligence — Support with all required paperwork

Structuring Support — Guidance on foundation and banking setup

Timeline

Milestone	Timeframe
Foundation registration	16 business days after due diligence and completion of all requirements
Bank account opening	Approximately 4 weeks depending on approval

Important Notes

Additional Requirements — Bank may request further information depending on structure

Source of Wealth — Documentation required for banking approval

Compliance — Full due diligence required for both foundation and banking