Bank in Panama for BVI company

[Offshr]

Hello everyone,
I am planning to set up a BVI structure with the USD bank account in Panama.

Does anyone can advise good banks there?
What requirements in Panama they have to open an offshore account?

Thanks in advance

 

[MagicMatt]

MMG Bank in Panama.

 

[Ann1892]

MMG Bank in Panama.

Hi can you please help with a point of contact at MMG Bank in Panama? They are not replying with one mentioned on their website.

 

[SCHLOSSFINANZ]

they are only taking clients by referal. Speak to the law firm Morgan & Morgan to get intro

 

[Ann1892]

they are only taking clients by referal. Speak to the law firm Morgan & Morgan to get intro

Thank you.

 

[Davis123]

We are Official Bank Introducers for MMG Bank. Sent you a PM.

What's the balance requirements for this bank? I am trying to open up an LLC to open up a bank account with it and trade forex in my personal broker with this LLC and bank account. No one is interested except bank in Dominica or possibly carribean. Not worthwhile for me.

 

[Davis123]

They request $5.000 USD as a initial deposit.

LLCs face quite a lot of difficulties with bank account openings. Feel free to reach out to discuss further.

But the reputable banks and jurisdictions don't want to do anything with forex since they consider it as gambling. I have no problems with initial deposits in the bank if the bank is reputable. As per my CPA we can do an IBC too.

 

[DomOCT]

LLCs face quite a lot of difficulties with bank account openings. Feel free to reach out to discuss further.

LLCs in which jurisdictions?

 

[Protect Your Wealth]

LLCs in which jurisdictions?

I am referring to US LLCs specifically

 

[DomOCT]

Thanks for the reply. Makes sense.

 

[Davis123]

I am referring to US LLCs specifically

For me US LLC is unacceptable. My brokers don't want anything to do with US LLC and bank accounts in USA owned by a US citizen overseas.

 

[Offshr]

Can anyone reccommend a good broker for BVI or Panama company?