Does panama resident Id means nearly impossible to open bank account outside latin America?

[timloveotc]

thinking of getting a second residency, want to choose between paraguay and panama.What fo u guys suggest?

 

[onemansomewhere]

Paraguay is in none blacklist.

 

[Helios888]

It’s not residents that are blacklisted just because they have a residency is it? I always thought it was the institutions that are domiciled in that jurisdiction that are blacklisted by some. I could be mistaken. Please correct me if I’m wrong. I’m also very interested in having the correct information on this

 

[onemansomewhere]

It’s not residents that are blacklisted just because they have a residency is it? I always thought it was the institutions that are domiciled in that jurisdiction that are blacklisted by some. I could be mistaken. Please correct me if I’m wrong. I’m also very interested in having the correct information on this

Every financial institution creates something like internal black list. We are not talking about official blacklists of the countries. Each bank has its own internal blacklist of countries from which they does not accept any client. Does not matter if physical person or company,.

 

[Helios888]

Makes sense. And from your experience, many of them have an internal blacklist that will not accept Panamanian residents?

 

[onemansomewhere]

Makes sense. And from your experience, many of them have an internal blacklist that will not accept Panamanian residents?

Actualy all banks in EU, Australia, New Zealand and many in Asia and Africa...
Paraguay is in absolutely none bank blacklist.

 

[daxbr]

One thing, you still get to choose who you show it to and which one you show.

 

[Helios888]

I’m almost done my Panamanian residency. Hopefully I will be able to use it for opening accounts elsewhere and won’t be completely useless. If anyone has any experience with Panama residency and opening accounts please do let me know