Bank Selection

We will work with you to select the most appropriate bank for your financial needs. Banks in Panama offer a myriad of financial services, each with unique strengths and advantages. Cpanama Real Estate Corp. works closely with the most respected banks in Panama to offer streamlined and expedited financial services.

Personal Bank Account

Cpanama Real Estate Corp.'s clients are able to open personal bank accounts in one day providing the following documents are made available to the bank:

  • Copy of passport
  • Two bank reference letters
  • Corporate Bank Account

Cpanama Real Estate Corp. is able to offer its clients corporate bank accounts within one week of application provided the following documents are made available to the bank:

  • Copy of passport
  • Copy of company incorporation papers
  • Copy of past two year's income tax receipts
  • Two bank reference letters
  • Mortgage Pre-Approval

Panama is one of the most secure offshore enters in the world. With over 100 banks from all over the world, financing your recent real estate purchase can be successfully achieved through banks with departments that specialize in providing mortgages to foreign investors. Loans are typically issued at 70% of the cost of the property and can range from 10 to 30 years. Interest rates vary between 6%-7% plus 1% FECI tax.

Cpanama Real Estate Corp.'s bank network approves mortgages within two weeks of applications. For mortgage pre-approval, the following documents are required:

  • Copy of signed purchase and sale agreement
  • Copy of passport
  • Copy of past two year's income tax receipts
  • Two bank reference letters