How to Apply and Requirements Explained
Types of Bank Licences in Panama
Bank Licences in Panama are essential for those seeking to establish financial institutions in the region. Panama has established itself as a top-tier financial center in Latin America, attracting capital from around the world thanks to its economic stability and the strength of its banking system.
If you’re wondering how to obtain a banking license in Panama, it’s important to know that there are different types of licenses depending on the nature and scope of the operations you intend to carry out.
The most well-known are the General License (Class A), which allows for operations both inside and outside the country, and the International License (Class B), focused on operations from Panama to abroad. There is also the Representative Office License, ideal for international banks that want to have a presence in Panama without conducting local transactions.
One of the most important requirements is the minimum capital, which ranges from $3 million to $10 million, depending on the type of license. In addition, detailed information is required regarding shareholders, directors, the bank’s organizational structure, the source of funds, and a well-defined business plan.
While the process may seem complex—and indeed, it is—with the right legal guidance, it is entirely achievable.
Are you interested in establishing your own bank in Panama?
At B&CO Legal, we have the experience and expertise to guide you through every step of the process. From preparing documentation to presenting your application before the Superintendency of Banks, our team is ready to help turn your project into reality.
Understanding the different types of Bank Licences in Panama helps you choose the right one for your goals.
The process to apply for Bank Licences in Panama requires detailed documentation and strategic planning.
Contact us today and discover how we can help you open the doors to your own bank in Panama.
