Many customers ask us why we cannot guarantee a bank account for their existing corporation unless they are using our directors?
Many law firms in Panama have opened up accounts for just about anyone who will pay them. The banks have opened accounts for these people, and then something very bad happens, and there is a big mess. For example, there was a scandal here not too long ago where fake drugs were sold by a company registered here in Panama. These fake drugs caused several deaths! People were arrested, including SOME DIRECTORS, and the banks took notice. The banks stopped opening bank accounts for the law firms in question. In fact, the banks know most of law firms here who do offshore incorporation work (often by the nominee directors) and they have stopped opening accounts for law firms who give them questionable clients. Because of this MANY LAW FIRMS NOW ONLY OFFER OFFSHORE INCORPORATION SERVICES because they CAN’T get you a bank account. The corporation they sell you is not worth the paper the articles of incorporation are printed on. Less reputable firms will not tell you this up front, but when you
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