Obtaining an E-Money License in Panama

Obtaining money services license in Panama can be a very difficult task, the solution of which is better to entrust to specialist.

Only after obtaining a special financial license (Monney Services License), a legal entity has the right of electronic money issuing and provide services related with this.
Thanks to the developed economy, Panama is a large international financial center.

IT OFFSHORE company provides services for the company registration, opening a bank account, and also renders assistance in obtaining a license in compliance with all the requirements.

Our service package includes the following:

• Payment of government fee for company registration in Panama;
• Registered address in Panama;
• Government licensing fee;
• Registered agent services;
• Delivery of documents to the requested address.

Stages of obtaining a license:

Company Registration (at least 1 director and 1 shareholder, one of whom must have accounting/bookkeeping background, local registered office). Completing the forms and applying to the Financial Services Commission in Panama with a request for obtaining Money services licence.
Payment of government fees for filing a license application and licensing fee.
In the event of registration approval one can successfully obtain a license.

Cost:

1.

Company registering in Panama and first year of service, including:

• state payment
• registered agent services
• legal address
• preparation of constituent normative documents

2.
License obtaining:

• state payment
• registered agent services

Assistance in preparing a business plan and filling AML

The sum includes:

• Expenses incurred during company registration
• Providing a registered address
• Government fee for license renewal
• Registered agent services
• Support during the entire license registration procedure from the moment of documents submission to the Commission up to obtaining a license.
• Setting up a package of documents for obtaining a license
• Delivery of documents to the requested address

Personnel requirements:

Minimum of one director and one shareholder.
For company registration with the right to receive money services licence director or shareholder must have accounting/bookkeeping background, high level of educational and good professional reputation.

Office Requirements:

Locally registered office is required for company establishment in Panama.

Registered Capital Requirements

To register a company with a brokerage license in Panama the minimum amount of registered capital from $ 50 000.

For more information, please consult our specialist.