Corporate Certificate of Deposit
Right for you if:
You are interested in deposits for a specific time period that accrue interest
You want them to be renewable, either automatically or upon instruction
Corporate Certificates of Deposit are monetary instruments for a specific period of time that accumulate interest. Interest on the certificates will be payable as agreed with the customer.
The Certificate of Deposit can be renewed automatically at the current rate or upon instruction received three (3) days before the expiration, according to the conditions specified at the time of its opening.
Earn a competitive interest rate
Enjoy security and flexibility
Obtain a stable rate of return
Minimum opening balance of $10,000, as established by Republic of Panama law
Terms for deposits from one (1) to thirty six (36) months
The interest rate changes according to the amount and the term
Copy of the Articles of Incorporation and copy of the Single Tax
Two (2) forms of personal ID of the managers, signers, and shareholders (both with photo)
Three (3) of the corporation's and shareholders' banking references
Corporate Certificate of Deposit contract