Panama, a Central American nation known for the ‘Panama Canal’ is a favored holiday destination and trade transit hub. It is also a prominent International trading destination. Panama is also a global banking services hub with many international and local banks offering services to customers. It is the second-largest economy in Central America and one of the fastest-growing in the region.
Panama’s central location, close the major economic hubs of both North and South America make it a preferred destination for High Net worth Individuals from all the countries of the region. For the individual who loves a personalized banking experience, an account in Panama makes it easy to access the bank at a short flying distance without the need for long overseas flights.
On the other hand, Panama has encouraged more individuals to the bank in the country through its regulations which are tax and investor-friendly. The country has also provided tax holidays to promote investment. The country has more than 60 banks whose services you can choose from depending on your needs and your investment requirements.
No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.