Areas of Practice | Banking and Finance
Panama has traditionally been known as a sophisticated finance and banking industry, due to its status as an international banking centre of complete dollarization, absence of exchange controls of convertibility, open flow of capitals and economic stability. There has been a large influx of international banks in addition to the domestic ones (www.asociacionbancaria.com). This has generated an important liquidity basket to finance projects and commercial transactions of great extent for the economic development at the national as well as the regional level, and that was combined with a modern internationalized payment and compensation system and modern and sound banking practices of a very competitive nature.
Within this environment, ICAZA, GONZALEZ-RUIZ & ALEMAN has been able to accumulate invaluable expertise that benefits our international and domestic clients. Being sensitive to the domestic legal, regulatory and cultural considerations we are regularly assisting financial institutions that wish to operate from Panama in the following related areas:
- Advise on all regulatory and compliance issues
- Establishment
- Corporate structure
- Capital adequacy
- Registrations
- Licenses for conducting the various types of financial activities and for individuals to practice regulated finance related professions
Our clients include among others commercial and investment banks, multilateral organizations, government agencies, investment houses, accountant firms, insurance companies, fund managers, corporations and trusts.
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