Panama is one of the world’s main banking centers. This claim is backed up by the representation of more than 100 well known national and international banks established in our country. Decree-Law Number 9 of 1998 created the Bank Superintendence and reformed the Banking regime, as an effort from National Government to hold Panama’s position as a world leader on matters of banking services, keeping track of the latest trends on international agreements.

Panama’s banking center offers local and foreign investors a great deal of advantages, because of its experience and long path on bank matters, such as having one of the worlds best banking secrecy laws and updated international treaties on money laundry and other illicit financial activities. Reason why Panamanian banking center is recognized as one of the most transparent and credible in the world.

Our Firm is characterized for providing consultancy on issues related to complex banking operations at the different banking control institutions, such as the Panamanian Bank Superintendence. KOSMAS & KOSMAS also provides consultancy to both national and international Banking Institutions, with their day to day activities, such as Banking Licenses, Merges and acquisitions between banks, inter-bank agreements, the constitution of trust funds, organization and establishment of foreign and domestic banks operating under General, International and/or Representation licenses.

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