The Panamanian banking center, originally created in 1970, has recovered its place among prime offshore banking centers in the Americas. The privileged location and business climate of the country, as well as the competitive services provided by its banks, continues favoring investors of all countries. Law Decree No.9 of 1998 regulates the banking system and created the Superintendency of Banks as a regulatory agency of the banking business. This allows for the possibility of establishing a branch bank organized under the corporation laws of Panama.
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