Home > Jurisdictions > Global Jurisdictions > Panama

• Full Name:  Republic of Panama
• Geographical Area: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
• Terrain and Climate:  interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
• Population: 3,309,679 (July 2008 est.)
• Ethnicity:  Mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6%
• Capital: Panama
• Government:  Constitutional democracy, chief of state: President Martin Torrijos Espino (since 1 September 2004); First Vice President Samuel Lewis Navarro (since 1 September 2004); Second Vice President Ruben Arosemena Valdes (since 1 September 2004); note - the president is both the chief of state and head of government
• Major Languages: Spanish (official), English 14%; note - many Panamanians bilingual
• Major Religion: Roman Catholic 85%, Protestant 15%
• Life Expectancy: 76.88 years
• Monetary Unit: Balboa (PAB) and US dollar (USD)
• Exchange Controls and Taxation:  None for Foreigners
• Stamp Tax:  None
• Main Exports: (goods)--$9.3 billion: bananas, petroleum products, shrimp, sugar, coffee, and clothing.
• Compulsory Education:  free for 11 years beginning at age 5
• GDP: $10,300 (2007) per capita
• Annual Growth Rate: 11.2%
• Major Industry:  construction, brewing, cement and other construction materials, sugar milling
• Communication:  Broad-spectrum estimation: domestic and international facilities well developed domestic: combined fixed-line and mobile-cellular telephone density is approaching 70 per 100 persons
• Internet - .pa
• International dialing code:  1 + 507
• Known as “tax-haven” for qualified entities
• Number of Banks:  About 150
• Head of State:  President--Martin Torrijos
• Radio:  AM 101, FM 134,
• Television:  38 (including syndication) (1998)
• Time Zone: UTC - 5
• Airport:  54 with paved runways
• Bank List – Partial List

Algemene Bank Nederland N.V. Sucursal Panarna (Hollland)
Banco Bilbao (Panama), S.A. (Spain)
Banco Central, S.A. (Spain)
Banco Comercial Antioqueño, S.A. (Colombia)
Banco Comercial de Panama, S.A. (BANCOMER) (Panama)
Banco Continental de Panama, S.A. ( Panama)
Banco de Bogotá, S.A. (Colombia)
Banco de Iberoamérica, S.A. (Multinational)
Banco de Latinoamérica, S.A. "BANCOLAT" (Panama)
Banco del Comercio, S.A. (Colombia)
Banco del Istmo, S.A. (Panama)
Banco DISA, S.A. (Panama)
Banco do Brasil, S.A. (Brasil)
Banco Exterior, S.A. (Spain)
Banco Ganadero, S .A. (Colombia)
Banco General, S.A. (Panarna)
Banco Industrial Colombiano de Panama, S.A. (Colombia)
Banco Internacional de Costa Rica, S.A. (Costa Rica)
Banco Internacional de Panama, S.A. "BIPAN" (Panama)
Banco Latinoamericano de Exportaciones, S.A. "BLADEX" (Multinational)
Banco Panameño de la Vivienda (Panama)
Banco Panamericano, S.A. "PANABANK" ( Panama)
Banco Santander Panama, S.A. (Spain)
Banco Unión, C.A.-Sucursal Panama (Venezuela)
Bank Leumi Le-lsrael B.M. (Israel)
Banque Nationale de Paris "Panama", S.A. (France)
Chase Investment Bank "Panama", S A. (U.S.A.)
Citibank N.A. (U.S.A.)
Citicorp Intemationa; Bank, S.A. (U.S.A.)
Deutsch Sudamerikanische Bank, A.G. (Germany)
Korea Exchange Bank (Korea)
Lloyds Bank, P.L.C. (United Kingdom)
Merchant National Bank (U.S.A. )
Multicredit Bank Inc. (Panama)
Primer Banco de Ahorros, "PRIBANCO" (Panama)
State Bank of India (India)
The Bank of Nova Scotia (Canada)
The Bank of Tokyo, Ltd. (Japan)
The Chase Manhattan Bank, N.A. (U.S.A.)
The Dai-lchi Kangyo Bank, Ltd. (Japan)
The First National Bank of Boston (U.S.A.)
The Hong Kong and Shanghai Banking Corporation Limited (Hong Kong)
The Mitsui Taiyo Kobe Bank, Ltd. (Japan)
The Sanwa Bank, Ltd. (Japan)
The Sumitomo Bank, Ltd. (Japan)

 

 

 

Panama

• Full Name:  Republic of Panama
• Geographical Area: Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Colombia and Costa Rica
• Terrain and Climate:  interior mostly steep, rugged mountains and dissected, upland plains; coastal areas largely plains and rolling hills tropical maritime; hot, humid, cloudy; prolonged rainy season (May to January), short dry season (January to May)
• Population: 3,309,679 (July 2008 est.)
• Ethnicity:  Mestizo (mixed Amerindian and white) 70%, Amerindian and mixed (West Indian) 14%, white 10%, Amerindian 6%
• Capital: Panama
• Government:  Constitutional democracy, chief of state: President Martin Torrijos Espino (since 1 September 2004); First Vice President Samuel Lewis Navarro (since 1 September 2004); Second Vice President Ruben Arosemena Valdes (since 1 September 2004); note - the president is both the chief of state and head of government
• Major Languages: Spanish (official), English 14%; note - many Panamanians bilingual
• Major Religion: Roman Catholic 85%, Protestant 15%
• Life Expectancy: 76.88 years
• Monetary Unit: Balboa (PAB) and US dollar (USD)
• Exchange Controls and Taxation:  None for Foreigners
• Stamp Tax:  None
• Main Exports: (goods)--$9.3 billion: bananas, petroleum products, shrimp, sugar, coffee, and clothing.
• Compulsory Education:  free for 11 years beginning at age 5
• GDP: $10,300 (2007) per capita
• Annual Growth Rate: 11.2%
• Major Industry:  construction, brewing, cement and other construction materials, sugar milling
• Communication:  Broad-spectrum estimation: domestic and international facilities well developed domestic: combined fixed-line and mobile-cellular telephone density is approaching 70 per 100 persons
• Internet - .pa
• International dialing code:  1 + 507
• Known as “tax-haven” for qualified entities
• Number of Banks:  About 150
• Head of State:  President--Martin Torrijos
• Radio:  AM 101, FM 134,
• Television:  38 (including syndication) (1998)
• Time Zone: UTC - 5
• Airport:  54 with paved runways
• Bank List – Partial List

Algemene Bank Nederland N.V. Sucursal Panarna (Hollland)
Banco Bilbao (Panama), S.A. (Spain)
Banco Central, S.A. (Spain)
Banco Comercial Antioqueño, S.A. (Colombia)
Banco Comercial de Panama, S.A. (BANCOMER) (Panama)
Banco Continental de Panama, S.A. ( Panama)
Banco de Bogotá, S.A. (Colombia)
Banco de Iberoamérica, S.A. (Multinational)
Banco de Latinoamérica, S.A. "BANCOLAT" (Panama)
Banco del Comercio, S.A. (Colombia)
Banco del Istmo, S.A. (Panama)
Banco DISA, S.A. (Panama)
Banco do Brasil, S.A. (Brasil)
Banco Exterior, S.A. (Spain)
Banco Ganadero, S .A. (Colombia)
Banco General, S.A. (Panarna)
Banco Industrial Colombiano de Panama, S.A. (Colombia)
Banco Internacional de Costa Rica, S.A. (Costa Rica)
Banco Internacional de Panama, S.A. "BIPAN" (Panama)
Banco Latinoamericano de Exportaciones, S.A. "BLADEX" (Multinational)
Banco Panameño de la Vivienda (Panama)
Banco Panamericano, S.A. "PANABANK" ( Panama)
Banco Santander Panama, S.A. (Spain)
Banco Unión, C.A.-Sucursal Panama (Venezuela)
Bank Leumi Le-lsrael B.M. (Israel)
Banque Nationale de Paris "Panama", S.A. (France)
Chase Investment Bank "Panama", S A. (U.S.A.)
Citibank N.A. (U.S.A.)
Citicorp Intemationa; Bank, S.A. (U.S.A.)
Deutsch Sudamerikanische Bank, A.G. (Germany)
Korea Exchange Bank (Korea)
Lloyds Bank, P.L.C. (United Kingdom)
Merchant National Bank (U.S.A. )
Multicredit Bank Inc. (Panama)
Primer Banco de Ahorros, "PRIBANCO" (Panama)
State Bank of India (India)
The Bank of Nova Scotia (Canada)
The Bank of Tokyo, Ltd. (Japan)
The Chase Manhattan Bank, N.A. (U.S.A.)
The Dai-lchi Kangyo Bank, Ltd. (Japan)
The First National Bank of Boston (U.S.A.)
The Hong Kong and Shanghai Banking Corporation Limited (Hong Kong)
The Mitsui Taiyo Kobe Bank, Ltd. (Japan)
The Sanwa Bank, Ltd. (Japan)
The Sumitomo Bank, Ltd. (Japan)