Foreign Lenders Granting Loans
Foreign lenders are not restricted from granting cross-border loans to companies in Panama.
Foreign Lenders and Granting of Security
The granting of security or guarantees to foreign lenders is not restricted or impeded.
No Restrictions and Controls on Foreign Currency Exchange
Panama does not apply any restrictions or controls regarding foreign currency exchange and does not have a central bank. The US dollar is legal tender in Panama and is pegged one-to-one with the Panamanian balboa.
Learn more in our Banking & Finance Guide prepared by partners Arturo Gerbaud, Eloy Alfaro B., and senior associate Patricia Cordero – Originally published by Chambers & Partners https://bit.ly/3hIhFvr