The lawyer community in Panama is one of the largest and best educated in Latin America. Many Panama lawyers have received their education in the United States and are members of the American Bar Association.

With an extremely large offshore banking industry and burgeoning real estate market it is difficult to do business in Panama without a lawyer who really knows the intricacies of the Panama marketplace.

Each lawyer in Panama has their own speciality so when seeking out a professional lawyer to represent your interests be sure to get one that specializes in the type of transactions you are involved with. 

For example, you may need to utilize 3 different lawyers in Panama; one to handle a company formation, one to handle a real estate transaction and a third to solve your immigration / visa issues.


The Legal Environment in Panama

The economic landscape in Panama is changing at warp speed with Panama now seen as the hottest real estate and retirement destination in the world. 

With the US dollar as the local currency foreign investment and offshore banking is at an all time high. 

Panama has cultivated a reputation for strict banking secrecy and strict anti money laundering laws to ensure the integrity and trust in their banking system continues.

Panama Lawyer Quality

In the Republic of Panama only Panamanian citizens may become licensed lawyers with many of the most successful lawyers schooled in the United States since Panama's schools do not have a great reputation for turning out quality graduates.

When seeking out a lawyer in Panama make sure to ask for their credentials and school background.

Legal Services Available in Panama

The principal areas of legal services in Panama are; corporate law, commercial law, immigration and visa law and real estate law.

Corporate lawyers are responsible for creating offshore companies, foundations and trusts for their respective clientele. 

It is also common for a lawyer in Panama to handle; admiralty law, vessels registration as well as other maritime services.  The largest area of law is far and away offshore corporation incorporation.