# Finance and Banking

> Panama is the regional banking and financial hub of Latin America, with a dollarized economy since 1904, territorial tax system, 14 FTAs including USA and EU, and over 50 international banks operating in the country.

[Canonical page](https://investpanama.biz/en/invest/finance)

Panama is the regional banking and financial center, with a dollarized economy since 1904 that eliminates currency risk. The territorial tax system means only income generated within Panama is taxed. With 14 free trade agreements (including USA and EU), over 50 international banks, and free flow of capital with no limits on foreign participation, Panama offers a world-class financial ecosystem.

## Key figures

- **Desde 1904** — Dollarized Economy _(Source: Limestone/Why Panama 2025)_
- **14** — Free Trade Agreements _(Source: MICI ONCI / trade.gov 2025)_
- **50+** — International Banks _(Source: SBP (superbancos.gob.pa) 2026)_

## Opportunities

- **Regional Banking** — Establish banking operations to serve Latin America from Panama.
- **Wealth Management** — Private banking and asset management services.

## Resources

- [Banking Superintendency](https://www.superbancos.gob.pa/)