One of the mainstays in the offshore industry has been the Panama Incorporation. Panama is now officially what Switzerland used to be and it seems that things are not going to change any time soon. A Panama Company offers a basic level of protection as well as unparalleled flexibility when investing and conducting financial business involved. Current regulations in Panama allow companies to undertake a wide variety of financial services, provide easy to obtain licensing as well as the ability to invest on a personal and corporate level. A Panama Offshore Account has become a bit more difficult to obtain over the years due to the strict regulations in place by the Panamanian government. It is still possible to obtain a bank account in Panama but the requirements are greater and the length of time required to complete the account opening procedure is a little longer than what it was just 3 years ago. Even though a bank account is now more difficult to obtain, Panama Offshore Banking still offers privacy and security as well as flexibility. Panama now has over 5000 local banks, international banks, and financial institutions licensed in the country. The financial industry is at an all time high and due to the ease of incorporation as well as the overall banking secrecy in the jurisdiction, it will continue to flourish and set precedents in the offshore and international financial industry.