Panama has excellent lawyers that are both locally and internationally trained, as well as competent professionals in economics, finances, banking, etc.
Incorporation of Panama companies and the constitution of private foundations as well as any other legal services, can be obtained through very competent attorneys quite swiftly and without a lot of red tape.
Most of the large international auditing and consulting firms are locally established. Several brokerage firms are also established in Panama.
Major international banks from all over the world, as well as solid local banks, provide a host of financial services.
The official language of Panama is Spanish, but English is widely used.
Most business persons and professionals as well as office personnel in the two principal cities (Panama and Colon) are bilingual.