In Panama, it is essential to register all permanent improvements or constructions made to your property. Failure to do so, may result in fines or penalties imposed by the relevant authorities.
What types of improvements must be registered?
Any permanent structure built on a property must be declared and registered within six months from the issuance date of the Occupancy PermitThis includes expansions, renovations, or any construction that alters the property's original structure.
How can you verify if improvements are registered?
If you're considering purchasing property in Panama and want to ensure that any improvements have been properly registered, a specialized attorney or a licensed real estate agent can help you verify whether the improvements have been recorded in the Public Registry (Registro Publico de Panama) before you make a purchase decision.
How do you register improvements on your property?
To register improvements, you must file a public deed along with the following documents:
- Approved construction plans
- Building permit.
- Property’s occupancy permit
Registering improvements is not only a legal requirement—it also ensures that your investment is formally recognized, protecting you from potential legal or valuation issues in the future.
If you have questions about this process, don’t hesitate to reach out to one of our specialized attorneys. We’re here to guide you and ensure full compliance with current regulations.
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