The Republic of Panama is a country with a privileged geographic location: we have access to both oceans, quick connections to both the northern and southern hemispheres, and our official currency makes all kinds of business transactions seamless.
Whether you’re planning to make Panama your new home or simply looking to invest in a second property, citizens from any country can buy real estate here—and you don’t even need to be a legal resident to do so.
In Panama, you can purchase titled property (which is the most recommended) or what’s known as possessory rights. A large portion of land outside the capital remains untitled, meaning the land is technically owned by the government, and what you’re acquiring is the right to possess and use it.
The main difference between titled property and property held by possessory rights is the timeline. A titled property transaction can take 60 to 90 days, while a possessory rights process may take a minimum of three years to complete.
No transaction is finalized without a proper purchase agreement, its registration with Panama’s Public Registry, and the payment of applicable taxes—2% for the transfer of property and 3% capital gains tax.
Once you’ve acquired a property, you can make improvements to it, but all changes must be properly declared to the relevant authorities.
Most importantly, make sure you have the support of a licensed real estate agent and a trusted legal advisor. They’ll walk you through every step of the process so you can confidently secure the property of your dreams.
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