Can a foreigner buy Panama real estate?

Absolutely. Foreign investors can purchase Titled or Right Of Possession (ROP) properties in Panama without the hassle of opening a bank account. This is due to Panama Law 54, which grants foreign investors the same rights and freedoms as Panamanian natives. Additionally, investors are given the right to dispose of their investment profits and repatriate their interest, dividends, and gains.

The property you have selected to purchase has the potential to serve as your ideal retirement home, an investment property, or a business. Suppose the property is titled and considered "Family Patrimony" (law 66). In that case, you will be eligible for a property tax exemption on the first US$120,000.00 of the property's registered value in the National Registry. You can learn more about this subject by reading our blog on this topic.

Buying properties in Panama is very safe. Over a dozen laws were established specifically to protect foreign investments. Our real estate agents and office attorneys are ready to assist you in your search for your dream property in Bocas del Toro archipelagos, Panama.

Note: Please consult your attorney for the latest legal updates or any changes to the information provided in this article.

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