How to safely purchase property in Panama as a foreigner
Are you considering purchasing property in Panama as a foreigner?
It's an excellent idea! Here you will find a clear and practical guide to investing, obtaining residency, and securing your future in the most dynamic real estate destination in the region.
Practical guide to purchasing property in Panama as a foreigner
In Panama, foreigners have the same legal rights as citizens to purchase real estate, except in restricted areas near the borders. You can buy as an individual or through a Panamanian company, making the country a growing and attractive real estate destination for international investment or estate planning.
Seek advice from a lawyer specializing in real estate.
Having a real estate lawyer in Panama is not optional; it is a key decision for your protection. Their role includes:
- Verifying the title deed and its legal status.
- Reviewing or preparing purchase agreements.
- Managing registration in the Public Registry.
- Protecting your interests throughout the investment process.
Good legal advice reduces risks and ensures a secure purchase.
Conduct or delegate due diligence before moving forward (due diligence)
Before signing or paying, make sure there are no mortgages, liens, or lawsuits. Verify that taxes and maintenance are up to date and review land use, especially if you plan to rent or build. Due diligence is essential to maximize the profitability and appreciation of your investment.
This step is essential, responsible, and sustainable.
Signing the contract and depositing funds into an escrow account
Once the price has been negotiated, a preliminary sales agreement is signed. Between 5% and 10% of the total value is deposited into an escrow account, managed by the lawyer or trust company. This step ensures transparency and confidence in the transaction for both parties.
Final payment and legal transfer of ownership
- The final payment is made by bank transfer.
- The lawyer then registers the property in your name in the Public Registry.
- The entire process usually takes between 30 and 60 business days, depending on the case.
Immigration options if you plan to reside in Panama
Buying property does not grant automatic residency, but it can help you qualify for immigration programs such as:
- Friendly Countries Visa
- Qualified Investor Visa (from $300,000 in real estate)
- Retiree Visa (Pensioner)
These options make real estate investment a gateway to residency in Panama and a retirement with quality of life.
What if you want to finance the purchase as a foreigner?
Some Panamanian banks offer mortgages to foreigners, although they usually require a minimum 30% down payment, bank references, and translated and authenticated documentation.
This alternative facilitates access to luxury properties and high-yield projects.
Investing in Panama means securing your future, your residence, and your retirement in a privileged destination.
Buying property in Panama as a foreigner is a viable and safe process if you have legal advice and a clear strategy. Whether you want to invest, live, or retire, Panama offers stability, added value, and quality of life. Our team of consultants is ready to guide you every step of the way and help you make the best decision.
“Your investment deserves trust, and in Panama you will find it with us.”
Talk to an advisor now on WhatsApp and receive personalized guidance.
Request a complete guide by filling out our
contact form.
