A foreigner can minimize capital gains taxes on property sales and a strategy that people use in Panama is to hold property in the name of a Panama corporation. Instead of transferring the property to the buyers name upon the sale the shares of the corporation are sold as a whole to the buyer. Upon the sale of the shares, the new owner simply changes the board of directors/officers to take control over the corporation.
Non residents are allowed to purchase and own property, with the same rights of Panamanians.
When you are ready to buy simply contact our office and request a copy of our reservation agreement or the English contract or simply click on the links to download them now.
The deposits are as follows 10% on signing, 2nd deposit - 15% 30days after signing and a 3rd deposit - 15% 60 days after signing and then the balance on closing.
For more of our properties, check out our website at Connectiontopanama.com