n the last seven years, developers, investors and retirees have discovered that Panamanian real estate is one of the few sound and profitable investments to be found worldwide. If you want property facing the Caribbean, the Pacific or in the mountains, Panama has a place for you. There are two types of land in Panama - titled and Rights of Possession, and we can help you purchase both. You can easily prepare to buy real estate in Panama by establishing yourself with a Panamanian real estate representative, a Panama International Business Corporation (IBC) and Panamanian Bank Account. The process is inexpensive, fast and easy.

Your real estate services include:

Perhaps best of all is that your offshore bank account is completely legal.

— Complete title search and Due Dilligence conducted through different government institutions, to see if the titled property has any liens, encumbrances, mortgages, taxes or other legal obstacles that can prevent the normal transfer of title (applicable for titled property).
— Review the Sellers' documents.
— Drafting of Promise to Purchase Contract (if necessary).
— Drafting of Buy/Sell Private Contract (if necessary), notarized.
— Drafting of Buy/Sell Contract-Public Deed, notarized.
— Draft Meeting of Shareholders of client corporation, authorizing the purchase.
— Coordinate closing of the transaction, including signatures and payments.
— Registration of the Public Deed (Buy/Sell Contract) at the Public Registry (applicable for title property).
— Transfer of Title at the Public Registry (applicable for title property).
— Necessary Meetings at our office.

Note that the above package fee does not include cost of land, taxes, notarization expenses, registration expenses, or other government expenses that may be required for any transaction.

Why form a Panama International Business Corportation?

Your will want to conduct your purchase through your Panama International Business Corporation (IBC). Panamanian IBCS are recognized as an offshore vehicle of choice for international businesses, asset protection and estate-planning structures for over seventy-five years. This is because Panama enforces some of the strictest banking- and financial-secrecy laws available in the world today. A Panama IBC is the ideal jurisdiction for international investors and businesspersons wishing to buy and secure their land.

Your IBC includes:

— Original Article of Incorporation (Spanish).
— Official English Translation of the Articles of Incorporation.
— Nominees Directors (optional).
— Pre-signed, undated nominee director resignation letters.
— Resident Agent.
— Registered Office.
— Share certificates (bearer, Foundation or any person you designated).
— First Minutes of the Board, whereby the subscribers renounce to one share each.
— General Power of Attorney (notarized & apostille). The person whose appears in the General Power of Attorney will be able to perform any commercial transaction in behalf of the corporation.
— Certificate of Incorporation.

Your Panama Corporate Bank Account.

To complete your real estate purchase, you will want to set up your Panama bank account ($450 additional cost). All accounts are strictly regulated for secrecy and security by the Superintendency of Banks in Panama. Account information is not reported to authorities in jurisdictions outside of Panama.

Your Panama Corporate Bank Account includes:

— USD & Euro currency.
— Online Internet access.
— Check book.
— Corporate credit card (optional).
— Time Deposits (CD).
— English–and Spanish-speaking customer service.

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