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If you require legal help to set up the buying or sale of an asset in Panama we would be happy to assist as your legitimate representative. Collect as much information as you can and then feel free to contact an Escrow Service
so we can help you and resolve any queries you may have.

Marketing of Land Property Not Situated in Panama - If the non Panama Real Estate is possessed by a Panama Corporation, the sales agreement can be realized through an escrow in Panama by employing the administration of an Escrow Service. Escrow agents in Panama can work escrow arrangements even if the asset being sold is not fixed in Panama as long as the owner is a Panama-situated corporation. The shares of the stock, which permits one control the corporation, would be shifted. This would give the purchaser control over the assets of the corporation, more specifically in this case the real estate owned by the corporation. The deed of the property or the asset does not switch in the country where the property is located since it is the corporation that possesses it. What shifts is the possession of the corporation. An Escrow Service can further define this topic to you. It should be noted that ownership of Panama corporations is not registered in any register or database, even the government would not know who owns the company. In the event of shift of ownership, such an event is not imposed to be reported.

Sale of Boats and Marine Watercraft in Panama - The same rules are enforced. The boat is titled to a Panama Corporation and the shares of the corporation change hands through the sale with or without an Escrow Service and the new owner gets control of the corporation and all its properties, in this case the boat. The registration of the boat remains the same since it is still titled to the corporation.