If you are in need of legal assistance to stage the buying or sale of an asset in Panama we would be prepared to aid as your legitimate representative. Accumulate as much information as you can and then feel free to contact an Escrow Service
so we can serve you and resolve any questions you may have.

Dealing Non-Panama Land Property – If the non Panama Real Estate is possessed by a Panama Corporation, the sale can be established through an escrow in Panama by employing the administration of an Escrow Service. Escrow agents in Panama can process escrow agreements even if the asset being sold-out is not fixed in Panama as long as the owner is a Panama-situated corporation. The shares of the stock, which lets one moderate the corporation, would be changed. There will be a transmittal of possession of the shares of stock and as a result, the purchaser or the new proprietor of those stocks now hold control over the corporation’s properties. In this case, the real estate property possessed by the corporation. The deed of the property or the asset does not shift in the country where the property is located since it is the corporation that owns it. What changes is the ownership of the corporation. An Escrow Service can further explain this subject to you. Ownership of Panama Corporations is not recorded in any registry or database and the government does not know who owns the corporations. There is also no requisite to report changes in possession to anyone in Panama.

Marine Watercraft and Boats – The rules or procedures remarked above still practiced to this type of transaction. For a certain boat which is owned by a Panama corporation, the sales event of such property can be served with or without escrow. If using escrow, it is optimal to seek the help of an Escrow Service. Once the sale is nailed down, the new proprietor of course gets control or ownership of said belongings. The enrollment of the boat stays the same since it is still titled to the corporation.