Is it legal for foreigners to buy Panama Real Estate?
Yes, it is totally legal. Foreigners can own titled properties personally. However, for more convenience in asset protection and tax waivers, it is recommended that foreigners hold properties in the name of a Panamanian Corporation. In case of possession rights properties this is obligatory. In such case of holding properties in the name of the corporation the foreign investor becomes a shareholder of the corporation. However, a foreigner may also delegate the status of shareholder to a Panamanian private interest foundation or trust.
