Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is it safe to buy shares of a Panamanian corporation which holds title to property in Panama?

April 26, 2017buy corporation holds panama panamanian Property safe Shares title

0

Posted

Is it safe to buy shares of a Panamanian corporation which holds title to property in Panama?

1 Answer

0

Posted

As long as proper due diligence is done on the corporation and a proper title search is done on the property held by the corporation, then it is generally safe to buy property this way in Panama. It is important to enlist a qualified attorney to handle the due diligence and ensure that the corporation does not have any pending debt or liability (other than that established in the contract) and indemnify the buyer from that liability. The attorney will ensure that the seller is responsible for any liability for previous actions of the corporation and/or its directors, and that you, the buyer, is purchasing 100% of the corporation’s shares as well as 100% of the property title.