Is there a way to minimize capital gains taxes on property sales in Panama?
The most common strategy that people use in Panama is to hold property in the name of a Panama corporation, and instead of transferring the property to the buyers name upon the sale, the shares of the corporation are sold as a whole to the buyer. Since corporations shares are “bearer shares” and they are not registered, there is no record of the sale. Upon the sale of the shares, the new owner simply changes the board of directors/officers to take control over the corporation.
