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What documentation is normally required for foreigners obtain financing on property in Panama?

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What documentation is normally required for foreigners obtain financing on property in Panama?

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Most banks in Panama that finance foreigners require the following documentation for the applicant(s) of the loan; (1) complete photocopy of passport (2) photocopy of one additional form of ID, such as a drivers license, (3) two original financial reference letters, (4) two original commercial, professional, or personal reference letters, (5) photocopy of utility bill showing physical address, (6) curriculum vitae (7) last 2 years financial statements, (8) last 2 years personal income tax returns, (9) photocopy of property documentation (registered title deed & registered survey), (10) original recent certificate of title deed from the Public Registry, (11) appraisal on the property by an approved appraisal company.

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