What is the time frame and cost to obtain permits for developing residential lots in Panama?
The time frame and cost depends on the size of the project, and the region you are developing in. Some projects can take years to obtain permits and cost upwards of US$50,000, others can take as little as 3 months and cost a few thousand dollars. It really depends on the specifics of the project, where it is located, and the impact it will have on the environment. Usually, once the environmental impact studies are approved by ANAM, the other municipal permits are relatively quick.
The time frame and is mainly dependent on the size of the project and the location or region you are developing in. Some projects may take years to obtain permits and cost more than $50,000 while others can take as less as three months and cost only a few thousand dollars. Generally it takes more time to get a permit from ANAM. Other permits which are mostly given from the municipality are normally quicker to get.
