Who can purchase property in Panama?
Any foreigner can own a property in Panama, under the same laws as if you were a Panamanian citizen. You can do it under your personal name, or under an established corporation. For financing the property, the process is very similar to the one in the US. Since the U.S. dollar as national currency in Panama, you will get the same financing rates as you would in the States. movewithus international will guide though all the process of acquiring the mortgage, from the time you buy until we deliver the property. Currently new properties have a 20 year exoneration period, were you don’t have to pay any kind of property tax. This was established by the government as an incentive for national and foreign investments.
