For about a year now, Panama has debated decentralized government. It will use property taxes to assist local city councils in this endeavour. Resistance to change has been very vocal, especially as scaremongering occurred: You will lo... more
Introduction of a new bill on property taxation in Panama, specifically affecting families. more
In order to know how much is owed in real estate taxes, it is recommended to solicit a NIT or Tax ID number. more
Panama has always had a great location geographically, commercially and culturally in Central America. It is considered the hub of the Americas. more
The real estate market in Panama has already seen several years of positive economic growth and it has settled since the housing market boom of 2004-2007. more
Even with the decline, buying property in Panama is still considered a good investment. more
Complete step-by-step guide to buying real estate in Panama. Covers due diligence, promise agreements, taxes, closing costs, and title registration. more
Learn how to sell your property in Panama. Covers exclusivity agreements, transfer taxes, agent commissions, appraisals, and pricing strategies. more
Real estate taxes are paid quarterly in Panama and in order to pay them a Tax ID needs to be assigned. The tax ID is referred to as a RUC which stands for Registro Unico de Contribuyente, or Unique Taxpayer Registry. Every person, corp... more
As the majority of the investors buying in Panama are not residents of the country, the Panamanian banks are easing restrictions on lending to foreigners. As of today non - residents qualify for up to 70% financing of the purchase pric... more
