The investment environment of Panama is guaranteed. It protects the interests of nationals and foreigner investors in accordance with a constitutional mandate and a set of laws that guarantee the security and transparency of real estate transfers.
Buying a land or a building is very safe but the procedures vary according to the type of transfer. It is not the same, for example, buying a property from a third party or doing a transaction between relatives.
Through a transfer deed, whose registration must follow the procedures established by the national legislation, a transferor grants his property rights to an assignee, but that does not guarantee that the property is free of encumbrances.
Hence the need to take precautions so the person or corporation that is buying the property is not compromised in a situation that can cause delays, legal inconveniences and even economic consequences.
The transfer of properties generally derives from different situations, adjusted to different procedures. There are guarantee concession and ownership transfers and there are variants between direct sales, divorces, marriages, property donation and clearing the tittle.
The procedure can be complicated and tedious but a real estate qualified lawyer is prepared to keep up the procedure, step by step, until your property is duly registered in the Public Registry of Panama.
At Candanedo Correa we are a law firm that offers our clients high quality services by providing complete and experienced advice in legal matters. We are known for working under the strictest principles and values of honesty, responsibility and transparency.
Our lawyers combine extensive experience in the areas of Corporate, Commercial, Administrative Law, Insurance, Contracts, Civil Litigation, Criminal Proceedings, Computer Law, Regulatory Law, Migration, Labor Law and other areas related to the commercial and corporate sphere.
We have the best professionals experienced in accounting, tax, insurance and real estate advising to provide a full service in David and Boquete, province of Chiriquí, and Santiago, in the province of Veraguas.
In addition, we are Panamanians; We know Panama and we want to ensure your investment will be successful. Contact us!