The Lure Guide Center

If you are in need of legal aid to order the purchase or sale of an asset in Panama we would be happy to serve as your legal representative. Please feel wanting to study on and gather as much data as you possibly can. Our Escrow Service will be more than prepared to respond to your questions should you have any as much data as you can and then feel free to contact an Escrow Service so we can serve you and resolve any inquiries you may have.

Dealing of Land Property Not Situated in Panama - If the non Panama Real Estate is possessed by a Panama Corporation, the sales agreement can be realized through an escrow in Panama by applying the services of an Escrow Service. Escrow agents in Panama can serve escrow arrangements even if the asset being traded is not fixed in Panama as long as the owner is a Panama-located corporation. The shares of the stock, which lets one operate the corporation, would be transmitted. This would give the purchaser control over the assets of the corporation, more specifically in this case the real estate owned by the corporation. The title of the property or the asset does not shift in the country where the property is located since it is the corporation that owns it. What changes is the possession of the corporation. An Escrow Service can further expound this subject to you. It should be noted that ownership of Panama corporations is not recorded in any registry or database, even the government would not know who owns the company. In the case of change of ownership, such an event is not required to be reported.

Sales Agreement of Boats and Nautical Vessels in Panama - The same principles are enforced. The boat is titled to a Panama Corporation and the shares of the corporation transfer hands through the sale with or without an Escrow Service and the new proprietor takes control of the corporation and all its assets, in this case the boat. The enrolment of the boat remains the same since it is still titled to the corporation.