Frequently Asked Questions
How can I buy property in Panama as a foreigner?
How can I buy property in Panama as a foreigner?
Buying real estate in Panama is straightforward for foreigners, as the country allows full ownership (fee simple) in most of its territory. Only certain specific coastal and border zones are restricted. To purchase a property, you should:
Choose the property (residential, commercial, or investment).
Sign a promise of sale agreement.
Open a bank account in Panama (optional but recommended).
Complete legal due diligence with an attorney.
Sign the public deed before a notary and register it with the Public Registry.
At DOZE & CO Real Estate, we offer comprehensive legal and commercial advisory services to ensure a safe and smooth property purchase in Panama.
What are the taxes and costs when buying real estate in Panama?
What are the taxes and costs when buying real estate in Panama?
The costs of purchasing real estate in Panama include:
Transfer tax (2% of the sale or cadastral value).
Notary and registration fees (usually 0.5%–1% of the value).
Legal fees (typically 1%–2%).
For new properties, there is often a property tax exemption on improvements for 5, 10, or 20 years. Additionally, Panama offers competitive property tax rates (0%–1% based on the cadastral value).
At DOZE & CO Real Estate, we break down all real estate costs in Panama so you can make informed decisions.
Is Panama a good place to invest in real estate?
Is Panama a good place to invest in real estate?
Yes. Panama is a leading destination for real estate investment in Latin America thanks to:
Stable economic growth
The U.S. dollar as its official currency
Tax incentives for foreign investment
High demand in sectors such as luxury residences, vacation rentals, commercial properties, and logistics
Cities like Panama City, Playa Bonita, Coronado, and Pedasí offer unique investment opportunities.
At DOZE & CO Real Estate, we connect investors with premium properties in Panama, backed by legal support and personalized guidance.
What types of properties can I buy in Panama?
What types of properties can I buy in Panama?
In Panama, you can purchase:
Luxury apartments in the city
Beachfront homes
New pre-construction projects
Residential or commercial lots
Commercial properties (retail spaces, offices, warehouses)
Tourism developments
Our portfolio at DOZE & CO Real Estate includes exclusive properties in Panama City, Costa del Este, Casco Viejo, and sought-after beach areas.