What fees are involved in buying property in Panama?

Transfer Tax: ~2% of value or sale price; Notary Fees: 0.25% to 0.50% of property value; Registration Fees: ~0.25% of property value; Legal Fees: 1% to 2% of property value

How long does it take to buy property in Panama?

Offer and Acceptance: 1-2 weeks; Due Diligence: 2-4 weeks; Final Sales Contract and Registration: 4-6 weeks

What do I need in order to buy property in Panama?

Identification (required) — Valid passport; Tax Identification Number (RUC) (required) — Required for tax purposes; Bank Account (required) — Recommended for transaction purposes; Restrictions (required) — Foreigners cannot own property near borders or on certain islands

Buying property in Panama

In Panama, purchasing property involves a structured legal process requiring due diligence and contract registration. Buyers should expect to budget approximately 3–5% of the property's value for additional fees and taxes beyond the sale price.

Property buying processes in Panama can vary regionally and are subject to periodic updates.

Confirm all steps and costs with a qualified local attorney to ensure compliance with current regulations.

General guidance only — confirm specifics with a qualified local lawyer or tax adviser.

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