Panamanian Escrow Services
If you are in need of legal aid to order the purchase or sale of an asset in Panama we would be happy to help as your legal representative. Gather as much data as you can and then feel free to get hold of an Escrow Service
so we can help you and answer any interviews you may have.
Sales Agreement of Non Panama Real Estate - If the non Panama Real Estate is possessed by a Panama Corporation, the sale can be accomplished through an escrow in Panama by utilizing the services of an Escrow Service. Escrow agents in Panama can forge escrow agreements even if the asset being sold-out is not settled in Panama as long as the proprietor is a Panama-located corporation. The shares of the stock, which allows one operate the corporation, would be transferred. This would give the buyer control over the assets of the corporation, more specifically in this case the real property possessed 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 ownership of the corporation. An Escrow Service can further define this subject to you. Ownership of Panama Corporations is not registered in any register or database and the government does not know who possesses the corporations. There is also no demand to report switches in ownership to anyone in Panama.
Marine Vessels and Boats - 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 owner gets control of the corporation and all its assets, in this case the boat. The registration of the boat remains the same since it is still titled to the corporation.
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