Super Ping

If you are in need of legal help to stage the purchase or sale of an asset in Panama we would be happy to assist as your lawful representative. Accumulate as much data as you can and then feel free to contact an Escrow Service
so we can aid you and answer any interviews you may have.

Sale of Real Estate Not Located in Panama - If the non Panama Real Estate is had by a Panama Corporation, the sales agreement can be accomplished through an escrow in Panama by utilising the employment of an Escrow Service. Escrow agents in Panama can forge escrow arrangements even if the asset being sold is not situated in Panama as long as the proprietor is a Panama-situated corporation. The shares of the stock, which permits one control the corporation, would be transmitted. There will be a transference of ownership of the shares of stock and as a consequence, the buyer or the new owner of those stocks now hold control over the corporation’s properties. In this case, the real estate property owned by the organization. The title of the real estate need never change in the other nation since the same corporation possesses the real estate, just the possession of the corporation shifts. Possession of Panama Corporations is not registered in any register or database and the government does not know who owns the corporations. There is also no necessity to report modifications in possession to anyone in Panama.

Nautical Vessels and Boats for Sale - The rules or processes remarked above still practiced to this type of transaction. For a certain boat which is possessed by a Panama corporation, the sale of such belongings can be forged with or without escrow. If applying escrow, it is well to seek the help of an Escrow Service. Once the sale is settled, the new proprietor of course gets control or possession of said belongings. The enrollment of the boat remains the same since it is still titled to the corporation.