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Uribe & Asociados, your trusted lawyers in Panama and Colombia.
Real Estate Services:
One of our founding partners arrived in Panama in 1978 and, since then, has witnessed the country’s growth in many areas, particularly highlighting the development of the real estate market. For this reason, he states that there continues to be an opportunity for investors to focus on this sector, which also allows them to define their immigration status in Panama through the purchase of a property.
Over time, we have been guiding investors and developers who bet on this sector. Uribe & Asociados has the experience and the human resources to advise you in purchasing the property you are looking for.
Our team holds a real estate broker license issued by the Technical Board of the Ministry of Commerce and Industries of Panama. Undoubtedly, we are capable of providing support in:
- Real estate investments and project development.
- Negotiation of the property and profitability.
- Drafting of purchase agreement contracts.
- Assistance with the payment of property transfer tax and capital gains.
- Property analysis and personalized guidance throughout the entire process of registering the property with the Public Registry of Panama.
As part of our comprehensive service, we collaborate with architect Marco Antonio Prado Paz, whose experience in the design, planning, and evaluation of architectural projects allows us to provide our clients with a more complete vision when developing or investing in this field, guaranteeing legal soundness and professional architectural advice for their investment.
More Information on Real Estate
We provide comprehensive advice to ensure that your real estate transactions are secure.
We protect your investment through the drafting of contracts that guarantee the validity and success of your investment.
We thoroughly verify the real estate property subject to purchase and accompany you until your real estate investment is completed.
FAQ
The law establishes a real estate transfer tax of two percent (2%), calculated based on the registered cadastral value or the sale price of the property, whichever is higher. The other tax corresponds to capital gains. This can be calculated by paying ten percent (10%) of the gain obtained between the purchase and sale value. Another option is to pay three percent (3%) of the sale price or the cadastral value, whichever is higher.
Yes, it is possible. By investing the sum of 300,000.00 balboas in a property and meeting other legal requirements, you can apply for a permanent resident permit through real estate investment. Additionally, it opens the door to applying for Panamanian citizenship after a certain period.
In the real estate sector, the sales commission of a real estate broker is regulated and equals five percent (5%) of the property’s sale price, which is paid by the seller.