Panama Escrow Services

Introduction - Many of our clients are in need of anSelling Your Business Using a Panama Escrow ? This is
escrow based in Panama to buy or sell an asset. Ina way to easily get business sale proceeds into a
Panama unlike other countries, lawyers are notPanama Corporation or Foundation. Have the
allowed to run escrows themselves. The services ofownership of the business transferred to a Panama
a licensed entity able to lawfully open, manage andCorporation or Foundation before the sale.
successfully close an escrow would be used. PanamaRemember the Panama Corporation can be owned
Legal Law Firm would be representing you as theby a Panama Foundation thus removing you from
buyer or seller and protect your interests in thebeing the owner of the corporation. Under Panama
transaction and at close of the process.Law no one owns a foundation so even though you
Sales Contracts - Our law firm can create themight be a foundation beneficiary or a foundation
required sales contracts compliant with the Laws ofprotector you are never going to be the owner of a
Panama. These contracts re incorporated into thePanama foundation. You can control the corporation
escrow instructions. We follow the escrow everyand foundation through a general power of attorney
step of the way to make sure you get what isand a general management agreement if needed. The
agreed upon.Panama escrow deposits the funds into your Panama
Escrow Instructions - We generate full and completeBank Account belonging to the Panama Corporation
escrow instructions assuring you of a fully protectedor Foundation, which you are not the owner of but
position during and after the escrow process.you do sign on the bank account. A check of
Non- Escrowed Asset Sales - This is possible if thePanama public records would not reveal that the
buyer and seller are friendly. Some basiccorporation changed owners.
precautionary measures can be taken but it does notSale of Non Panama Real Estate - If the non Panama
provide the protection of an escrow but there areReal Estate is owned by a Panama Corporation the
some things that can be done if the buyer and sellersale can be accomplished through an escrow in
are cooperative and not on adversarial terms.Panama. The shares of the stock, which lets one
Corporate Owned Assets - In some instances acontrol the corporation, would be transferred. This
Panama Bearer Share Corporation owns the asset towould give the buyer control over the assets of the
be sold. In such cases one is merely transferring thecorporation, more specifically in this case the real
stock in the corporation, which allows the buyer toestate owned by the corporation. The title of the
then control the corporation, and of course in turnreal estate need never change in the other country
they get control and/or possession of the asset.since the same corporation owns the real estate,
Foundations and Escrows - A Panama Privatejust the ownership of the corporation changes.
Interest Foundation can of course buy or sell assetsOwnership of Panama Corporations is not recorded in
using an escrow or not using an escrow, as well. Aany registry or database and the government does
Panama Foundation is a judicial person and as suchnot know who owns the corporations. There is also
has the right to own, control, buy or sell its ownno requirement to report changes in ownership to
assets which are separate from private individualsanyone in Panama.
assets even though the private individual in questionSale of Boats and Marine Vessels in Panama - The
may be a foundation beneficiary or foundationsame principles apply. The boat is titled to a Panama
protector.Corporation and the shares of the corporation
Real Estate Escrows - Most Panama real estatechange hands through the sale with or without an
transactions are conducted through the use of anescrow and the new owner gets control of the
escrow. Guarantees of clear title are one componentcorporation and all its assets, in this case the boat.
of the escrow. We are quite well versed with realThe registration of the boat stays the same since it
estate escrow transactions and would be happy tois still titled to the corporation.
take you through the real estate sale or purchaseIf you are in need of legal assistance to arrange the
experience from start to finish. We do not representpurchase or sale of an asset in Panama we would be
any real estate seller or developers and do not haveglad to assist as your legal representative. Please feel
any conflict of interest; we represent you and youfree to inquire.
alone.