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