The Definitive Guide to Buying Properties in Panama Without Living in the Country in 2025

Introduction

Are you interested in real estate investment in Panamabut you don’t reside in the country? Don’t worry! Buying properties in Panama as a foreigner is a safe and simple process if you know the right steps and have the proper legal and real estate advice..

In this guide, you will discover everything you need to know to buy properties in Panama without living in the country, from the purchase process, legal requirements, to how to manage your real estate investment remotely. If you are looking to invest in real estate in Panama to earn passive income or permanent residency, this guide will help you navigate the process with confidence.

1. Why Invest in Properties in Panama as a Foreigner?

Panama has become one of the most attractive destinations for international real estate investment thanks to its:

• Economic stability and a dollarized economy, providing financial security.
• Tax exemptions and benefits for foreign investors.
• High profitability in vacation and long-term rentals, especially in tourist and urban areas.
• Strategic location in Latin America, with excellent global connectivity through Tocumen International Airport.

Panama offers exceptional opportunities in luxury properties in Panama City, beach real estate in Panama, and properties for sale in Boquete, ideal for those looking to diversify their investment portfolio without needing to live in the country.

2. Legal Requirements for Buying Properties in Panama as a Foreigner

One of the greatest advantages of investing in real estate in Panama is that there are no restrictions for foreigners when purchasing properties. However, it is essential to comply with some legal requirements:

1. Identification and Documentation:
   • Valid passport.
   • Criminal Background Certificate from the country of origin (for immigration procedures).
2. Purchase Agreement:
   • The purchase of properties in Panama is formalized through a Purchase Agreement legalized by a real estate lawyer in Panama.
   • This contract must specify the price, the payment method, and the terms of the sale.
3. Property Registry:
   • The property title must be registered in the Public Registry of Panama, guaranteeing the legality of the purchase.
   • At NL Realty & Legal Services, we have lawyers specialized in real estate legal services in Panama to ensure a transparent and secure process.
4. Payment of Taxes and Notarial Fees:
   • Transfer taxes and notarial fees associated with the purchase must be paid.
   • There are tax exemptions on new properties or under certain investment programs.

3. Real Estate Investment Options in Panama

Panama offers a wide variety of investment options for foreigners who want to buy properties without living in the country. Some of the most popular include:

1. Luxury Properties in Panama City:
   • Exclusive locations such as Punta Pacifica, Costa del Este, and Avenida Balboa.
   • High demand for short-term rentals on Airbnb and similar platforms.
2. Beach Real Estate in Panama:
   • Profitable investments in Coronado, Playa Blanca, and Pedasí.
   • Ideal for vacation rentals with high return on investment.
3. Properties for Sale in Boquete and Mountain Areas:
   • Popular areas among expatriates and retirees, with high demand for long-term rentals.
   • Opportunities in luxury villas, mountain homes, and properties in gated communities.
4. Investment in Panama Pacifico:
   • Special economic zone with tax incentives for foreign investors.
   • Ideal for commercial properties and corporate offices.

At NL Realty & Legal Services, we offer real estate advisory in Panama to select the best investment option according to your financial goals and lifestyle.

4. How to Buy Properties in Panama Without Living in the Country

If you do not reside in Panama, you can buy properties remotely by following these steps:

1. Real Estate and Legal Advisory in Panama:
   • Work with a real estate agency for foreigners in Panama that offers legal advice and comprehensive services.
   • At NL Realty & Legal Services, we offer real estate consulting for expatriates and real estate advisory for Russians, with service in Russian, English, and Spanish.
2. Power of Attorney:
   • You can grant a Power of Attorney to a real estate lawyer in Panama to manage the purchase on your behalf.
3. Virtual Tours and Electronic Signature:
   • Conduct virtual tours of properties and use electronic signatures for purchase agreements.
4. Property Management for Foreigners:
   • If you do not plan to live in Panama, you can hire property management services to handle rentals and maintenance.
   • At NL Realty & Legal Services, we offer property management for foreigners in Panama, ensuring passive income without complications.

Conclusion: Invest in Properties in Panama with Confidence

Buying properties in Panama without living in the country is a profitable and secure opportunity if you have the right legal and real estate advice. With tax incentives, high rental profitability, and a growing real estate market, Panama has become an attractive destination for international real estate investment.

At NL Realty & Legal Services, we offer you comprehensive real estate advisory and specialized legal services in Panama, ensuring a transparent and efficient purchase process.