Panama At Your Service

Real Estate, Residency and Relocation Guide

LAW

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Good legal council is an important part of your investment in Panama. You can start by asking your specific questions here.

Persons and companies of any nationality can own property with the same rights as Panamanian persons and companies. Panama is a global commerical hub and its laws reflect its commitment to foreign investment.

Law 54 on protecting foreign investment in Panama:

LAW N.54

(July 22,1998)

Whereby provisions for the Legal Stability of Investments are adopted.

THE LEGISLATIVE ASSEMBLY

DECREES.

Chapter I

Investment Protection

Article 1. The State promotes and protects investments within the country, in all areas of economic activity established in the Law, and in any enterprise or contractual form in accordance with national legislation.

For the purpose of this Law, an investment is the disposition of capital, in cash or credit facilities, capital goods or transfers of assets designated to the effective production of goods and services, in accordance with activities establishes in article 5 of this Law.

Article 2. Foreign investors and the enterprises in which they participate, have the same rights and duties as national investors and enterprises, with no other limitation than those established in the Political Constitution and the law, including those that refer to the freedom of trade and industry, and export and import.

Furthermore, the freedom to dispose of the profits obtained in their investments, the freedom to repatriate their capital, dividends, interest and profits produced by their investments and the freedom to commercialize their production is guaranteed hereby to said investors.

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