Yes, foreigners can buy property in Panama. The Panamanian constitution guarantees the same property rights to foreigners as to Panamanian citizens, so there are no legal restrictions on foreigners buying property in Panama. In fact, Panama has a number of programs and incentives designed to attract foreign investment in real estate.

However, there are some practical considerations that foreigners should keep in mind when buying property in Panama. For example, it is important to work with a reputable real estate agent or lawyer who is familiar with the local market and the legal process for buying property. Foreigners should also be aware of any tax implications and other costs associated with buying and owning property in Panama.

The property can be in the name of an individual or legal entity in Panama. Both Panamanian and foreign citizens can own houses, apartments and land in Panama. If you have a corporation, the property can be in the name of such corporation.

If you are interested in acquiring real estate in Panama and need the advice of a qualified Panamanian lawyer, please let us know.