{"id":8497,"date":"2023-02-06T17:03:52","date_gmt":"2023-02-06T17:03:52","guid":{"rendered":"https:\/\/www.frapan-invest.com\/?p=8497"},"modified":"2026-01-21T18:08:39","modified_gmt":"2026-01-21T18:08:39","slug":"closing-costs-in-panama","status":"publish","type":"post","link":"https:\/\/www.frapan-invest.com\/en\/closing-costs-in-panama\/","title":{"rendered":"Closing Costs in Panama"},"content":{"rendered":"\n<p><strong>What additional costs should you expect when buying a property in Panama? With our report we would like to give you an overview of the costs when buying a property in Panama. In addition, we show you the ongoing monthly costs.<\/strong><\/p>\n\n\n\n<h4 class=\"wp-block-heading\" style=\"text-decoration:underline\"><strong>Closing Costs in Panama<\/strong>:<\/h4>\n\n\n\n<p>What are the incidental costs of buying real estate in Panama? We would like to give you a brief overview of the costs involved in buying real estate in Panama.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>As a rule, the <strong>legal, notary and land registry costs<\/strong> in Panama together are approx. 6.000 USD (calculated for a 400.000 USD property \/ depending on property value).<\/li>\n\n\n\n<li>The buyer usually pays the notary and land registry costs in Panama. The lawyer&#8217;s fees are borne by each party.<\/li>\n\n\n\n<li>There is <strong>NO land acquisition and inheritance tax<\/strong> in Panama.<\/li>\n\n\n\n<li>Any <strong>broker&#8217;s commission<\/strong> (usually 3-5%) is paid by the seller.<\/li>\n\n\n\n<li>For the purchase of a property in Panama it is advisable to apply for a <strong>payment cheque<\/strong> at your bank in Panama in order to handle the transfer of ownership in a legally secure and risk-free way. The fee for a payment cheque is 0.25% &#8211; 1% depending on the bank.<\/li>\n\n\n\n<li>The buyer <strong>does not pay taxes<\/strong> when buying a property in Panama.<\/li>\n\n\n\n<li>The <strong>seller<\/strong> pays a sales tax of 2% and a capital gain tax of 10% (on the profit). Click here for more information on <a href=\"https:\/\/www.frapan-invest.com\/en\/taxes-in-panama\/\">taxes in Panama<\/a>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\" style=\"text-decoration:underline\"><strong>Running costs of a property in Panama:<\/strong><\/h4>\n\n\n\n<p>What running costs should you expect for an apartment in Panama City? We give you an overview.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>In every tower building in Panama City there is a <strong>property management company<\/strong> that takes care of the day-to-day running of the building (building insurance, concierge, pool, lift, cleaning, gym, etc.). For this, you pay a monthly property management fee of usually 1.50 &#8211; 2.00 USD per sqm per month.<\/li>\n\n\n\n<li>A <strong>rental management company<\/strong> that takes care of your flat and your tenant usually costs 10% of the monthly rent. Click here for more information about our <a href=\"https:\/\/www.frapan-invest.com\/en\/frapan-offers-property-management-in-panama\/\" target=\"_blank\" rel=\"noreferrer noopener\">property management in Panama<\/a>.<\/li>\n\n\n\n<li><strong>Insurance<\/strong> for an apartment in Panama costs about 0.1% p.a. of the purchase value. In the old town Casco Viejo approx. 0.2% p.a.<\/li>\n\n\n\n<li><strong>Property tax<\/strong> in Panama depends on various factors (old town vs. new town, year of construction, use, etc). Often, real estate in Panama is exempt from property tax. For an insight, see <a href=\"https:\/\/www.frapan-invest.com\/en\/taxes-in-panama\/\" target=\"_blank\" rel=\"noreferrer noopener\">taxes in Panama.<\/a><\/li>\n\n\n\n<li>If you are looking for a tenant in Panama, the <strong>agent<\/strong> receives one month&#8217;s rent as a commission for the successful brokerage.<\/li>\n<\/ul>\n\n\n\n<p>We are happy to accompany you with our experience in the <a href=\"https:\/\/www.frapan-invest.com\/en\/how-to-buy-real-estate-in-panama\/\" target=\"_blank\" rel=\"noreferrer noopener\">purchase process in Panama.<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-vivid-cyan-blue-color has-alpha-channel-opacity has-vivid-cyan-blue-background-color has-background\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>FRAPAN-Invest<\/strong><\/h4>\n\n\n\n<p>Klaus Happ&#8217;s company &#8220;FRAPAN-Invest&#8221; advises investors who want to invest in <strong>real estate in Panama<\/strong>. Furthermore, Klaus Happ will be happy to advise you personally on the subject of \u201cPlan B in Panama\u201d.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-font-size has-medium-font-size\"><a class=\"wp-block-button__link has-vivid-cyan-blue-background-color has-background wp-element-button\" href=\"frapan-invest.com\/en\/our-offer\/\" style=\"border-radius:16px\">Our offer in Panama<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<p>The real estate market in Panama is internationally one of the <a href=\"\/?page_id=2203\">most interesting<\/a> for investments. We would like to be your trusted local partner and assist you with the initial purchase. Additionally, we can take care of your real estate in Panama in a sustainable way.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Profitable, safe and beautiful:<\/strong><br><em>Investments in Panama<\/em><\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>What additional costs should you expect when buying a property in Panama? With our report we would like to give you an overview of the costs when buying a property in Panama. In addition, we show you the ongoing monthly costs. Closing Costs in Panama: What are the incidental costs of buying real estate in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":8468,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[61,66],"tags":[],"class_list":["post-8497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-immobilien","category-real-estate"],"_links":{"self":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts\/8497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/comments?post=8497"}],"version-history":[{"count":4,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts\/8497\/revisions"}],"predecessor-version":[{"id":13941,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/posts\/8497\/revisions\/13941"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/media\/8468"}],"wp:attachment":[{"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/media?parent=8497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/categories?post=8497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.frapan-invest.com\/en\/wp-json\/wp\/v2\/tags?post=8497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}