Luxury Hotel & Residences. Setting the standard for contemporary living. Imagine a home that blends chic design and unparalleled privacy with the amenities and personalized service of one of the finest five-star hotels in Panama City. Located within our legendary hotel, The Residences at The Bristol Panama are distinguished by sophisticated style and ultra-luxurious finishes. From housekeeping and valet services to gourmet dining and a dedicated concierge, a lifestyle of privilege, exclusivity, and comfort awaits.
Panama offers the incredible combination of city and ocean landscapes, among its other luxurious amenities. In Avenida Balboa this mixture of beautiful landscapes and city feeling is even more evident. The locals and visitors alike can enjoy long walks by the coast with views to the bay of Panama, the banking center's shimmering skyscrapers and the old town Spanish colonial architecture of Casco Viejo.
Pensio advises you to seek the advice of a qualified real estate lawyer in Panama to manage your property purchase. Pensio will provide you with contacts or you can retain your own lawyer.
While it is legal for foreigners to own property in Panama using their name, those about to purchase property should do so in the name of Panamanian corporation for protection of assets and income tax benefits.
Possession rights (different than title) should always be held in the name of a Panama corporation, and the purchaser should be listed as the shareholder of the corporation. Your closing lawyer will assist.
Closing costs can vary greatly. In general, closing costs can vary depending on your needs:
*Real estate investors who buy and then quickly sell homes in Panama can attract capital gains tax, which can be avoided through the use of a Panamanian corporation.
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