We offer Panama Escrow Services to buyers and sellers of real property in Panama or any other asset or service outside of Panama, and to handle the receipts and payments for these transactions, including deposits in Panama bank accounts. We protect Panama property sellers, buyers and lenders from problems affecting Panama title ownership. One way we accomplish this is by being agents for leading Panama Title Insurance companies like Land America Lawyers Title Insurance Company.

How this works: In the case of a real estate transaction in Panama, our firm would receive the full payment from the Buyer, and at the closing, we would disburse payment to the Seller, disburse payment to the Broker (for realtor commissions, if any), disburse payment to the construction company (for property development, if any), disburse payment to the attorney (for legal work such as title search, buy/sell contract, title transfer, etc.), and disburse payment to any other party directly involved in the transaction that must be paid as part of the buy/sell agreement.

Purposes of our escrow services:

- Provide the seller with the assurance that the buyer has the funds to pay for the transaction, since the escrow company can confirm that the funds have been paid to the escrow account.

- Provide the buyer with the assurance that the various parties involved in the transaction will be paid according to the buy/sell contract, so to avoid any after purchase claims.

- Provide the buyer with the assurance that the property has had a proper title search completed, a proper buy/sell contract has been executed, and the legalities of the transaction have been met to protect the buyers interests.


Deposit Instructions Procedures:

1. Complete, and sign, an Escrow Agreement. The Escrow Agreement is very important because it regulates the relationship and defines the terms and conditions of the escrow services that are provided, plus it is required by the bank to clear the funds.
Download the The Escrow Agreement.

If your transaction is for the purchase or sale of property in the Republic of Panama, then you should also download and fill the Property Order Form. Is necessary for our us to have all of your personal contact information, as well as all of your property transaction information clearly detailed. Download the Property Order Form.

2. Make a photocopy of your valid passport or use an alternative identification if you dont have passport, such as a government issued drivers license, and get a bank reference letter from the bank where the funds are being sent from. If the funds are being sent from a third party, then please write a detailed letter to explain where the funds are being sent from. The bank may require additional information about the source where the funds are sent from if the funds are sent from a third party.

3. Fax the completed and signed Escrow Agreement, photocopy of passport, and bank reference letter (or account statement or third party letter) to either our Panama fax number:
++ (507) 264-9032.

4. Depending on the amount of wire, if is more than $50,000.00, you should provide information and documentation of origin of funds (savings, business transaction, property sale, etc.), and information and documentation in regards to destiny of funds (example; a Property transaction, investment, etc. -- if we are processing your transaction we could provide this information to the bank). This information should be provided through a letter, signed by you, explaining these details, with supporting documentation such as a purchase agreement, bank or investment account statement, etc.

5. Once the above is complete, then you may deposit funds to Panama Legal Consultants Inc. to complete your transaction.

Clients of Panama Legal Consultants Inc. may deposit funds by any of the following methods;

A. The fastest way to deposit funds to escrow is by Wire Transfer. Simply provide your bank with the following wire instructions;

Intermediary Bank: ?
ABA #: xxxxxxx
SWIFT: xxxxxxxx
Beneficiary Bank: xxxxxx, Panama City, Rep. of Panama
Beneficiary Bank Account #: xxxxxxxxx
Final Beneficiary Name: Panama Legal Consultants, Inc.
Final Beneficiary Account #: xxxxxxxx

After sending any wire transfers, please confirm by faxing us a Wire Deposit Notification Form. This form is necessary for us to identify your wire transfer when it enters the escrow account, and it is required by the bank to identify the sorce of funds.
Download The Wire Deposit Notification here.

Fax the Wire Deposit Instruction Form to this fax number
++ (507) 264-9032.

B. Deposit by US Dollar Check; take 21 business days to clear in our escrow account. Local Panamanian checks take 3 business days to clear. Please include a signed Check Deposit Notification Form with your check. You can download the Check Deposit Notification Form here.

Please make checks payable to “Panama Legal Consultants Inc.”
Send checks by courier (FedEx, DHL, UPS, TNT, etc.) to the following address;

Panama Legal Consultants Inc.
First Street, El Carmen No. 94, Via Espana
Panama City, Republic of Panama
Tel: 507.xxxxxxx

Send checks by POST mail to the following address:
Panama Legal Consultants
PO Box 0823-05630, Panama 7, Panamá.

6. If your are utilizing a Panama corporation with nominee directors to hold ownership of the property, then you must also send (by fax, scanned email attachment, post, or courier) us a letter of Authorization for Nominee Signatory to sign the purchase/sale documents.
Download The letter of Authorization

7. To disburse funds from the escrow account, you must complete, sign, and send us (by fax, scanned email attachment, post, or courier) a Disbursement Request Form.
Please download from the Disbursement Request Form