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Panama’s data protection authority has issued a binding legal opinion that prohibits residential building access from requiring biometric identification, such as fingerprints or facial scans, without obtaining explicit consent from every resident and visitor. The ruling means condominium boards that install these systems without proper authorization now face penalties ranging from $1,000 to $10,000 under…
Mounting pocketbook pressures and a public hungry for change pushed President José Raúl Mulino to announce sweeping economic measures Thursday night, headlined by a promise to scrap the 2% transfer tax on new homes. Speaking before the Panamanian Association of Business Executives, Mulino outlined a dozen initiatives he said would break a slowdown that has…
Foreign investors and retirees in Panama are increasingly turning to Rights of Possession land as a cost-effective alternative to titled property. This unique land tenure system allows buyers to use and improve land without paying property taxes. The concept traces its roots back to Spanish colonial rule and remains common throughout much of Panama today….
Panama’s banking regulators have introduced stricter lending requirements for international property buyers. The new rules took effect on May 1, 2026. They directly impact how non-residents can qualify for home loans in the country. The Superintendency of Banks of Panama issued the updated guidelines last month. These changes require foreign borrowers to demonstrate higher minimum…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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