probate Panama

You can own Panama property in your own name, through a Panamanian S.A. corporation, or through a private interest foundation. Each structure has different costs, probate implications, and rental income rules — and if you’re American, an S.A. triggers IRS Form 5471 reporting that starts at $10,000 in penalties if missed. The most expensive mistake is choosing the wrong one and trying to switch later. Here’s how to decide before you sign anything.