ROP or “Rights of Possession” property in Panama is a widely used and safe way to hold property. It has many advantages which are not always understood. For example, no property taxes are incurred on ROP property, and it is easy to transfer ownership without paying transfer taxes.
ROP property can be titled with a fairly simple process. So long as you have a clear history of transfers of the property, statements from neighbors (the Silverbacks property has 3 neighbors, all of which are agreeable), and proof that the property is being occupied and maintained, the process is straightforward and can be completed within 6 months to one year. You will need an attorney to help you with this. Our attorney in Panama City has all the necessary documentation to complete titling for you, if you wish.
Below are some useful links that explain the Pros and Cons of ROP property.