Glossary · Legal process & title
Power of attorney (apostilled)
Definition
In Panama, a power of attorney authorizes one person to sign on another's behalf — for example, to buy or sell property without traveling. If granted abroad, it must be apostilled (or consular-legalized) to be valid in the country.
In practice
It's the piece that makes a 100% remote purchase or sale possible: the client signs the power before a notary at home, gets it apostilled, and their Panama attorney signs the promise, deed, and bank paperwork on their behalf. Practice tips: make it specific (that finca, that transaction — not general), grant it to your own lawyer — never the counterparty — and arrange it before the promise deadlines start running, because couriering the original takes days.
General information, not legal or tax advice. Every transaction is confirmed with an attorney and accountant.
Term reviewed as of July 2026 · Vaca Group Real Estate, Lic. PN 5904