Panama: Public Registry Grows With Economy

Construction, real estate and rentals are the main sectors generating registrations and other paperwork that have raised $40 million in revenue for the Public Registry.

Tuesday, October 8, 2013

This " ... is a considerable increase compared to the 4% growth which was reported in 2012 , when revenues from January to August were $33 million compared to 2011 when $ 31.8 million was raised ... " , noted an article in Panamaamerica.com.pa.

The new technologies that the institution has implemented have helped to reduce the processing time of some records. For example , the Certificates for Corporations process used to take four hours and now the time has been reduced to one hour.

The type of registration showing the most activity during 2012 was the inscriptions of Created Properties with 32,106 records , followed by Property Transfers with 31,812 , Mortgage Property with 28,614 , and others.

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Public Registration Certificates Via Internet

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