Greater respect for property rights leads to faster economic development
The order of the countries in the 2011 International Property Rights Index (IPRI) report is less important than the conclusions that are possible to obtain by analyzing correlations between the parameters that comprise the index and economic development.
Owners holding possession rights for coastal lands and islands in Panama would be forced to get titles for them.
Panama's National Assembly recently passed a first version of Law 71, which would force titling all coastal and island properties acquired through possession rights.
PropertyInvestPanama.com explained that "the difference between rights of possession and legal title is that with the former you do not own the land, but actually lease it from the government". By titling more lands, the Government can tax them.
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Barrantes & Associates is a full service Costa Rica Law firm located in San Jose Costa Rica. We have been in business since 1999.
All our Attorneys are English speaking.
Operates in Costa Rica and Panama
Phone: (506 ) 2256 3807 - (506 ) 8339 1622
The firm currently provides services to individual and corporate clients in Panama as well in the Americas, Europe and Asia. Its partners maintain a commitment with professional ethics and social responsibility by participating in the board of directors of groups such as the Panama Bar Association, the German Chamber of Commerce and the American Chamber of Commerce (AMCHAM) of Panama.
Operates in Panama
Phone: (507) 3406447