Requirements to register the 5% capital gain tax because of shares transfer when the purchaser is a foreign company.

1. POA (duly apostilled or legalized by the Panamanian Consul if the grantor is not in Panamá.)
2. Certificate of the existence of the foreign company duly apostilled or legalized by the Panamanian Consul.
3. Copy of the ID of the Grantor and the authorized person
4. Copy of the ID of the Seller and Purchaser
5. Shares transfer contract authenticate by a Panamanian Notary, and if signed abroad by duly apostilled or legalized by the Panamanian Consul.

Observations:

• If the documents are not in Spanish, they must be translated by a certified translator registered at the Ministry of Foreigners Affairs of Panamá.
• If the documents are legalized through the consulate of Panama, the process of legalization must be completed in Panama at the Ministry of Foreigners Affairs.
• If there is no representation of Panama in the country of signature, you must send the documents to a neighboring state where Panamá has an Embassy or Consulate.

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