Panama is a premier hub for private islands, offering foreigners equal property rights and 100% direct titled ownership. The critical 2026 restriction... Read More remains the 10km Border Rule, prohibiting foreign ownership near Costa Rica or Colombia. Buyers should distinguish between Titled Property (Fee Simple) and Right of Possession (ROP); ROP is common for islands but riskier as it is untitled government land. Most investors use a Panamanian Corporation to hold island assets for liability and tax efficiency. Read Less