The home of the Panama Canal, one of the world’s most strategically placed and used waterway, the chief commodities carried through it being motor vehicles, products and grains, petroleum, and coal
Panamanian residents are afforded the prime opportunity to tap into not just the American commercial goods markets but also those across the globe due to its efficient transportation hub.
The Panama Residence by Investment Program, also known as the Panama golden visa, allows foreign nationals to make an investment into the country and apply for a residence permit.
Minimum investment of USD 100,000
30 days under the Qualified Investor route, or four–six months under the Friendly Nations and Forestry Investor routes
Eligibility to apply for citizenship after five years of residence, and after one–three years for citizens of some Latin American countries and Spain
The home of the Panama Canal, one of the world’s most strategically placed and used waterway, the chief commodities carried through it being motor vehicles, products and grains, petroleum, and coal
Proximity to Colombia, Ecuador, and Venezuela, allowing for better access to business opportunities with these nations
Residence applicable to a spouse, children under 18, children aged 18–25 who are single, full-time students with no children, children of any age who are physically or mentally differently abled, and parents of any age
Access to the Central, South, and North American markets
The right to live, work, and study in Panama
To qualify for residence, applicants are required to select one of the following three investment routes:
1. Qualified Investor
Investments must be held for at least five years to maintain permanent residence status. Additional government fees for the main applicant and dependents apply.
Real estate investment of USD 300,000
Stock exchange investment of USD 500,000
Fixed-term deposit of USD 750,000 in the banking sector
2. Friendly Nations
For citizens of one of Panama’s ‘friendly nations’ (contact us for the latest list of friendly nations). One of the following options:
Real estate investment of USD 200,000
Fixed-term deposit of USD 200,000
Employment by a company in Panama for residence by labor reasons
3. Forestry Investor
Investment in a company that has a forest registry with the Ministry of Environment. One of the following options:
Real estate investment of USD 100,000
Investment of USD 100,000 in teak reforestation. This option grants two years of temporary residence, after which the applicant can apply for permanent residence
Investment of USD 350,000 in teak reforestation. This option grants immediate permanent residence
Applications must include completed application forms and should be accompanied by the appropriate fees and supporting documents, including details and the source (abroad) of the investment funds and the investor’s general data. Depending on the investment option chosen, the following documentation will be required: certificates from the Panama Public Registry, the National Authority of Land Ownership, the Securities House, and a license and/or registration certificate from the Panama Stock Exchange, as well as authenticated copies of the resolution granting the entity keeping the invested securities and a copy of the time deposit certificate.
Once the initial due diligence checks have been completed, then the application can be submitted. After further due diligence checks, the applicant can fulfill the requirements and the application may be approved.
The processing time for the residence application from the submission of the application to its approval is 30 days under the Qualified Investor route, or four–six months under the Friendly Nations and Forestry Investor routes.
The permanent residence permits are issued immediately (subject to review by the National Immigration Service) under the Qualified Investor and Forestry Investor routes, and after two years of holding a temporary residence permit under the Friendly Nations route.
To Know More About Leading Residence and Citizenship by Investment Programs
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