IMMIGRATION OFFICE : RESIDENCY VISAS PERMIT & CITIZENSHIP
We offer professional services to obtain visas of various nature, such as Tourist Visas, Short-Stay Visas, Temporary Residences, Permanent Residences, Retiree or Pensioner Residence, Retired Residence, among others, being Panama a country with many offers for the tourist or foreign immigrant who wishes to reside in Panama.
Padilla Law is prepared to stand by you through the complex, ever-changing immigration landscape. From the first consultation,
through case completion, our Immigration Lawyer seeks
to understand your overall goals and intentions leading to a concise case strategy and successful outcome.
Many can say they are honest, trustworthy, and ethical, but Mr. Padilla has lived a life with the personal policy to never cheat or exploit anyone. The firm is run on the principle to “always treat people as ends in themselves, never merely as a means to one’s own ends.”
Our team is prepared to stand by you
We happy to help you , Contact Us .
Immigration Law Group
Let Us Lead The Way
An Overview of Panamas New Qualified Investor PR Program
On October 16, 2020, Decree 722 of October 15, 2020 was published, creating the category of Permanent Resident (PR) as a Qualified Investor (QI) in Panama.
To be eligible, the applicant must make an investment (typically in real estate) for a minimum of US$300,000 from a foreign source. In October 2022, the investment amount will increase to US$500,000. To keep permanent residence, the applicant must maintain the investment for a minimum period of five years.
In order to offer a more simplified and agile service to the investor, the government has created a “fast-track” route; applications under this category may be submitted prior to entering Panama through a local lawyer, on the condition that prior to the issuance of the immigration card, the filiation process is completed. This request must be resolved in a period of no more than 30 business days. After this period, the applicant will only need to visit Panama for one week to obtain PR.
The chief advantage of the QI route to PR in Panama is that the investor doesn't actually need to travel to Panama until the PR is ready. All other routes to PR require multiple visits to the country ahead of time, and also mandate longer waiting periods before qualifying for the PR; anywhere from six to 24 months, depending on which route the investor uses.
Once you obtain your residency, you only need to spend one day every two years in the country to maintain your permanent resident status. A simple transfer through the airport would also qualify as a day, for these purposes.
BUSINESS & CORPORATIONS
- Whether you are new business owner and want someone knowledgeable to guide and protect you
- Whether you are an experienced investor and want a top-notch lawyer without all of the overhead
You need a one-of-a-kind business lawyer with all of the credentials, none of the ego, who wants you to succeed and grow.
Panama companies have been recognized around the world as a corporate tool that can be successfully used in various areas of international business, asset protection, acquisition planning and management in the real estate market, and in many other areas.
The combination of favorable factors for business development make Panama corporation attractive for business: Panama operates under a territorial tax system where residents and non-residents are taxed only on Panama-sourced income.
Income that does not arise in Panama or is not derived from this country is not subject to tax in Panama. There are no economic substance requirements. Dividends received by a Panamanian resident corporation from another Panamanian corporation are exempt from corporate tax. A corporation is resident if it is incorporated under Panamanian law and if the corporation’s central management and control is exercised in Panama.
Padilla Lawyer suitability to practice the profession of attorney number (13474) throughout the territory of the Republic of Panama. Immigrationvisa247.com is as diligent as possible in compiling and updating the information on its website. However, … All specifications are subject to change without notice, due to changes in the legal immigration laws from Panama. DISCLAIMER All information contained on this web site is intended to convey general information. It should not be construed as legal advice