Immigration Panama Benefits and Services – Moving to Panama


Benefits of Panama Emigration

The main reasons to move to Panama
Panama Emigration Benefits and Services, Low Cost of Living Significantly Lower Compared to Europe and the Northern Hemisphere according to a recent Global Cost for Life Maintenance study by The Economist.

Benefits of Panama IMMIGRATION

The main reasons to move to Panama
Panama Emigration Benefits and Services, Low Cost of Living Significantly Lower Compared to Europe and the Northern Hemisphere according to a recent Global Cost for Life Maintenance study by The Economist.
A typical Panamanian salary is between $1000-2000/month, where we can live happily.
But of course everything depends on your lifestyle.
Lower income tax rates than Europe and the westernmost countries.
All income from outside Panama is tax-free. Panama levies a low 25% corporate tax rate on the companies that enjoy similar tax deductions as in the U.S.
An Employee and Self-Employed Person – who work in Panama who less than $11,000 USD are not subject to income taxes.
If employees and self-employed earning more than $11,000 USD and $50,000 USD only pay a low 15% tax starting at $50,000 or higher wage there is a 25% tax rate. Emigration Panama
Emigration Panama Growing and stable and strong economy in Panama has grown by an average of 8% (GDP) over the past five years.

Safe haven for foreign investment
The Constitution protects real estate private property
The Civil Code of Panama guarantees equal application of the law for the citizens and foreigners, including leasing and commercial contracts.
Panama even has a Foreign Investors Protection Act (Law 54 of 1998) providing equal rights for all foreigners in all business matters of trade, industry, import and export.
Panama Emigration Lower income tax rates than Europe and most other countries.
All income from outside Panama is tax-free,

This rule applies to everyone including their own Panamanian people.
Panama has been considered one of the ideal retirement destinations in the world for several years. In 2014, Panama was ranked 1st in Forbes Magazine's top 10 list of countries to retire.
Panama is a leading business destination due to the many benefits it offers, including: Panama City is one of the most affordable cities in the world, according to the latest cost report prepared by The Economist's intelligence unit; The presence of first-class medical care and hospitals; The best air connections in Latin America and a growing number of direct connections to Europe; A good business environment overall with 7.3% domestic economic growth in 2014, below average economic growth in Latin America according to figures from both national and international agencies; And a friendly immigration system that aims to attract trained professionals and investment.

One of the mechanisms panama has established is an immigration system, commonly known as "País Amigo" (Friendly Country), which aims to attract both investment and professionals who want to work in Panama. On May 16, 2012, the Panamanian government established a new system of permanent immigrant visas for citizens or nationals of specific countries. Executive Order No 343 gives preferential treatment to nationals of different countries. Originally including 24 countries, the list was then expanded to include 48 countries or autonomous jurisdictions whose citizens are eligible for this special and preferred program.
What are the benefits of this preferential treatment?
Main advantages are the fact that, once the application is approved, the National Directorate of Immigration grants the permanent residence to the applicant; For other types of visa, permanent residence status is usually granted after two years, provided that the applicant meets all the requirements. Another advantage is that the applicant only has to travel to Panama once every two years to enforce the visa. This offers a great advantage for those who travel frequently for work or business or for those who want to have a second home in Panama but still have not decided to emigrate on their own. The flexibility offered with this visa is that the applicant can travel to Panama with immigration status, without having to be fully arranged in Panama. However, the applicant must establish some kind of investment, business or working relationship with Panama.
Which countries are on the list?
Nationals or citizens of one of the following countries are eligible for this new visa: Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain and Northern Ireland, Greece, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Monaco, Montenegro, The most Serene Republic Marino, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal Of Malta, Serbia, Singapore, Slovakia, South Africa, South Korea, Spain, Special Administrative Region Hong Kong, Sweden, Switzerland, Taiwan, United States and Uruguay. Mexico will soon be added to the list, according to a recently signed free trade agreement.
What family members or dependents can be accepted under this visa?
The applicant can extend the benefits of this visa to: his spouse, minor children, minors who despite the fact that they are not natural children under his guardianship or custody and upbringing, unmarried children over the age of 18 and under 25 years of age who are in higher education, The parents of the main applicant and disabled relatives.
Can the application be made before the applicant is in the country?
The applicant must be in Panama when submitting the visa application.
These are some elements and features of the new immigrant visa for nationals of specific countries with professional or investment ties to Panama. This visa is an ideal means and simple tool for foreign nationals who want to take advantage of the excellent opportunities currently offered by the Republic of Panama.