Panama immigration programs

processing services requires Panamanian lawyers, we are specialists in immigration law.

Here is a list with a short explanation of every Panama immigration visa that grants permanent residency:

Panama Friendly Nations Visa.

Panama Self Economic Solvency Visa.

Panama Business Investor Visa. Panama

Reforestation Investor Visa.

Panama Retired or Pensioned Program.

Marry a Panama Citizen

Panama Immigration Programs – Residency and Visas

Panama’s Pensioner (Retiree) Visa

Panama’s Pensioner (Retiree) Visa: Anyone over 18 years of age with a lifetime pension or annuity paying a minimum of $1,400 USD per month qualifies. Another $250 must be paid per month by the annuity or pension for each dependent. The annuity or pension can be paid by a private company, military, government agencies, corporations, a bank, an insurance company, or a Trust. This Panama visa provides several discounts from movie theaters, restaurants, hotels, pharmacies, concerts, and domestic airlines along with other products or services.

Friendly Nations Visa

Friendly Nations Visa: Citizens from any of the 48 nations considered “friendly” to Panama can move here with their immediate family and acquire a faster permanent residency visa than any other Panama visa. To qualify, the friendly citizen can either buy an existing Panama business or create a new business here or be employed in a professional capacity for a Panama professional services company. The 48 friendly nations are: Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Marino, Montenegro, Netherlands, New Zealand, Norway, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom (Great Britain & Northern Ireland).

Professional Employment Visa

Professional Employment Visa: Foreigners working for a Panama company in a “professional” capacity paying social security taxes and holding a college degree and a professional license (if required by his or her country) can become a permanent resident after two years of being a temporary resident. The term “professional” is not limited to the definition in Panama’s Constitution or the laws defining a professional for citizens.

Panama’s Reforestation Investor Visa

Panama’s Reforestation Investor Visa: A minimum investment of US$80,000 in a reforestation project certified by the government including purchasing a minimum of five hectares of titled land with an additional investment of $2,000 for each dependent.

Panama’s Self Economic Solvency Visa

Panama’s Self Economic Solvency Visa: Three options exist to qualify for this visa created to attract wealthy foreigners:

  1. Minimum US$300,000 investment of equity in any Panama real estate with an additional $2,000 USD for each dependent.
  2. Minimum US$300,000 investment in a 3 year Panama bank CD. An additional $2,000 deposit is required for each dependent.
  3. Combining the first 2 options by investing in both a Panama bank CD and Panama real estate where the cash and equity total a minimum of US$300,000 (or foreign currency equivalent). An additional $2,000 USD must be invested for each dependent.

Panama’s Business Investor Visa

Panama’s Business Investor Visa: A minimum US$160,000 investment in capital stock of a Panama corporation. The foreigner can be a shareholder and/or an officer. An additional $2,000 must be invested or each dependent.

Top Reasons to Relocate to Panama

Top Reasons to Relocate to Panama / Low Cost of Living – Panama’s cost of living is significantly lower compared to Europe and the Northern Hemisphere according to a recent Global Cost of Living survey conducted by The Economist. A typical Panamanian salary is between $1,000-2,000/month, whereby one can live happily. But of course it all depends on your lifestyle. To afford yourself a comparable lifestyle to one lived in a medium size U.S. city, you can expect overall costs to be about 25% less – one of the many great reasons for Panama relocation. Lower income tax rates than Europe and most Western Hemisphere countries. Income earned outside of Panama is tax free. Panama levies a low 25% corporate tax rate on its corporations who enjoy similar tax deductions as in the U.S. Employees and self-employed in Panama earning less than $11,000 USD are not subject to income taxes. Employees and self-employed who earn between $11,000 USD and $50,000 USD only pay a low 15% tax rate. Those making $50,000 or higher pay a flat 25% tax rate. Growing & Stable Economy - Panama has a strong economy which wasn’t hurt by the worldwide economic crisis. In fact, Panama’s economy has grown at an average of 8% (GDP) over the past five years.

Panama’s immigration laws are amongst the most liberal

Panama’s immigration laws are amongst the most liberal in the Western Hemisphere with over a dozen residency visas so foreigners can become permanent residents by investing in Panama’s economy for as little as $80,000 USD. The Panama retirement visa, also know as the pensionado visa, applies to anyone over 18 years of age who are receiving monthly lifetime annuities or pensions of a minimum of $1,000 USD can become permanent residents. Panama’s president issued new decrees in 2012 declaring 48 friendly countries citizen’s can apply for immediate permanent residency by starting a new business, buying an existing Panama business, or being offered a job in Panama. Panama’s ease of immigration makes Panama relocation a breeze. Panama has a lot to offer besides what is mentioned above. Panama offers warm year round climate and a variety of beautiful natural environments along with a bustling and exciting capitol city. Foreigners who are considering moving to another country because of the high cost of living, soaring taxes, or the cold weather, should think about what Panama has to offer.

Safe haven for foreign investments

Safe haven for foreign investments – Article 44 of Panama’s Constitution protects real estate private ownership and private investments. The Civil Code of Panama guarantees equal application of the law for citizens and foreigners including leases and commercial contracts. Panama even has a Foreign Investor Protection Law (Law 54 of 1998) providing equal rights for all foreigners in all business matters of trade, industry, importing and exporting. Panama guarantees that foreigners can dispose of their investment profits as they see fit including repatriating their investment funds and profits to other countries with the unimpeded right to commercialize their production in Panama. This is a great incentive for foreigners looking to relocate to Panama

Mission

More than a law firm, to become an essential support to any and all foreigners that wish to take advantage of the legal, economic and fiscal advantages that Panama has to offer; by providing integral legal advice and a business plan to aid in reaching your goals and objectives, always working within the legal frame work and respecting the norms and best practices on a national and international level.

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