Panama Italy Special Agreement - Permanent Residency - IMMIGRATION VISA SERVICES

Panama Italy Special Agreement – Permanent Residency

Panama Italy Special Agreement – Panama Italy for Permanent Residency

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Panama Italy Special Agreement - Panama Italy for Permanent Residency, Permanent Residency Panama Italy agreement, “Treaty of Friendship, Commerce and Navigation between the Republic of Panama and the Italian.

Italian citizens enjoy exclusive permanent residency in Panama allowing Italians and their dependents to reside and work here indefinitely. Panamanians enjoy the same privileges in Italy! A citizen of Panama ...

Permanent Residency Panama Italy agreement -Panama Italy for Permanent Residency

Permanent Residency Panama Italy agreement

Permanent Residency Panama Italy agreement

Panama Italy for Permanent Residency

Permanent Residency Panama Italy agreement  

The “Treaty of Friendship, Commerce and Navigation between the Republic of Panama and the Italian Republic”

was signed in 1966 and ratified by the Law 15 in order that Italian citizens enjoy the treatment of permanent residents in the territory of Panama.

The, Latin American, European and American Italian citizens with dual nationality can apply to the National Service of Migration to Permanent Residents in the Republic of Panama.

It’s one of the simplest migration processes that currently exists in Panama and that gives Permanent Resident Status, which is beneficial for those people who intend to reside indefinitely in Panama.

Our lawyer, who will have the power to become the legal representative before the National Migration Service, must manage the procedure.

The process can take about 3 months to get the final resolution, while the process is carried out you’ll be given a temporary residence card for one year, you’ll be grant another card for another year and so on until the final resolution of residence is obtained.

 

 

Italy Treaty Visa

The visa for Italian citizens was created in Law 15 of 1966 – called Friendship, Business, and Navigation treaty between the Republics of Panama and Italy – with the objective to encourage Italians to establish economic and professional activities in Panama..

Visa requirements include:

  • Enter Panama with an Italian Passport.
  • Notarized Power of Attorney and Application.
  • Five (5) passport-size photos.
  • Notarized photocopy of applicant’s passport.
  • Background check.
  • Certificate of good health.
  • Explanation of the applicant’s purposes in Panama (economic activity or occupation to develop). It is possible to open a company in Panama to fulfill this requirement.
  • Proof of Italian Citizenship, such as Italian ID, Birth Certificate (valid only for 6 months), or any other document that properly identifies the applicant as Italian.
  • Declaration of personal background.
  • Panamanian bank reference letter with a balance greater than USD $5,000, to demonstrate economic means.
  • Check for USD $250 to the National Treasure.
  • Proof of economic ties with Panama, in the form of a corporation, ownership of titled property, or a job offer.
  • If the application needs to include dependents, the applicant also needs to include:
    • Letter of accountability for these dependents.
    • Proof of ties between the applicant and each dependent.
    • Proof of address – applicant and dependent must live in the same address.
    • If the dependent is 18 years old or more, single status and student status certificate.

This visa carries many benefits for Italian citizens. For instance, the applicant’s spouse and dependents do NOT have to be Italian citizens to be included in the application. This process also provides a path to obtain Panamanian ID (cedula). Finally, this Visa does NOT require neither an initial investment nor purchasing a property in Panama.

Contact Us to learn more or to start with your Panama-Italy Treaty Visa process.

Permanent Residency Panama Italy agreement

Executive Decree No. 67 of April 17, 2013 authorizes the work permit to foreigners with Permanent Resident Permit with Italian nationality covered by the Treaty of Amity, Commerce and Navigation concluded between the Republic of Panama and the Republic of Italy.

Dependents may be included, these being the spouses, dependent parents of the applicants, the minor children and the single students under 25 years.

Each of the dependents must provide evidence of not having a criminal record in their country of origin.

The strength of the European currency against the US dollar can be taken as an advantage by Italian citizens to take advantage of low prices and invest in the real estate business, take advantage of low incomes as well as lower wages and the Canal de Panama to start businesses and other investments.

Permanent Residency Panama Italy agreement

Many Italians own Italian specialty restaurants in Panama, as well as import suits, belts, footwear and other products of Italian origin such as olive oil and pasta.

The Italians will not be limited exclusively to establishing businesses of these activities, but also any other that is not reserved exclusively for Panamanian citizens like for example the lawyers and doctors.

Permanent Residency Panama Italy agreement -Panama Italy for Permanent Residency

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