Panama Small Investor Visa

Panama Investor Visa Requirements

The foreign business owners can be obtain legal residency in Panama under the condition that they invest a minimum of US$155,000 in either a new business venture, or an established company in Panama. Part of the requirement is that the business must employ at least 3 Panamanian employees paying them at least minimum wage, with social security benefits.

Documents that are necessary to process legal residency and passport:

• Power of Attorney allowing our law firm to act on behalf of the applicant (and dependents - if applicable).

• Certificate of Good Health, signed by a registered, licensed physician, indicating that the applicant (and dependents - if applicable) has no contagious diseases and is in good mental and physical condition.

• Notarized and authenticated police record from the place of residence for the applicant (and spouse & children - if applicable).

• Certified or notarized Birth Certificate of the applicant (and dependents - if applicable).

• Marriage Certificate for the applicant (and dependents - if applicable).

• Valid passport of the applicant (and dependents - if applicable).

• Four (4) passport sized photographs of the applicant (and dependents - if applicable).

• Financial reference letter from your bank, credit union, or brokerage / investment firm.

*All documents must be apostilled or authenticated by the Panama Consulate in your country.

The applicant for any type of visa, need be present physically at the immigration office in Panama, at the time of Visa application.

This is a resume of the changes in the new Visas in Panama:

Tourist Visa

– It is 90 days with a possibility for a 90-day renewal for good cause, not an automatic renewal.

Permanent Visas

- for Investors are only possible after having completed three consecutive 2-year temporary visas.

Reforestation

– The temporary is now $60,000 minimum with a 10-hectare requirement. This is up from $40,000. The permanent reforestation visa is now $80,000 with a requirement of 20 hectares.

Small Business Investor Visa

– There is no longer a small business investor visa.

Investor Visa

- Now requires an investment of $160,000 up from $100,000 and requires 5 full time Panamanian workers at the minimum wage.

Self –Solvency Visa (Bank Account)

– is now up to $300,000 put in an approved Panama bank account for 3 years.

Self-Solvency Investor Visa (Real Estate)

– now requires $300,000 equity in form of cash down payment. You can mix mortgage and cash in bank for up to $30,000. Now possible to hold real estate under a Panama Foundation if primary applicant is the beneficiary of the foundation or if the founder.

Rentista Visa

– now requires a deposit in the national bank of Panama for five years that yields $2000 a month, up from $750. Figure today at least $600,000. NO PASSPORT is included any more.

Pensionado Visa

– is now raised to $1000 per month up from $500. There is a provision to mix property up to $100,000 in personally held Panama real estate. Equity only from cash placement. Not clear on ratios. Dependents are an extra $250 each, up from $100. People who are financially secure, independent or doing their own pension do not belong under this program. The programs involving investing $300,000 in the bank for 3 years or same amount in real estate are for you. The other one is the Rentista, which requires about $600,000 in bank generating $2000 a month for five years.

Multi entry Visas

– now issued for up to five years, previously two.

Panama Legal Consultants

- Panama Law Firm -
For more information please contact us:
info@panamalegalconsultants.com
Tel: (507) 6714-9326