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Countries do not need a visa to enter Panama:
Argentina, Austria, Belgium, Chile, Costa Rica, El Salvador,
Finland, France, Germany, Guatemala, Honduras, Hungary, Israel,
Italy, Luxembourg, Liechtenstein, Netherlands, Nicaragua,
Paraguay, Poland, Portugal, Singapore, Spain, Sweden, Switzerland,
Uruguay and the UK (except for persons who were born in Hong
Kong, or if the UK passport was issued in Hong Kong).
Panama Tourist Card
The tourist card takes the place of a conventional visa.
One can be purchased at the departure airport terminal or
in Panama at the Immigration area for $5.00. The tourist card
is good for 30 days and there are provisions to apply for
a 60-day extension at the sole discretion of the immigration
authorities. People with passports from the following countries
are eligible to purchase 30 day tourist cards: Antigua &
Barbuda, Aruba, Australia, Bahamas, Barbados, Belize, Bermuda,
Bolivia, Brazil, Canada, Colombia, Curacao, Ecuador, Greece,
Grenada, Guyana, Jamaica, Japan, Korea (Rep), Malta, Mexico,
Monaco, New Zealand, Norway, St Kitts & Nevis, St Lucia,
St Vincent & the Grenadines, Samoa, San Marino, Sao Tome
& Principe, Surinam, Taiwan, Trinidad & Tobago, USA,
Venezuela and Vatican City.
Panama Tourist Card Extension
It is possible to obtain a 60-day extension for the tourist
card. The application process includes the following:
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Valid passport good for six months
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Tourist Card and two copies of the Panama immigration
stamp in your passport
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Return airplane ticket or voucher that is in effect for
at least the sixty-day period
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Letter from Panama Citizen or Panama Resident who will
sponsor you and your visit and thus assume responsibility
for you. This should be notarized along with a copy of
their cedula.
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Economic Solvency Documentation such as bank statements,
credit cards, tax returns of the tourist or the Panama
person sponsoring him or her
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Provide three passport-size pictures
People with passports from
these countries must get a formal visa: Czech Republic,
Cyprus, Dominican Republic, Egypt, Peru and Philippines may
only enter Panama if they have a visa.
This is a resume of the changes in the new Visas
in Panama:
– It is 90 days with a possibility for a 90-day renewal
for good cause, not an automatic renewal.
- for Investors are only possible after having completed
three consecutive 2-year temporary visas.
– 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.
- Now requires an investment of $160,000 up from $100,000
and requires 5 full time Panamanian workers at the minimum
wage.
– is now up to $300,000 put in an
approved Panama bank account for 3 years.
– 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.
– 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
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