|
Reforestation Visa Requirements
-
- All applicants must provide a Police Clearance report
on a police department's letterhead, signed by a police
official.
-
- All documents must be issued no more than 4 months
prior to submitting the visa application.
-
- All visa applications must be processed by a Panamanian
lawyer.
-
- All overseas documents must be authenticated by a Panamanian
Consulate nearest you or by Apostille.
-
- Passports must have at least 6 months remaining before
expiration.
-
- Dependants can be included with both options.
Panama Reforestation Visa offer 2 options:
A. Small Business investment of at least $40,000;
B. Large Business investment of at least $80,000.
Procedure for Small Reforestation Investor:
Minimum investment
of $40,000.
Initial Application: Expect to be in Panama
for 5 business days. After registering and submitting all
documents, immigration will issue a 3-month provisional visa.
Upon expiration, you will return and apply for a 1-year immigration
visa card.
Applicant and dependants must present themselves in person
to the Immigration office for the initial application and
subsequent renewals.
1 year Immigration Visa card: On your 2nd trip, expect to
stay in Panama for 3 business days. Immigration will issue
you a 1-year Resident Immigration card.
This card will be renewed every year for the next 3 years.
On the 5th year, you will receive a Permanent Residency card
and a Cedula. You can then apply for Citizenship and a Passport.
Immigration Processing Fees for Small Reforestation
Visa:
Phase 1:
Legal Fee - 1 year Provisional Resident Visa: US$2,000
Government Fees and Costs: US$1,000
Phase 2:
Legal Fee - 1st renewal Provisional Resident Visa: US$1,000
Government Fees and Costs: US$300
Legal Fee - 2nd renewal Provisional Resident Visa: US$1,000
Government Fees and Costs: US$300
Legal Fee - 3rd renewal Provisional Resident Visa: US$1,000
Government Fees and Costs: US$300
Phase 3:
Legal Fee - Permanent Resident Visa: US$2,000
Government Fees and Costs: US$500
Naturalization (optional):
Legal Fee - Naturalization (Citizen / Passport): US$4,000
Government Fees and Costs: US$1,500
For Dependents (spouse or children under 18 yrs):
Phase 1:
Legal Fee - 1 year Provisional Resident Visa: US$1,500
Government Fees and Costs: US$1,000
Phase 2:
Legal Fee - Permanent Resident Visa: US$1,500
Government Fees and Costs: US$500
Naturalization:
Legal Fee - Naturalization (Citizen / Passport): US$3,000
Government Fees and Costs: US$500
Procedure for a Large Business Investor:
- Minimum investment of $80,000
- Initial Application: Expect to be in Panama
for 5 business days. After registering and submitting all
documents, immigration will issue a 3-month provisional visa.
Upon expiration, you will have up to 4 months to return and
apply for a 1-year immigration visa card.
- Applicant and dependants must present themselves in person
to the Immigration office for the initial application and
subsequent renewals.
- One Year Immigration Visa card: On your 2nd trip, you will
need to stay in Panama for at least 3 business days. Immigration
will issue you a one-year Resident Immigration card.
- When the One Year Immigration Visa card expires, you will
receive a Permanent Residency card and a Cedula. 5 years from
your initial application, you can then apply for Citizenship
and a Passport.
Immigration Processing Fees for Large Reforestation
Visa:
For Primary Applicant:
Stage 1:
Legal Fee - 1 year Temporary Immigrant Visa: US$2000
Government Fees and Costs: US$800
Stage 2:
Legal Fee - Permanent Residency Visa: US$2000
Government Fees and Costs: US$300
Stage 3:
Legal Fee - Naturalization (Citizen / Passport): US$4000
Government Fees and Costs: US$1550
For Dependents (spouse or children under 18 yrs):
Stage 1:
Legal Fee - 1 year Temporary Immigrant Visa: US$1550
Government Fees and Costs: US$800
Stage 2:
Legal Fee - Permanent Residency Visa: US$1550
Government Fees and Costs: US$300
Stage 3:
Legal Fee - Naturalization (Citizen / Passport): US$3000
Government Fees and Costs: US$1550
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
|
