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Panama Reforestation Visa

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:

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