|Visa Self Economic Solvency|
This is a special form of visa created to attract wealthy foreigners to apply for a permanent residence in Panama. There are three basic criteria to qualify for this visa, they are:
Deposit Panama Bank
1) An investment in the Panama real property equity excluding loans or mortgages valued at $300,000 and above only
There are provisions to include family members in this visa. This will attract an investment of $2,000 per person. The real estate documents can made out in the name of the investor or the Private Interest Foundation( in this case, it will be clearly indicated that the primary applicant is either a beneficiary or the original facilitator). It is forbidden to make out the real estate documents in the name of a corporate organization or trust. Proof of financial ability to live well and support the family included in the application will also be required.
2) An investment of not less than $300,000 spread across three years in a Panama bank
time deposit (issued Certificate of Deposit). An extra $2,000 investment will be required for any other family members included in the visa application. The issued certificate of deposit from the Panama bank must bear the name of the primary applicant only.
3) A combination of the first two criteria
will also be permitted. That is a real estate investment in the Panama real property and the Panama bank Certificate of Deposit where the total investment will sum up to $300,000 USD or the equivalent in foreign currency. There will be an extra investment of $2,000 USD required for any family included in the visa application documentation.
PERMANENT RESIDENT PERMISSION FOR SOLVENCY REASONS
MIXED INVESTMENT (FIXED-TERM DEPOSIT AND
IMMOVABLE PROPERTY (PPT-SEP-IM)
"Foreigner who invests the minimum sum of three hundred thousand balboas (300,000.00) in
Real estate or fixed term; Or combination of both and demonstrate that the funds
They come from abroad. This Permit will be for a term of two (2) years, after
After this period the applicant may opt for permanent residence. For
Dependent must add the investment of B / .2,000.00 for each dependent, the
Which can be justified by local bank reference "
1. Power and Request (notary).
2. Three (3) photographs.
3. Copy duly matched from the passport (Notary or Correspondent).
4. Certificate of Criminal Records.
5. Health Certificate.
6. Certified Check for B / 250.00 in favor of the National Treasury.
7. Certified Check for B / 800.00 in favor of the National Migration Service.
8. Personal Background Affidavit Form.
9. Certification of the Public Registry that verifies ownership of the goods
Personal property of the applicant with a minimum value of three hundred thousand
(B / 300,000.00). The certification must indicate that the farm is free of
10. Bank certification that you have opened a deposit account with a fixed term
In the name of the applicant, for the amount of three hundred thousand balboas (B / 300,000.00)
Or its equivalent in foreign currency and with a minimum duration of three (3)
Years, in any general license bank in the national territory. This term
Must be free of charge.
11. Copy of the certificate certified by the bank.
12. In the case of dependents:
12.1. Letter of responsibility.
12.2. Constancy of kinship.
12.3. Proof of domicile
12.4. Older than 18 years to present single certificate and certified studies.
EXCEPTIONS TO THE RULE.
1. Where the property is in the name of a foundation of private interest, the
Foreigner may apply for this permit, provided that he proves that the
Founder and he or her dependents are the beneficiaries. The certificate of
Public Registry must show the designation of founder and beneficiary.
2. Applications for a permanent resident permit may be considered in
Quality of their own economic solvency, of those foreigners who have
Investment in real estate in the national territory, a minimum sum of
Two hundred thousand balboas (200,000.00) and less than three hundred thousand balboas
(300,000.00), and that for reasons of force majeure or unforeseeable event have not been able
Ownership of the property before the entry into force of this
3. The latter exception shall be verified by payment by transfer
Bank to the real estate agent in the concept of property payment and copy
Authenticated of the promise of sale contract.
DEFINITIVE PERMANENCE FOR REASONS FOR ECONOMIC SOLVENCY
OWNED BY MIXED INVESTMENT (FIXED-TERM DEPOSIT AND GOODS
To request the Definitive Permanence, the above requirements will be presented with
Exception of the Certificate of Criminal Background and the checks. Additionally
1. Peace and National Salary of Income in favor of the applicant.
Our Immigration Procedure
• Consultation services on second citizenship and permanent residency.
• Guidance from an experienced consultant throughout the entire process.
• Submission comprehensive review of your application and documents to ensure everything is in order before submission.
• Guidance on the right procedure for submission to the appropriate authorities.
• Real-time checking the status of your application.
• We ensure that your application has been prepared in a way that you have the best chance of getting an approval.
Get in touch with us today for any assistance you need in securing your Panamanian visa. Our experienced team will be very happy to help you make your immigration dreams come true.
For all your immigration worries, contact our professional team for consultation. We will offer you an assessment tailored to your specific needs and worries.
|Immigration Permits Visa|
Tourist Visa Extension Request
Migration Category Change Extension Request
Marine/Sailor Visa Application
Transient or Occasional Worker Visa Application
Visa Application for Domestic Workers
Domestic Worker Visa Application
Showbusiness Visa Application
Short Stay Visa Application
Business Short Stay Visa Application
Relatives Short Stay Visit Visa Application
Researchers and Scientists Short Term Visa Application
Short Term Medical Treatment Visa Application
Short Stay in Quality of Traders and Investors by Special Laws Visa Application
International Humanitarian Assistance Short Stay Visa Application
Banking Sector Short Stay Visa Application
Ships Passengers and Crew Recreation or Tourism Purposes Visa Request
Transit Passengers or Crew Visa Extension Request
Pacific Panama Economic Area Investor
Pacific Panama Area Workers Permit, up to ten percent (10%) of company ordinary workers, of the developer or operator
Export Processing Zones Investor
Export commercial use (Call Center) Investor Call Center
Cinematographic and Audiovisual Industry Investor
Fulbright Program of Educational and Cultural Exchange Foreigner
Married to National Family Reunion
Permanent Resident Family Reunification Dependent
Panamanian Children Abroad Family Regrouping
Fixed Term Deposit Opening Economic Solvency
Real Estate Investment Economic Solvency
Mixed Investment (Fixed Term Deposit and Real Estate) Economic Solvency
Republic of Panama and the Republic of Italy Treaty of Amity, Commerce
Republic of Panama National Foreigners of Specific Countries that maintain friendly, professional, economic investment relations
Professional Alien Quality
International Organizations Diplomats and Members of countries that maintain friendly diplomatic relations with the Republic of Panama, who have ceased to render their services in their respective positions
National Government or Autonomous & Semiautonomous entities hired Foreign
Companies under contract with the Government Foreign contract
Colon Free Zone companies Executive hired Foreigner
Compensated Abroad Foreigner who doesn`t possess Diplomatic Status
Private companies hired Foreign personnel within ordinary staff 10%.
Expert or technician Foreign hired personnel within ordinary staff 15%.
Written press, radio or international tv remunerated abroad hired correspondent Personnel
Marrakesh Agreement companies Foreign hired
Sports Professional quality
1. Panama Republic based Aviation companies employee.
2. Investment Reasons:
3. Special Policies:
Cinematographic and Audiovisual industry companies hired Foreigner
Knowledge City Foundation Researcher
Knowledge City Foundation Teacher
Knowledge City Foundation Businessman or Executive
Knowledge City Foundation Technician
Knowledge City Foundation Student
Panama Canal Authority Hired Foreigner
ACP contract Employee Subcontractor Company
Worker of the Panama - Pacific Area in favor of foreigners hired by companies from the Panama - Pacific Area, agency developer & operator, to work as specialized personnel in technical aspects and /or administrative management matters, in a percentage which exceeds fifteen percent (15%) ordinary workers
Panama - Pacific Area Workers in favor of foreigners working at the service of companies with less than ten workers
Hired Worker in positions of trust, executives, experts and/or technicians in export processing zones companies
Hired Worker in trust, executives, experts and/or technicians positions in call center companies of export commercial use for "Call Center"
Permission of personnel hired as executive of international companies whose functions have effects abroad
Multinational companies headquarters Hired Worker
4. Reasons for Education:
Education Reasons Temporary Permission
Non-profit educational programs approved by the Ministry of Education participant Temporary Resident
5. Religious Reasons:
Catholic and Orthodox Church service religious
Catholic and Orthodox Church service missionary
Catholic and Orthodox Church religious student
As authorities, ministers, rabbis, pastors, leaders or religious of other religious denominations or associations.
6. Family Reunification:
Family Reunification Temporary Resident Permit
VIII. Special Projects Department Vehicle Exoneration Requirements
IX. Voluntary Return Applying Requirements
X. Dominican – Cuban Control Sheet