Residency Program for Qualified Investors in Panama
It's no secret that Panama is a popular destination for people worldwide looking for a 2nd home. With its beautiful beaches, tropical climate, friendly people, and low cost of living, it's easy to see why Panama is such an attractive option. If you're concerned about the cost of working with an immigration lawyer, remember that the low cost of living in Panama makes it a much more affordable option than many other countries.
We are a law firm in Panama City with more than 20 years specializing in immigration and residency matters, we offer comprehensive services to assist you throughout your application process.
How to do it?
Take the first step to change your life
It's no secret that Panama is a popular destination for people worldwide looking for a 2nd home. With its beautiful beaches, tropical climate, friendly people, and low cost of living, it's easy to see why Panama is such an attractive option. If you're concerned about the cost of working with an immigration lawyer, remember that the low cost of living in Panama makes it a much more affordable option than many other countries.
If you're considering moving to Panama, one of the first things you'll need to do is navigate the immigration process. Here are just a few of the reasons why you should consider working with PGS if you're planning to move to Panama:
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Expertise in Panama immigration law. Immigration laws and procedures can be complex and confusing. An experienced immigration lawyer can help you navigate the process and ensure you follow all the steps to obtain the correct visa or residency status in Panama.
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Assistance with paperwork. The immigration process often requires a significant amount of paperwork. PGS as an immigration lawyer, can help you gather and organize all of the necessary documents and ensure that everything is submitted correctly and on time.
Steps for a seamless transition:
Before Departure
You should prepare some minimal documents before your trip to Panama, such as Non-Background Records, Marriage Certificates, Birth Certificates for kids, and a copy of your National ID. All documents must be APOSTILLED (Hague Convention) or LEGALIZED in the nearest Panama Consulate in your home country. Don't hesitate to contact us for detailed documents needed to apply.
After Arrival
Besides an initial meeting with us, the additional steps are done before the National Immigration Service in Panama City when any residency options are ready. Our firm will assist you at all times.
WHY THE INVESTMENT VISA IN PANAMA IS BETTERTHAN THE EB-5 PROGRAM?
Obtaining lifetime residency through Panama's Qualified Investment Immigration Program is an increasingly popular option for international investors from Asia, India, and Latin America. In addition to the fact that Panama meets the minimum standards that investors seek for asset allocation: security, political stability, use of the dollar, banking, and global connection, among other competitive advantages (like first-world countries), Panama Qualified Investor Program certainly has direct advantages over the U.S. EB-5 program, in several aspects.
Investment: First, the qualified investment program in Panama (under Decree 722 of 2020) is significantly less expensive than the EB-5 program. The EB-5 program requires a minimum investment of between $800,000 and $1,000,000 in purchasing property, establishing a business, or participating in a project or fund approved by the authorities. On the other hand, the qualified residency program in Panama only requires an investment of $300 K (until October 2024) with the purchase of a property to obtain a lifetime residency, with no additional requirements. The EB-5 program, on the other hand, requires the creation of at least 10 local jobs in addition to the investment to obtain residency.
Time frame: In terms of time, the Panama Qualified Investment Program is much faster than the EB-5 program. The process to obtain residency through the EB-5 program can take several years, while obtaining permanent residency in Panama takes only 30 days once all required documentation has been correctly submitted to the Panamanian Immigration Service.
Documents: As for the requirements and documents, the EB-5 program requires a large amount of documentation, while Panama only requires the purchase of the property registered in the Public Registry as "proof of investment," plus the essential applicant's and family documentation, such as backgrounds, passports, birth certificates, and similars, to receive the proper approval.
Get Started Today!
Ready to embark on your journey towards residency in Panama? Get in touch with our experienced team today. We are here to answer your questions, provide expert advice, and guide you every step of the way. Start exploring the endless possibilities that Panama has to offer to you.
