Obtaining lifetime residency through Panama's Qualified Investment Immigration Program is an increasingly popular option for international investors from Asia, India and Latin America.
Besides, Panama meets the minimum standards that investors seek for asset allocation, such as Security, political stability, the dollar, banking, global connections and other competitive advantages (found in first-world countries); the Investment Program in Panama certainly has direct advantages over the North American EB-5 program.
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.
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.
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.
The Qualified Investor Migration Program in Panama also grants 2 other options to obtain residency: 1) to invest $500k in the Panama Stock Market, or 2) to open a Fixed Term account for $750k in a Panamanian bank.
In conclusion, the qualified Investment in Panama migration program is an excellent option for international investors seeking a reliable permanent residence abroad (similar to the US green card), as it is internationally recognized, cheaper, faster, and more accessible.
Panama is an excellent option if you want to move to a tropical country with first-world services, but at a low cost, with a good quality of life for you and your family. We are at your service to guide you.
PGS Attorneys. City of Panama
Immigration Lawyers
Mail@PanamaGS.com
Tel. +507-3918878
