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Fees & Costs for the "Solvencia Económica" -
Personal Income Visa*:
Our fees have been established, taking into account the rules established in
the
Panama Law Society Rates of Minimum Professional Fees for Lawyers.
NOTICE:
As of July 1, 2010 our sales tax (ITBMS) has increased to 7% and applies to all
services offered by law firms, and will be charged accordingly to clients.
*USD$300,000.00 or more invested in a time deposit in a local bank or in real
estate
[year one - immigrant visa] [year
three - permanent resident] [naturalisation]
Year One - Immigrant Visa
Principal Person:
| $250.00 |
Tesoro Nacional application fee |
| $800.00 |
Repatriation Deposit |
| $300.00 |
Approximate out of pocket expense (medical certificate,
notary fees & costs, temporary card (3 months), temporary multiple
entry/exit permit (3 months), stamp duty, authentication fees, etc.)* |
| $1,250.00 |
Legal Fees |
| $50.00 |
Immigrant Card |
| $2,650.00 |
Approximate Total |
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Clients will be requested to provide Gray & Co. with an
$1,400.00 prepayment before submitting the immigration application. |
Spouse or other Dependent (each):
| $250.00 |
Tesoro Nacional application fee |
| $800.00 |
Repatriation Deposit |
| $200.00 |
Approximate out of pocket expense (medical certificate,
notary fees & costs, temporary card (3 months), temporary multiple
entry/exit permit (3 months), stamp duty, authentication fees, etc.)* |
| $300.00 |
Legal Fees |
| $50.00 |
Immigrant Card |
| $1,600.00 |
Approximate Total |
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Clients will be requested to provide Gray & Co. with an
$1,300.00 prepayment before submitting the immigration application. |
Because of the Repatriation Deposits, we anticipate that for a couple, the
total cost is around $4,200.00 including the fees
& expenses.
Please note that the out-of-pocket expenses are based on the assumption that
the client will obtain all authenticated documents in their country of origin,
and that we will not be required to send courier packages or documents to the
Panamanian Consulate of that country. If we are required to send documents
back to that country of origin, please note that the following additional
charges will be incurred:
| $120.00 |
Courier package to the Panamanian Consulate. Courier
package from the Consulate back to Panama. |
| $30-$100.00 |
Depending on the consulate, the prices for authentication
vary. The authentication may be anywhere from $30.00 per document up
to $100.00 per document. Where possible, we would try to use
Apostille, if it is less expensive. |
| $10-$50.00 |
Certificate of Good Standing or other documents. |
Year Three - Application for Permanent Residency Status
Principal Person:
| $250.00 |
Approximate out of pocket expense (medical certificate,
notary fees & costs, temporary card (3 months), temporary multiple
entry/exit permit (3 months), stamp duty, authentication fees, etc.)* |
| $800.00 |
Legal Fees |
| $100.00 |
Permanent Residency Card |
| $250.00 |
Application for Cédula to Registro Civil |
| $1,400.00 |
Approximate Total |
Spouse or other Dependent (each):
| $150.00 |
Approximate out of pocket expense (medical certificate,
notary fees & costs, temporary card (3 months), temporary multiple
entry/exit permit (3 months), stamp duty, authentication fees, etc.)* |
| $250.00 |
Legal Fees |
| $100.00 |
Permanent Residency Card |
| $150.00 |
Application for Cédula to Registro Civil |
| $650.00 |
Approximate Total |
Since this is about six years away, we are not prepared to provide an
estimate of the fees and costs at this point in time.
Payments can be made via Visa or Mastercard. Please see our Credit
Card Authorisation Form.
[ Credit Card Form ] [ Estate Planning ] [ Foundations ] [ Pma IBC ] [ Pma Business Corp ] [ Lawyer Fees ] [ Immigration Fees ] [ Real Estate ]
[ Investor Visas ] [ Special Temporary Visa ] [ Foreign Executive ] [ Pensioner Visa ] [ Work Permit ] [ Marrakech Work Permit ] [ Married to Panamanian ] [ Solvencia CD ] [ Micro Reforestation ] [ Macro Reforestation ] [ Missionaries ]
Last modified
06-Jul-2010 16:00 -0400
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