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Investors & Businesspeople in Panama - Investment in a Film Company
Process in a Nutshell
| Requirements: Immigrant Visa
| Requirements:
Permanent Residence
| Fees &
Costs
There is an option for investors in a Processing Zone, for those who invest
at least One Hundred and Fifty Thousand Dollars (US $150,000.00). This is based
on Law 25 of 1992.
Where the investor has dependents who will also be included in the
application, an additional US$2,000.00 capital per dependent must be invested.
- Register with the Immigration Department
- Incorporate the Company, get the business license, register with Social
Security and set up the payroll (see
Doing Business in Panama);
- Register with the Technical Secretariat of the Film Commission, of the Ministry of Commerce;
- Apply for the Immigrant Visa as an Investor in a Film Company;
- Receive your temporary permit for a 3-month period (Provisional Residency Permit) from the
Immigration Department. If you would like to be able to travel out of
the country, you will also need to get the 3-month
Multiple
Entry/Exit Permit;
- Upon approval of your visa, you will be issued a 2-year residency card;
- Before your Provisional Residency Permit expires (at the end of the 2
years), you should
apply for Permanent Residency as an Immigrant Investor;
- You will be granted at this time another temporary permit (3-months) while your
paperwork is reviewed;
- Granting of your Permanent Residency by the Immigration Department, and
issuance of the letter to the Civil Registry authorising the granting of a
Cédula (see explanation regarding cédulas);
- Go to the Civil Registry and get your Cédula;
- After 5 years of Permanent Residence, you will be eligible to apply for
naturalisation and citizenship.
 |
All documents listed in the
general requirements. |
|
Certification issued by the Technical Secretariat of the
Film Commission, certifying:
 |
The Company's existence and location; |
|
That the company is authorised and registered to
operate under the special regime established by Law 36 of 2007.
|
|
|
Bank Reference Letter, certifying that the funds invested
in the company are from overseas and belong to the applicant. |
|
Proof of the investment:
|
Contract for the Sale & Purchase of the real estate
or chattels; or |
|
Rental Agreement for Commercial property;
|
|
Commercial invoices for the expenses incurred,
accompanied by a detailed inventory, prepared by the company's CPA;
|
|
Proof of payment of the Customs Duties on Imported
Goods. |
|
Note: Where the applicant has dependents,
please refer to the information
regarding dependents, on our general requirements page.
In addition to the documents presented above, you must
present:
- Certificate of Good Standing of the applicant - by
the tax authorities
- Expired Provisional Residency Permit
-
Certificate of Good Standing for the Company
- Certificate of Good Standing for the Company, by the tax authorities
Note: Where the applicant has dependents,
please refer to the information
regarding dependents, on our general requirements page.
For more information regarding the Immigrant Investor option,
please do not hesitate to send an
email.
To request an immigration form, please
email
us, or
download a
word document.
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Last modified
06-Aug-2009 16:19 -0400
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