Investors & Businesspeople in Panama - Investment in an operating business
($160,000.00)
Process in a Nutshell
| Requirements: Immigrant Visa
| Requirements:
Permanent Residence
This requires an investment of $160,000.00 into a company licensed to operate
in any part of Panama.
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);
- Apply for the Immigrant Visa as an Investor;
- 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.
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
- Certificate of Good Standing of the company - by the tax authorities
- Company's tax return, with the original payment receipts. This
must show a paid in capital of at least $160,000.00.
- Copy of the Form 03, submitted with the Tax Return
- Certificate of Good Standing from the Social Security Board
- Expired Provisional Residency Permit
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
05-Aug-2009 10:19 -0400
