Self Economic Solvency Visa
Law Number 16, of June 30, 1960 created this program to offer international investors the opportunity to obtain legal residency, citizenship (and passport) in Panama through certain investments in the Republic of Panama.
The Self-Economic Solvency Visa offers three (3) different investment options to qualify for residency status in the Republic of Panama;
Agricultural Investor Visa
Law number 16 of 1960 created this program (“Visa en Calidad de Agricultor”) as a means to offer foreigners the opportunity to become permanent residents and citizens in Panama by investing in farms and agriculture in the Republic of Panama.
Small Business Investor Program
This program allows foreign business owners to obtain legal residency in Panama under thecondition that they invest a minimum of US$40,000 in either a new business venture, or an established company in Panama. Part of the requirement is that the business must employ at least 3 Panamanian employees paying them at least minimum wage, with social security benefits.
Tax Free Processing Zone Investor Progam
This program allows foreign investors to obtain legal residency in Panama under the condition that they must rent a plot of land or an office or building (rented through a 10 to 20 year concession) within one of the new tax free processing zones in Panama,for the purpose of operating a business from Panama that exports its products or services.
Panama Permanent Residency
This program allows foreigners to obtain legal residency in Panama under the condition that they are retired or pensioned. According to the Immigration Department of Panama, there is no minimum age required to qualify. The applicants' retirement income (or pension income) must be at least US$500 per month. For each dependent, the retirement income (or pension income) amount must be increased by US$100.
For more information, please visit:
http://www.panamaexpertos.com
