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Immigrant Investor Programme |
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Retiree Residence Programme |
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Pensionado Residence Programme |
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Panamanian Citizenship |
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Residence in Panama Panama is one of the most attractive locations for residence in America. Panama offers foreigners the possibility of acquiring residence status, either as a financially independent person/retiree or as an investor. As an investor, permanent residence status may be obtained through a very efficient, straight-forward programme on the basis of a US$ 40,000 investment in one of the government-approved reforestation projects. This immigrant investor status qualifies for Panamanian citizenship and a citizen's passport after five years of residence |
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As a financially independent person/retiree one can obtain non-immigrant residence status on the basis of a time deposit with the Banco Nacional de Panama (National Bank of Panama), for a minimum period of five years, which must generate a monthly interest of not less than US$ 750.
Under the Retiree Residence Programme, a Panamanian non-citizens passport can be obtained right away by the person obtaining such residence status. Although this residence status does never lead to citizenship and the passport issued on this basis is clearly a non-citizens passport, it may nevertheless be a very attractive option for someone who wishes to reside in Panama and/or simply wishes to obtain an alternative travel document immediately.
Furthermore, there exists a residence permit category (the Pensionado Residence Programme) for foreigners who receive a life pension of at least US$ 500 per month.
All residents of Panama enjoy a privileged tax status as in principle
only local-source income is taxed. As long as the resident abides by
the rules of the respective residence permit, the resident permit holder
need not spend any particular time actually residing in Panama.
Panamanian Citizenship
Panamanian citizenship may be applied for by all foreigners who have been conferred immigrant status, after a period of five years following the date of approval of the Immigrant Visa (“Provisional Resident Permit”). For immigrants married to Panamanians or with Panamanian children, this period is reduced to three years.
Immigrants from countries
which grant to Panamanians the right to naturalization within a period
of time shorter than those mentioned above, may in reciprocity, benefit
of the same period of time.
Houses and gardens in a teak plantation reforestation
project
Some of the many advantages of Panama include:
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Economic stability, strategic location, English- and Spanish-speaking environment |
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Very good flight connections to the USA and South America |
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First-class infrastructure in Panama City |
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US Dollar is the official currency |
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One of the world's leading banking centres |
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Attractive lifestyle |
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Attractive conditions for residence |
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Possibility to obtain a passport immediately, citizenship after five years |
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Tax-free environment for business and residence |
Further Information
Through its office in Panama City, Henley & Partners provide a complete range of services, including advice and assistance regarding the different residence programmes and the acquisition of real estate. Please contact us for more information.
