Your complete guide to Panama’s investor visa for United States citizens

Panama stands out as one of the nations with the most promising financial stability for investors across various sectors today. The diverse array of businesses, coupled with a thriving business environment, makes it an appealing destination for anyone keen on launching new ventures and making investments.

If you hold citizenship in United States and are contemplating a foray into the business sector as an investor, securing an entrepreneur visa in Panama is worth considering. However, attaining this visa necessitates assistance from legal professionals. Firms specializing in this field, like Legal Solutions Panama, are equipped with experts ready to guide you through every step of the procedure.

What is the aim of an investor visa in Panama, and what advantages does it offer to foreigners?

Under Panamanian legislation, foreign investors are granted the same property and capital rights as native Panamanians. This visa also provides legal residency, enabling investment in real estate, businesses, or fixed deposits, along with access to essential services like education and healthcare in Panama.

This nation is distinguished by its robust economy and welcoming business environment, presenting investors with chances to broaden their commercial ventures. The streamlined process for opening bank accounts and carrying out international transactions, owing to its status as a financial hub, is a significant advantage.

Moreover, this visa enables applicants and their families to experience a high-quality lifestyle in a nation abundant in culture and biodiversity. The benefits of a political and legal framework that supports foreign investment, paired with the opportunity to acquire Panamanian citizenship following a residency period, render this permit an appealing choice for those considering a move to Panama.

What are the prerequisites for obtaining an investor visa in Panama from United States?

As with any legal process required in the country, acquiring an investor visa in Panama necessitates the submission of several documents:

1. Power of attorney and application, both requiring notarization along with the applicable tax stamps.
2. Four passport-size photos of the applicant.
3. A photocopy of the applicant’s passport.
4. An apostilled criminal record certificate for the applicant.
5. A health certificate from a qualified physician in the Republic of Panama.
6. A certified check for USD 250 payable to the National Treasury, which can be issued by the applicant or their legal representative. Additionally, there is a certification fee of USD 10.70 per check, which the holder must cover.
7. A certified check for USD 800 payable to the National Immigration Service, which can be issued by either the applicant or their legal representative, with the certification fee consistent with the previous requirement.
8. A Personal Background Affidavit Form to be filled out and signed by the applicant.
9. Documents required based on the type of investment:
10. For investments in real estate, the following are necessary:

• Certification from the Public Registry confirming the applicant’s ownership of the real estate under their name, with a minimum value of USD 300,000. The certification must also state that the property is free of encumbrances.
• If opting to open a time deposit, the applicant must provide:
• A bank certification confirming the establishment of a time deposit account in the applicant’s name. The deposit should be USD 300,000 with a minimum term of three (3) years and must be held with a general license bank within the national territory. This time deposit must be unencumbered.
• A copy of the fixed-term certificate, authenticated by the bank.
• Two letters of responsibility.

If you have dependents, you must consider the additional requirements to be presented.

Practical guide to obtaining your investor visa: follow the step-by-step guide

This process is straightforward. Follow these steps to ensure your visa application proceeds smoothly from beginning to end:

• Application Submission: Visit the National Immigration Service in Panama to file your application. Ensure all necessary documents are included and complete the relevant application form.
• Payment of Fees: Settle the administrative fees required for the investor visa. These fees may fluctuate, so be sure to check the most current costs when you apply.
• Application Review: Once your application is submitted, the National Immigration Service will review your case. This evaluation period typically lasts between 3 and 6 months.
• Visa Issuance: If your application is successful, you will be granted your investor visa. Carefully check the terms and conditions to ensure there are no discrepancies in the document.

Legal Solutions Panama: expert lawyers to help you obtain your investor visa

As demonstrated, applying for an investor visa involves meeting numerous requirements. Engaging with legal experts is a beneficial way to initiate this process, and Legal Solutions Panama can provide assistance right from the start.

This group of attorneys is renowned for their wide-ranging services and extensive experience in guiding clients through visa and immigration processes. To learn more about securing your investor visa with their assistance, visit their web and take advantage of a free 30-minute consultation with one of their specialists.