There is no country that is unfamiliar to the economic losses left by COVID.
As we all know, there has been a tremendous collapse of the economy worldwide.
It is precisely for this reason, that the Panamanian Government, in an attempt to stimulate different sectors of the economy, launches this new Permanent Residency program.
The government aims to attract high net worth investors to promote sectors such as real estate and banking.
What will we cover in this webinar?
We will explain everything related to the qualified investor visa, how does it work, what are the general requirements, where is it filed and when is the right time to apply (panama residency).
The qualified investor visa is a subcategory created within the permanent resident category via investments.
Its legal basis is Executive Decree No. 722 of October 15, 2020 of the Ministry of Public Security of the Republic of Panama.
To acquire this permanent residence, it is necessary to make an investment in Panama of US 500,000.00 from a foreign source.
The investment could be done as an individual or through a legal entity, and such investment must be maintained in Panama for a minimum of 5 years.
We will discuss the alternatives to obtain a permanent residence in Panama via the following investments:
- Real Estate Investment that could be through a natural person or a legal entity.
- Real Estate Investment through a Promise of Sale Agreement using a trust structure.
- Investment made through a Panamanian Brokerage Firm in securities of local issuers.
- Fixed Term Deposit through a licensed bank in Panama.
Last, we will mention the advantages of qualified investor visa.
Here is the full recording of the webinar Panama Residency
If you need additional or more information on this topic or any other please contact us at our email: email@example.com
If you would like to keep up to date with all information we share at OMC Group click HERE
You can follow us on LinkedIn by clicking HERE.
To learn more about our services including:
Corporate, Administrative, Fiduciary, Compliance, Residence, Private Client and more, click HERE.
We recommend reading this article: “Choosing an advisor for Wealth Management” click right HERE.
If you are interested in our services, contact us