Immigrant
Visa and Residence Permit showing
Personal Financial Solvency
To grant an Immigrant Visa and Residence
Permit due to Personal Economic Solvency
for a foreigner or family group that
wants to immigrate.
This immigrant’s visa and the
corresponding resident permit can be
requested by a family group that wants
to immigrate all together and establish
their permanent residence at the
Republic of Panama. The family group
must prove that they have, and bring
along with them into the country, the
proper financial means to support the
family expenses such as housing, food,
education, health, transportation and so
on. This visa can only be requested by a
family composed by: a) a couple
(formally married according to the
Panamanian law).
b) The parents of the principal
applicant. c) Minor children; d)
Single dependents (sons or daughters)
over 18 years of age but
under 25 years of age, regular students
attending high school or university
studies can’t apply to this visa,
brothers or sisters, over legal age
married children, nor brother or sister
in law or cousins.
Important: If any of the members of the
family group is going to arrive to
Panama afterwards, then this individual
has to do it after the request of
immigrant’s visa was granted to the
family. In this case, the person must
request an Immigrant visa as a dependent
of a family resident.
Processing time frame:
2 to 4 months
 |
One month before the termination of
the one year Residence Permit that
is granted with the Immigrant Visa,
the petitioner may apply for the
Permanent Residence, with the right
to apply for a Panamanian Cedula (I.D.
Card) |
|
|
All those nationalities that
require a Consulted Visa must
present with any request, a VALID
VISA CERTIFICATION TO PROCESS A
RESIDENCE, issued by the Consulted
Visa Department of the National
Directorate of Immigration and
Naturalization.
|
REQUIREMENTS:
Power of attorney and request by
means of a lawyer
Certified or cashier’s check in the
amount of B/ 100.00 in favour of the
National Treasury.
Certified or cashier’s check in the
amount of B/. 500.00 in favour of the
“Ministerio de Gobierno y Justicia”
(Ministry of Government and Justice) as
a repatriation’s deposit [applicable
to persons older than 12 years]
Good Health Medical Certificate
[: issued within the three (3) months
prior to the presentation date (it must
have date, signature and seal with the
doctor name, including the code and
register number of the physician.]
Penal history
and police record issued by the country
where the applicant has resided for the last two
years, (if the interested party has
been in Panama for the last two or more
years on a consecutive time, this
document will not be necessary).
Passport of the country of origin
[... with a minimum of six months
validity time]
Complete copy of the passport
[.of all the applicants]
Two (2) Recent
Passport size photos
[...of
every one pertaining to the family group
dated (no hats or veils and front face)
Proof
of kinship
[.Marriage certificate and /or Birth
Certificate of every children for whom
the visa is requested, according to the
case]
Letter of responsibility [signed
by the spouse
that claims to be the head of the family
and income provider, which will allow
the members of the family to support
their basic needs such as a home, food,
education, transportation, health
expenses and so on. ]
Visa Request: [... To apply for
this visa, the foreigner must comply
with one of the following options: 1. a
time deposit account, on his name, with
a minimum of two years extendible time
deposit in a local bank and a minimum
amount of Two Hundred Thousand American
dollars (US$200,000.00). This time
deposit must be free of liens. The
fulfilment of this requirement must be
verified by means of a certification issued by
the bank where the time deposit is
registered at, and the time deposit number
must be certified; also the time period
of the deposit must be specified.
Additional to the above, an
authenticated copy of the time deposit
certificate or agreement by the bank,
must be attached or 2). The ownership,
within the national territory of a real state property
(free of liens) for the
amount of Two Hundred thousand
(B/200,000.00), or 3). The ownership,
within the national territory, of a real
state property in the amount of Eight
Thousand Dollars (B/80,000.00), plus a
two year time deposit in a local bank,
with the minimum amount of One Hundred
Twenty Thousand (B/120.000.00). This
will be proved by the means of a Public
Register Certification of the property
in behalf of the petitioner and a letter
issued by the bank where the time
deposit is stating that it is free of
liens, the time deposit number, and
the term. Additional to an
authenticated copy of the time deposit,
a certificate or agreement by the bank
must be attached.]
Provide proof of the amount and source
of income that will support the
petitioner’s general expenses and of his
dependent(s).
Immigrant visa and Residence permit
granting a Forest Investor of a Macro
Business.
Who may apply to this immigrant visa?
Foreigners who make direct investments
in reforestation activities. The
investment can be done as natural
persons or through a corporation when
the investment is no less than
US$80,000.00.
The foreign applicant must prove to the
National Directorate of Immigration and
Naturalization the source of funds that
he has effectively invested in the
plantation of forest species for
commercial, environmental, tourist aims
or others.
When the Immigrant visa has been
approved, the foreigner receives a
resident permit for one year and a month
before it expires, the petitioner can
request his definitive permanency.
Only a single foreigner and its
employees by company will be admitted
and the attempt of violation or the
violation of this requirement will bring
as a consequence the denial of the
request and the obligation to leave the
country.
REQUIREMENTS:
Power of attorney and petition by means
of a lawyer
Certified or cashier’s check in the
amount of B/. 100.00 in favour of the
“Tesoro Nacional” (National Treasury).
Certified or cashier’s check in the
amount of B/. 500.00 in favour of the
“Ministerio de Gobierno y Justicia”
(Ministry of Government and Justice) as
a repatriation’s deposit
[applicable to persons older than 12
years]
Good Health Medical Certificate
[: issued within the three (3) months
prior to the presentation date (it must
have date, signature and seal with the
doctor’s name, including the code and
registration number of the physician.]
Penal history
and police record issued by the country
where the applicant has resided for the last two
years, (if the interested party has
been in Panama for the last two or more
years on a consecutive time, this
document will not be necessary).
Passport issued by the country of origin
[ .. with a minimum of six months
validity time]
Complete copy of passport
Two (2)
Recent Passport size photos
Certification of the Secretary or
Treasurer of the company, where the
title of the shares issued in favour of
the foreign applicant is credited and
stating that shares are released and
properly paid (the shares must be of a
minimum value of US$80,000.00). The
certification must be signed before a
Public Notary and it does not have to be
subscribed by the interested one.
Certification issued by a Certified
Public Accountant (CPA), where the total
direct invested amount in the
reforestation activity by the petitioner
is detailed and certifying that the
investor owns the capital. The C.P.A.
must attach copy of the petitioner’s
identification card and the C.P.A.’s
carnet.
Copy of the share certificate or
certificates issued to the forest
investor.
Authenticated copy by the Ministry of
Economy and Finances [.. of the Income
tax form along with its payment
receipts. If a yearly fiscal period has
not concluded since the starting of
operations of the company, instead of
the income tax form, a copy of the
Taxpayer Registry (Registro Unico) along
with the original receipt must be
supplied to be compared. ]
Authenticated photocopy [.. of the
National Authority of the Environment’s
resolution where the legal entity or the
foreigner was approved to be registered
in the Forest Registry. ]
Proof of the investment made [... in a
direct form in reforestation activities,
by a minimum of US$ 80,000.00 which can
be demonstrated with documents such as:
certificate of the Public Registry
issued to the name of the interested
party, in which the inscription of the
property that will be destined to the
reforestation is registered,
authenticated photocopy of the checks
that were made as investment in
reforestation, with paid seal of the
Bank and the corresponding invoice,
customs liquidations of machinery to be
used in the reforestation project or
another document that certainly proves
the investment made in reforestation ]
Complete the form of Sworn Declaration
of Personal Background
Temporary Residence Visa as an
Independent Retired
Who may request a Temporary Residence
Visa with an Independent Retired Status?
All those foreigners that earn a minimum
monthly income of Seven Hundred Fifty
(US$750.00), that proceed exclusively
from the interest of a five year period
time deposit at “Banco Nacional de
Panama” (National Bank of Panama). The
petitioner can bring his (her)
dependents into the country (Are
considered as such, the parents, spouse
or minor children or those who
are of legal age but under 25 years of
age,
single and without children that are
attending regular studies on an
educational institution duly recognized by the Ministry
of Education. The permit is granted for
five extendable years and a special
Panamanian passport is issued for the
same length of time. This visa
does not grant work permit.
REQUIREMENTS:
Power of Attorney and request through a
lawyer
Health Medical Certificate
[…issued within the three (3) months
prior to the presentation date (it must
have date, signature and seal with the
doctor name, including the code and
register number of the physician)].
Penal history
and police record issued by the country
where the applicant has resided for the last two
years, (if the interested party has
been in Panama for the last two or more
years on a consecutive time, this
document will not be necessary).
Passport issued by the country of origin
[...with a minimum of six months
validity time and a complete photocopy
of the passport, duly authenticated
before a Public Notary].
Four (4) recent passport size photos
(no hats or veils and facing front].
Certification from “Banco Nacional de
Panama” (National Bank of Panama)
confirming
that petitioner earns an
income of Seven Hundred and Fifty
dollars (B/.750.00) in monthly interest,
that proceed exclusively from a five
year period Time Deposit, that is free
of liens
or that is not used as collateral.
Photocopy of the Time Deposit
certificate or contract
duly authenticated by “Banco Nacional de
Panamá” (National Bank of Panamá).
Personal Background Sworn Declaration
[… duly signed by the interested party
and by an authorized official of the
National Directorate of Immigration and
Naturalization or whoever receives the
petition. (Form supplied by the
National Directorate of Immigration and
Naturalization).]
Indefinite Residence Permit granted
according to the Friendship and
Bilateral Cooperation Agreement between
Italy and Panama.
To grant a Permanent Residence Permit
according to the Friendship and
Bilateral Cooperation Agreement between
Italy and Panama, based on Law 15 of
February 1 of 1966.
Who can apply for this Permanent
resident permit?
This permit is granted exclusively to
nationals of Italy that want to establish a
permanent residence in our country in
accordance with the bilateral agreement
between Panama and Italy, which allows
the Italians and dependents to reside
and work for indefinite time in the
Republic of Panama. When
the petition is approved, an Indefinite
Residence Permit is issued. This residence
permit does not allow the naturalization
status.
Processing time frame:
1 to 3 months.
REQUIREMENTS:
Power of attorney and request by means
of a lawyer
Certified or Cashier’s check in the
amount of B/ 100.00 in favour of the
“Tesoro Nacional” (National Treasury).
Health Medical Certificate
[…issued within the three (3) months
prior to the presentation date (it must
have date, signature and seal with the
doctor name, including the code and
register number of the physician)].
Penal history
and police record issued by the country
where the applicant has resided for the last two
years, (if the interested party has
been in Panama for the last two or more
years on a consecutive time, this
document will not be necessary).
Passport issued by the country of origin
[...with a minimum of six months
validity time and a complete photocopy
of the passport, duly authenticated
before a Public Notary].
Two (2) Recent passport size photos
(no hats or veils and facing front]
Proof of financial solvency of the
petitioner
(Bank reference or updated
Income Tax Form, including payment
receipts (if the petitioner had a
temporary residence in Panama). If
photocopies are presented, have to be
authenticated by the Internal Revenue
Office.
Dependents inclusion
(spouse, dependant parents, minor
children and
under 25 years of age if they are full
time students,
singles and without children of their
own) the
requirements of the resident permit as
Dependant’s Resident Status, proving the
relationship and that the resident owes
the proper economic solvency has to be
provided, according to the Executive
Decree No. 52 of February 19 of 2003 (a
minimum of Five Hundred dollars per
month ($500.00) and an additional
Seventy Five dollars ( $75.00), or its
equivalent, per each additional
dependant.
Personal Background Sworn Declaration
[… duly signed by the interested party
and by an authorized official of the
National Directorate of Immigration and
Naturalization or whoever receives the
petition. (Form supplied by the
National Directorate of Immigration and
Naturalization).]