Panama friendly nations visa – Requirements – Process – Program

PANAMA Friendly Nations Visa: Residence in Panama; Permanent Residency in Panama; Work Permit Requirements

Panama friendly nations visa is a good option for legalization in the country. It is one of the ways to obtain permanent residence.

A visa from a Panama-friendly country is an excellent option for legalization in the country.It is one of the ways to obtain permanent residence.

In Panama, you can find an alternative to living, doing business, or working for a company. If your country is on the list of nations that maintain excellent relations with Panama, then you have found the perfect destination to start a new life in a friendly and comfortable country.

The immigration law through Decree No. 416 of June 15, 2017, which was amended by Decree No. 1174 of November 28, 2013, includes the following countries:

Germany, Andorra, Argentina, Australia, Austria, Brazil, Belgium, Canada, Croatia, Chile, Costa Rica, Cyprus, Denmark, Estonia, Finland, France, Germany, Great Britain, Holland, Hong Kong, Hungary, Ireland, Ireland, Northern Ireland, Israel, Japan, Latvia, Liechtenstein, Luxembourg, Malta, Mexico, Monaco, Montenegro, Lithuania, Norway, New Zealand, Paraguay Poland, Portugal, the Slovak Republic, San Marino, Serbia, Sweden, South Africa, Switzerland, Taiwan, and Uruguay

What you should know about the Panama – friendly nations visa?

It allows you to obtain permanent residence in Panama in a very simple manner, as well as a Panamanian identity card. We have created a list of frequently asked questions and answers that may be useful in your case.

How do you get a residency visa with the Panama -friendly nations visa?

You can apply in two ways:

Option number one:

Creating a company or corporation

This option is the most viable for getting your permanent residence because it allows you to live in Panama in such a way that you do not need to depend on a company, but if you want to find a job, you have the option to do so because you can also get your work permit once your residence is approved.

What do you need to start the immigration process?

• Create a corporation; it must have 3 directors, and you must be a shareholder for at least 50% of the shares.
• Open a bank account. This amount must have the sum of $ 5000.00, and if you include family, you must deposit $ 2000.00 for each dependent. This money is yours; the Panamanian government will not charge you for this quantity; it is only a requirement.
• identity document for your country.
• Certificate of Criminal Record or Police Record duly notarized or notarized by the Panamanian consul abroad
• If it is a marriage, you must bring a marriage certificate with an apostille or notarized by a Panamanian consul abroad.
• A birth certificate must be apostille-certified or authenticated by a Panamanian consul abroad if you have children.

Our office can assist you in obtaining the following documents during your trip to Panama, eliminating the need for you to bring them from abroad:

• medical certificate of good health
• 4 photos, passport size.
• Personal Background Statement (this is the document you will be given when you come to our offices).
• Proof of residence
• bank reference letter.

What do you need to open the account?

• bank reference letter from a bank
• Income statements corresponding to the last fiscal period or documents proving that you pay tax in your country
• Commercial reference letter (in our office, we can make a reference letter so you can present it to the bank).

How long does it take to open a bank account in Panama?

Opening a personal account in Panama is very fast; it can take 3–5 business days if you have all the documents.

What do I need to create the corporation?

• copy of the passports of the directors.
• Fill out the form with the questions that our office will send you.

How long does it take to create a corporation?

from 3 to 5 business days.

What expenses does a corporation have?

Corporations pay a single annual tax of $300 plus the cost of a resident agent or law firm.

How can I get my work permit if I want to work in Panama?

Once your residence in Panama is approved, you can start with your paperwork to obtain your work permit requirements:

Work permit requirements

• Copy of migration resolution authenticated by migration
• certificate showing your immigration status and must contain eight dollars in stamps.
• a copy of your migration card duly authenticated by a Panamanian notary.
• You must submit four full-size photos.
• Power of Attorney and Lawyer Application

How long should I wait for my work permit to be approved?

a minimum of 3 months once all documents are submitted.
Once you have obtained legal residency in Panama, you must not leave the country for more than two years in order for your permit to remain valid.

What expenses do I have to pay to start my legalization process?

• Attorney’s fees.
• The creation of the corporation
• The money you must have in your bank account
• Payment of $ 800.00 in repatriation to the Government of Panama
• Children under the age of 12 are exempt from paying the $ 250.00 repatriation fee to the national treasury.

How many days do I have to stay in Panama to complete my legal procedures?

You must remain in Panama for approximately 15 business days, but if you go ahead with the creation of the company before you come to Panama, you can reduce it to 10 business days.

You must remember that you will need multiple exit and return visas to avoid being fined $2,000.00.

Panama’s lawyers will be pleased to help you legalize your residence in Panama.

Option N2 °:

Does a company offer you a job with a salary of at least $850.00 but hire less than 10% of its regular employees?

In the event that a company hires you as an employee, you will need a work permit and a work letter specifying your name and your salary.

Your employer must give you the following documentation:

-Certificate of Public Registry, where the employer’s data is recorded.

• Proof of affiliation with social security
• The national income is in good shape.
• Work contract
• Commercial license

Once you have all of the company’s documents as well as the basic requirements for migration:

The lawyer appointed by our firm will gather all the documentation and present it at the National Immigration Service.

1. Copy of identification card or migration ID
2. original and certified copy of the latest social security form, where your affiliate registration is recorded.
3. commercial license for the company
4. Four (4) photos the same size as the one that appears in your passport
5. certificate stating your immigration status
6. Contract of work endorsed by the Ministry of Labor
7. Certificate of Public Registry for the company
8. Copy of the passport’s General Section
9. Power of attorney

How long does it take to process a work permit?

It takes 3 to 4 months once all documents are submitted.
You must keep in mind that you can work only when you have your work permit approved.

This permit gives you residence within two years of getting your immigration card.

Additionally, you are conditioned to keep your job, as your residence depends on the stability of your job.

Dependents:

Dependents of permanent residents may be the following: wives, parents, and children under 18 years of age and up to 25 years of age, and always when they are studying for a university degree.

They are unable to work or pursue restricted careers in Panama.

They must also pay the government repatriation fee and the deposit to the national treasury.

In the event that you have an inquiry, do not hesitate to let us know.