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.
You can apply in two ways:
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.
Opening a personal account in Panama is very fast; it can take 3–5 business days if you have all the documents.
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:
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?
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.
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.
-Certificate of Public Registry, where the employer’s data is recorded.
The lawyer appointed by our firm will gather all the documentation and present it at the National Immigration Service.
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 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.