In Panama you can find an alternative to live, do business or work in a company, if your country is in the list of nations that maintain excellent relations with Panama then you 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, Slovak Republic, San Marino, Serbia, Sweden, South Africa, Switzerland, Taiwan, Uruguay.
What you should know about this Permit or Visa:
It offers you the opportunity to have permanent residence in Panama in a very simple way, and also to obtain a Panamanian identity card, we have designed frequently asked questions and answers that may help for your case.
How can you obtain your Residence with the friendly countries visa?
You can apply in 2 ways:
Creating a company or corporation.
This option is the most viable to get 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 it because you can also get your work permit once your residence is approved.
What do you need to start the immigration process?:
Our office Can guide you to get the following documents during your trip to Panama so you do not need to bring them from abroad:
What do you need to open the account?
How long does it take to open a bank account in Panama?
Really opening a personal account in Panama is very fast it can take 3 to 5 business days if you have all the documents.
What do I need to create the corporation?
How long does it take to create a corporation ?:
From 3 to 5 business days.
What expenses does a corporation have?
Annually corporations pay $ 300.00 dollars of annual single tax, plus resident agent or law firm.
How can I get my work permit in case 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
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 your legal residence in Panama, you should not remain for more than 2 consecutive years outside of Panama so that your permit remains 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 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 keep in mind that you need multiple exit and return visa so you will avoid being fined $ 2000.00 dollars.
PANAMA LAWYERS, will be pleased to help you legalize your residence in Panama.
Does a company offer you a job offer, with a salary of not less than $ 850.00, hired low 10% of ordinary staff?
In the event that a company hired 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 data of the employer are recorded.
Once you have all the documents of the company plus the basic requirements required by migration:
The lawyer appointed by our firm will gather all the documentation and will present it at the National Immigration Service.
How long does it take to process a work permit ?
Once all documents are presented 3 or 4 months.
You must keep in mind that you can work only when you have your work permit approved.
This permit gives you residence within 2 years of having your immigration card.
Additionally you are conditioned to keep your job as your residence depends on your job stability.
Dependents of permanent residents may be the following: wives, parents, children under 18 years of age, and up to 25 years of age and always when they are studying a university degree.
Dependents can not work or practice restricted careers in Panama.
Dependents are also required to pay the government repatriation and the deposit to the national treasury
In the event of having an inquiry do not hesitate to let us know.