In recent years, Panama has gradually adjusted its migration policy, focusing its efforts on attracting and promoting foreign investment. To facilitate the application, analysis, and approval of residence permits for any foreign individual wishing to invest in Panama, establish domicile, and contribute to the country’s economy, legal tools have been created.
In this regard, the National Immigration Service created the subcategory of Qualified Investor, to which any foreigner can apply demonstrating a minimum investment of five hundred thousand dollars (US$500,000.00) in Panama, from foreign sources, either personally or through a legal entity if the applicant is the ultimate beneficiary of the shares of the legal entity holding the investment. The foreign applicant for this permit can apply for one of the following reasons:
It is important to highlight that, as a prerogative contemplated in the law, foreign applicants for this permit for reasons of investment in real estate are eligible to apply with a minimum investment of US$300,000.00 until October 13, 2024, instead of the US$500,000.00 that will come into effect after this date.
The Qualified Investor category offers several advantages not possessed by the ordinary migratory categories existing in Panama’s legal system, such as:
Likewise, in line with migration policy, the Ministry of Labor and Labor Development of Panama incorporated within its labor legal framework a category that allows the Qualified Investor to optionally obtain a work permit with minimal requirements.
For more information about the Qualified Investor permit, contact us at the following addresses: karyne.mora@kbfamilyoffice.com or tibet.palma@kbfamilyoffice.com.
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