Panama New Immigration Laws
Panama new immigration laws could affect your next investment as of August 26, 2008. New investment or monetary requirements are higher if you apply for a residency Visa. For example, “The Forestry Investor Visa" have had two options, the Small Forestry Investor Visa and the Large Forestry Investor Visa. The requirements include investment in approved forestry projects of $40,000 and $80,000. The new amounts will be $60,000 and $80,000. "The Person of Means Visa" minimum investment for this visa increases from $200,000 to $300,000. If you plan to live in Panama and will not generate an income, this may be the best option for you. To qualify you must invest $300,000 in property in Panama or you may place $300,000 in a fixed-term deposit, or split the $300,000 between a property purchase and fixed-term deposit.
For current investment opportunities in Panama, please contact Carlos J. Gil, Certified International Property Specialist at (772) 224-9011 or carlosjgil@comcast.net