Living abroad is not a simple task. We understand that it is a big decision, both for you, your business, and your family. That is why having a truly trained advisor and knowing in-depth all the steps necessary for proper relocation and immigration is of the utmost importance for success in your international transfer plan.
PGS Attorneys has more than 12 years of experience in the correct advice, both to families and entrepreneurs, in the due transfer and relocation into Panama. We can offer you quality legal services, real estate advice, the opening of bank accounts, among other services related to your relocation and thus initiate in a due form, a new life in Panama.
The Republic of Panama offers a unique immigration program for citizens of more than 50 countries known as the "Panama's Friendly Nations Residency Program". In approximately 3 months of an administrative process, you will be able to obtain: LIFETIME RESIDENCE, a PANAMA ID & a WORK PERMIT.
Besides, by applying international provisions of a permanent establishment, or the signature of "Double Tax Treaties" that your country may have signed with Panama, it is also possible to receive a PREFERENTIAL TAX RESIDENCY STATUS IN PANAMA.
how do you think your life should change, if you have not taken the steps to do something to change it?
The application for this residency program is not a complicated process. Basically, you should divide the migration process into 2 stages. The first one would be "the documentary preparation in your country of origin before your trip," and the second is the realization of some preparatory steps before starting your application before the National Immigration Service In Panama; for which our firm will assist you at all times.
You should prepare some minimal documents before your trip to Panama, such as: Non-Criminal Records, Marriage Certificates, Birth Certificates for kids, and a copy of your National ID. All documents must be APOSTILLE (Hague Convention) or LEGALIZED in the nearest Panama Consulate in your home country. Please contact us for detailed documents needed to apply.
After Arrival to Panama...
According to the Immigration Regulation, besides the international legalized documents needed, some elements must be explained. 1) The purpose of your relocation: Professional, Retirement or Business - 2) Your Initial Economic Solvency: Source of income to live in Panama
Photo by Frank Vessia
Parents, kids, and spouses may be included within the visa application forms, regardless of their nationalities and origins, getting the same benefits (lifetime residency) as the principal applicant. It is essential to know that kids just need a legalized "birth certificate." Still, adult sons can only apply until 25 years old, so adult sons must be enrolled at any local universities after the application because of their legal age.
It is also necessary for relocation purposes to open a Bank Account with 5,000 USD$ to prove an initial “economic solvency.” Whether for migratory purposes or for a business, it is essential banking services in Panama. The reality is that achieving it is not as simple as expected, being Panama a banking center. But we can assist you with the correct bank lobbies to achieve it.
If you are retired or pensioned from any German, Austrian, Canadian, European, or an American Public Institution, and earn a monthly payment of approx. 1,000 USD$ or 1,200 EUROS, you and your family, do qualify for a LIFETIME RESIDENCY IN PANAMA with a PANAMA ID, plus multiple tax benefits and special discounts. There is no minimum age to apply under this Pensioned Visa Program.
Panama offers a broad real estate market. In addition to the more than 400 projects in Panama City, you can find a wide variety of real estate offer on beaches, mountains, or forests. The purchase process in Panama is entirely different from the necessary documentation to make a rental. Additionally, it is vital to understand the taxes involved in real estate operations in Panama.
Our company understands the online business revolution nowadays and the need to provide legal, banking, and asset protection quality services to the new so-called "digital nomads" entrepreneurs types, with worldwide income. The proper migratory residency, added to your online business's due legal structure, can provide you trust to keep you creative in your online business ideas.
Those who wish to become citizens of Panama can only do so once they have been a legal resident of the country for a minimum of 5 years, with a PERMANENT RESIDENCY status. If you are married to a Panamanian citizen or have Panamanian children, just 3 years are needed for the application. The applicant will also need to do some examinations on subjects about Panama to obtain nationality.