This visa allows foreign investors in Panama to obtain legal residency on the condition of renting land, offices or buildings within one of the newly designated ‘tax-free processing zones’. The drive to increase the number of foreign investors in Panama comes with the added caveats of long term rental concessions and sizable tax breaks for investors on a range of goods and services that are made locally and exported globally.
All new zones have similar tax features to the existing Colon Free Trade Zone, the world’s second largest distribution center. This has seen an influx of foreign investment in areas such as software, manufacturing and call centers. Additional tax breaks are also available for a percentage of any goods produced that are made and sold within Panama.
We will assist you with all documentation to be obtained in Panama.
On arrival in Panama, all applicants and dependents must also undergo a medical examination in order to receive a Certificate of Good Health. A licensed physician must sign these Certificates, indicating that all applicants are of sound physical and mental health, and carry no communicable disease threat. This medical exam must be completed on your initial visit.
Once visas have been approved, we recommend that all applicants remain in Panama for between 10-14 days. Immigration can hold passports for up to 5 days whilst all necessary paperwork is completed. Formal dress is required: applicants in shorts, t-shirts and sandals may be refused entry.
For more information about Panama and our services:
Why You Need A Plan B
Threats to Your Assets
Global Diversification Planning