VISA. PERMANENT RESIDENTS PERMIT AS CITIZENS OF FRIENDLY NATIONS WITH PROFFESIONAL AND ECONOMIC TIES WITH THE REPUBLIC OF PANAMA.
Executive Decrees Nº 416 /13/June/2012 and Nº 806 /9/ October/2012.
Through the issue of the Executive Decree Nº 416/13/June/2012 and Nº 806 / 9/ October/2012, declared the subcategory of permanent residents in the group of citizens of friendly nations with professional and economic ties with the Republic of Panama.
The Friendly Nations are:
Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Croatia, Cyprus, Costa Rica, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Marino, Montenegro, Netherlands, New Zealand, Norway, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom (Great Britain & Northern Ireland).
In Addition of all common requirements for all Permanent Resident Permits ( ) the Executive Decrees require the following documents:
1. Three (3) Passport Size Photos;
2. A written Statement describing the economic or professional activities to be conducted by the applicant in Panama. These can be explained in the following manner:
(a) Economic Activity: Presenting documentations that the applicant is a member of the Board of Directors or shareholder of a Panama Corporation or is the owner of a Panama company, etc.
Please, take note that the economic activity cannot be one reserved for Panamanian nationals such as a retail business.
(b) Professional Activity: Presenting proofs that the applicant is working in a Local Business.
Please, take note that the applicant must provide proof of an employment contract, also that the company or business is legally registered, work permit, Social Security number, etc.
3. Proof of Solvency: In addition to the documents that demonstrate the applicant’s economic or professional activity the applicant must also provide the following:
(a) Proof from a Panama bank that the applicant has at least $5,000 USD deposited on his/her name.
(b) Proof of income such as employment salary with a letter from the employer which includes applicant’s social security number and work permit.
4. Copy of Applicant’s I.D.: From applicant’s country of origin such as driver’s license or government issued photo I.D. This is in addition to the passport to prove residency and citizenship. This document must be Apostilled or authenticated by a Panamanian consulate and, if the case, translated to Spanish language.
5. Dependents require a letter of responsibility from the primary applicant.
Dependents, such as the spouse and/or children up to the age of 25 if they are full time university students, can be benefited also with the benefits of the present Executive Decree.
The applicant must provide a written letter of responsibility regarding the dependents.
6. Observe with the legal and regulatory standards for Panamanian business, employments or similar, regarding the economic activities to be performed.
Should you have any further questions or doubts, do not hesitate to contact us at email@example.com.
JOHNNY A. GRIFFO A.
PTY LEGAL CONSULTING
Lawyers in Bocas del Toro and Panamá
Abogados en Bocas del Toro y Panamá
(+507) 757-9809 / 66780600