Reforestation Visa
About Panama
Panama is a small, beautiful country located in Central America; bordered by the Caribbean on the North, the Pacific Ocean on the South, and connected by the infamous Panama Canal. While mountainous terrains and rich forest canopies cover half the country, this tropical paradise also offers over 1550 miles of coastline with some of the world´s most spectacular beaches.
Panama is the fastest growing economy in the Americas and has become a well-known international hub for business and living. With the highly developed banking sector, sophisticated infrastructure for commercial and financial activities, and the territorial tax system, Panama is on the list of top offshore jurisdictions for businesses and investors.
Current president:
Laurentino Cortizo
Government:
Constitutional democracy
Economy:
Services sector including the Panama Canal, banking, commerce, and the Colón Free Trade Zone
Currency:
US Dollar
Capital City:
Panama City
Population:
Over 4.2 million
Language:
Spanish
Tax system:
Territorial Tax System
Members of:
United Nations, Inter-American Development Bank, OAS (Organization of American States)
Panama Reforestation Visa Benefits
Green
Investment
Investing in a forestry project is investing in an eco-friendly, sustainable green investment that offsets the impacts of deforestation and creates a positive and social impact on our rainforests, environment, and local communities.
Tax
Incentives
Reforestation projects offer many tax incentives including tax exemption on harvested wood for 25 years, inclusive of export taxes as well as any capital gains tax. Property taxes levied against the land will be tax-exempt for the duration of the reforestation project. Panama is a tax-friendly jurisdiction that offers legal tools to reduce your global tax liability to retain more of your wealth.
Panamanian
Residency Permitted
With a minimum investment of USD 100,000 into an approved forestry project, investors can obtain permanent residency in Panama within 3 years, and ultimately obtain Panamanian Citizenship within 8 years. Panama offers an express visa option where applicants can invest a minimum of USD 350,000 and obtain residency in 60 to 180 days.
Eligibility
Applicants proceeding with the residency by investment program in Panama must be at least 18 years of age and hold a clean criminal record. Applicants are required to provide personal documentation such as passports, national IDs, birth and marriage certificates, proof of funds along proof of direct investment into an approved forestry program.
Investment Options
Permanent Residency: With an investment of USD $100,000 into an approved forestry program for a minimum of 8 years, investors can obtain permanent residency status within 3 years. Each additional dependent requires an additional investment of USD $2,000.
Permanent Residency Express: With an investment of USD 350,000 into an approved forestry program for a minimum of 8 years, investors can obtain permanent residency status within 60 to 180 days. Each additional dependent requires an additional investment of USD $2,000.
Addtional Fees
Process
The residency process is broken into 2 main categories: provisional residency and then permanent residency.
1. Speak with one of our advisors to determine the best solution for you and your family. We will discuss the various residency options along with the process and investment options of each program. We offer tailored solutions to assist and meet your goals.
2. We will conduct our initial due diligence check to ensure that you do not currently hold any criminal charges and are eligible to proceed with the Panama Residency program. To process the initial due diligence check, a copy of passports for all applicants over 16 and proof of address (such as a utility bill) is required.
3. Offshore Circle requires a non-refundable retainer to supply application forms and work on your application file.
4. Once you have reviewed and chosen your forestry Project, Offshore Circle will assist you with the investment and acquisition of the land. Each project offers investors the choice of titling the land to the owner´s personal name or purchasing shares of the corporation which owns each parcel.
5. Offshore Circle will provide a customized and itemized list of requirements to ensure you meet and comply with all requirements set by Panama Residency program.
6. Step 1: submit the residency application and obtain 6-month temporary residency status. Immigration will review and approve the application within the 6 month period
Step 2: return to Panama upon application approval to obtain 2 year provisional
7. Step 3: resubmit the residency application with updated documentation a few months prior to the expiration of the 2-year provisional status. At this point, you will again receive 6-month temporary residency status. Immigration will review and approve the application within the 6 month period
Step 4: Return to Panama upon application approval to obtain permanent residency status
Speak with one of our Residency Advisors
Speak with one of our advisors to determine the best solution for you and your family. We will discuss the various residency options along with the process and investment options of each program. We offer tailored solutions to assist and meet your goals.
Initial due diligence check
We will conduct our initial due diligence check to ensure that you do not currently hold any criminal charges and are eligible to proceed with the Panama Residency program. To process the initial due diligence check, a copy of passports for all applicants over 16 and proof of address (such as a utility bill) is required.
Initiate Offshore Circle´s Services
Offshore Circle requires a non-refundable retainer to supply application forms and work on your application file.
Proceed with investment
Once you have reviewed and chosen your forestry Project, Offshore Circle will assist you with the investment and acquisition of the land. Each project offers investors the choice of titling the land to the owner´s personal name or purchasing shares of the corporation which owns each parcel.
Gather required documentation
Offshore Circle will provide a customized and itemized list of requirements to ensure you meet and comply with all requirements set by Panama Residency program.
Submit your application: Provisional Residency
Step 1: submit the residency application and obtain 6-month temporary residency status. Immigration will review and approve the application within the 6 month period
Step 2: return to Panama upon application approval to obtain 2 year provisional residency status
Approval: Permanent Residency
Step 3: resubmit the residency application with updated documentation a few months prior to the expiration of the 2-year provisional status. At this point, you will again receive 6-month temporary residency status. Immigration will review and approve the application within the 6 month period
Step 4: Return to Panama upon application approval to obtain permanent residency status
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