What is Immigration Regularization in Panama
What is understood by the immigration regularization process in Panama? The immigration regularization process in Panama is aimed at all those foreigners who stayed from within the territory of the Republic of Panama irregularly for a period of one year or more and did not legalize their stay in the Republic of Panama. Through Executive […]
Permanent residence as a qualified investor in Panama II
Through Executive Decree No. 722 of October 15, 2020, Panama has created the subcategory of Permanent Resident as a Qualified Investor. This is for those foreigners who invest at least $ 500,000.00 from a foreign source, which can be in a personal capacity or through a legal entity. Advantage: Simplify and facilitate the procedures, guaranteeing […]
The migratory movement increases in Panama
The National Migration Service of Panama, highlights that the monthly migratory movement of travelers through the Republic of Panama is increasing during the first months of this year 2021. It is noteworthy that the total income by air, land and sea in the period January-March 2021, was 210,776 people and the exits through these checkpoints, […]
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How the business closure process should be to avoid future taxes.
In the process of closing companies to avoid future taxes, it is necessary to carry out procedures with the following entities: 1) Public Registry (if it is a company or legal person), 2) Ministry of Commerce, 3) Local municipality, 4) General Directorate of Income (DGI), 5) Social Security Fund (in the case of having had […]
Permanent Resident as a Qualified Investor
The Government of Panama created the sub-category of Permanent Resident as a Qualified Investor. The Ministry of Public Security of Panama through decree number 722 has created the sub-category of Permanent Resident as a Qualified Investor, which belongs to the category of Permanent Resident. Who is it for? This residence is aimed at foreigners who […]
Immigration Regularization is through Lawyers
Important: As of January 1, 2021, all procedures carried out by the immigration regularization process must be presented and managed only by a lawyer. Complying with the ruling issued by the Third Chamber of the Supreme Court of Justice of Panama, dated September 3, 2020, it was reported that as of January 1, 2021, that […]
Creation of the subcategory of Permanent Resident as a Qualified Investor
The Ministry of Public Security of the Republic of Panama created within the category of permanent resident for economic reasons, the subcategory of Permanent Resident as a Qualified Investor. This subcategory, whose basic requirement is to invest the sum of US $ 500,000.00 in the Republic of Panama, aims to promote foreign investment in Panama […]
New Guidelines for foreigners who are Completing Immigration Procedures
The National Migration Service of Panama (SNM) has communicated through the Resolution number 636, publicly announcing: the validity of residence permits for foreigners that expired as of March 13, 2020 is extended until 30, June 2021. It is noteworthy that these extensions are produced as the result of an analysis of the current situation generated […]
How do you lose permanent residence in Panama?
First of all we must emphasize that in Panama there is no obligation of physical residence, therefore a person loses their Permanent Residence in Panama only if they do not return to the country within a period of 2 years. For this reason, a person can have their tax residence in Panama and live in […]