REPUBLIC OF PANAMA
MINISTRY OF PUBLIC SECURITY
NATIONAL MIGRATION SERVICE
REQUIREMENTS TO REQUEST PERMANENT RESIDENT PERMIT FOR OWN ECONOMIC SOLVENCY RATIOS FOR MIXED INVESTMENT - FIXED TERM DEPOSIT AND REAL ESTATE (PPT-SEP-IM)
Article 19 4: Foreigner who invests the minimum sum of three hundred thousand balboas (300,000.00) in real estate or fixed term; or combination of both and show that The funds come from abroad.
This Permit will be for a term of two (2) years, after this period has elapsed the Applicant may opt for permanent residence.
If you bring dependents, you must increase the investment to two thousand balboas (B/.2,000.00) for each dependent, which can be justified by local bank reference.
1. Power of Attorney (notarized) and Request. The power of attorney must contain the name and nationality of the applicant's parents.
2. Three (3) photographs.
3. Duly verified copy of the passport (Notarized or Authenticated corresponding).
4. Criminal Record Certificate.
5. Health Certificate.
6. Certified check for B/.250.00 in favor of the National Treasury.
7. Certified Check for B/.800.00 in favor of the National Immigration Service.
8. Affidavit of Personal History Form.
9. Bank certification that you have opened a time deposit account fixed in the name of the applicant, for the amount of three hundred thousand balboas (B/300,000.00) or its equivalent in foreign currency and with a minimum duration of three (3) years, in any general license bank in the national territory. This fixed term must be free of encumbrance.
10. Copy of the fixed-term certificate authenticated by the bank.
11. Certification from the Public Registry that proves the ownership of the assets real estate, in the personal capacity of the applicant with a minimum value of three hundred thousand (B/ 300.000.00). The certification must indicate that the property is free of liens. 12. In case of dependents: 12.1 Letter of responsibility. 12.2 Proof of relationship. 12.3 Proof of address. 12.4 Over the age of 18, present a certificate of single status and certified studies.
EXCEPTIONS TO THE RULE:
1. When the properties are in the name of a private interest foundation, the A foreigner may request this permit as long as he or she proves that the founder and he or his dependents are the beneficiaries. The Public Registry certificate must show the designation of founder and beneficiary.
2. In the event that the article of real estate is in the name of a corporation, the foreigner may request this permit as long as the shares are nominal and are in the name of the applicant and dependent. I don't know bearer shares will be accepted.