Posted by: panamalawyerservices | November 19, 2013

FRIENDLY NATIONS VISA

May apply for this permit foreign nationals from Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Croatia, Cyprus, 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).

Requirements:

Power of attorney and application signed by the petitioner and the legal representative of the company;
Five passport size (3) photographs;
Full passport copy duly notarized by a Panamanian Notary;
Criminal background check;
Good health certificate; (Issued by a Panamanian doctor);
Certified Check for the amount of $250.00 USD in behalf of the National Treasury;
Certified Check for the amount of $800.00 USD in behalf of the National Immigration Service;
Personal History Affidavit Form (will be provided by our offices);
Documentation showing the purpose of requiring permanent residence as economic or professional activity to be performed;
Proof of economic solvency of the applicant, which shall be demonstrated by the following:
1. Bank certification or last month statement of account balance showing at least four figures;
2. Copy of identity card of their country of residence;
3. Letter of responsibility (only when applying with dependents);

Podrán solicitar este permiso los extranjeros nacionales de países específicos, que mantienen relaciones amistosas, profesionales, económicas y de inversión con la República de Panamá, que tengan como finalidad ejercer actividades económicas o profesionales. Poder y Solicitud firmado por el extranjero y el representante legal de la empresa (notariado y con sus respectivos timbres fiscales);
Tres (3) fotografías;
Copia debidamente cotejada del pasaporte (Notario o Autoridad Correspondiente);
Certificado de Antecedentes Penales;
Certificado de Salud;
Cheque Certificado por B/.250.00 a favor del Tesoro Nacional;
Cheque Certificado por B/.800.00 a favor del Servicio Nacional de Migración;
Formulario de Declaración Jurada de Antecedentes Personales;
Documentación que demuestre la finalidad de requerir su residencia permanente, según la actividad económica o profesional a realizar;
Prueba de solvencia económica del solicitante, que se demostrará aportando lo siguiente:
Certificación bancaria o estado de cuenta del último mes que refleje saldo no inferior a cuatro cifras medias u otra que demuestre sus ingresos y que sea aceptable al Servicio Nacional de Migración;
Copia del documento de identidad o carné de residencia de su país;
Carta de responsabilidad, si procede;
Certificación que compruebe el parentesco, en caso de tener dependientes.
El dependiente hijo mayor de 18 y menor de 25 años, podrán ser solicitados como dependientes, siempre que demuestren que estudien de manera regular y se encuentran bajo dependencia económica del solicitante.

Posted by: panamalawyerservices | November 18, 2013

VISA INVERSIONISTA DEL ÁREA ECONOMICA ESPECIAL PANAMA-PACIFICO

INVERSIONISTA DEL ÁREA ECONÓMICA ESPECIAL PANAMÁ-PACÍFICO
Podrá solicitar este permiso el extranjero que realice una inversión no inferior a doscientos cincuenta mil balboas (B/.250,000.00) en el capital de riesgo de Empresa del Área Panamá-Pacífico o en Empresa Desarrolladoras u Operadoras.
Poder y Solicitud (Notariado y con sus respectivos timbres fiscales);
Tres (3) fotografías;
Copia debidamente cotejada del pasaporte (Notario o Autoridad correspondiente);
Certificado de Antecedentes Penales;
Certificado de Salud;
Cheque Certificado por B/.250.00 a favor del Tesoro Nacional;
Cheque Certificado por B/.800.00 a favor del Servicio Nacional de Migración;
Formulario de Declaración Jurada de Antecedentes Personales;
Certificación expedida por la Agencia Especial Panamá-Pacífico, donde se acredite:
o La existencia de la empresa y su ubicación;
o Que se encuentra en paz y salvo con la agencia;
o Que la empresa se encuentra autorizada bajo el régimen especial establecido en la Ley No. 41 de 2004;
Certificación del tesorero o del secretario de la empresa donde se acredite la titularidad de las acciones nominativas expedidas a favor del extranjero, u que las mismas se encuentran liberadas y pagadas;
Certificación emitida por el Contador Público de la empresa del Área Panamá-Pacífico en la que se detalla la suma total invertida en la empresa por el solicitante y que el capital es propio;
Copia de los certificados de acciones emitidos a favor del solicitante;
Paz y salvo nacional de rentas a favor del interesado;
Copia autenticada de la planilla de la Caja de Seguro Social de la empresa con un mínimo de tres (3) empleados panameños, devengando por lo menos el salario mínimo establecido por la ley de acuerdo a la región;
Paz y salvo de la Caja de Seguro Social si la empresa tiene más de dos meses de estar operando; Carta bancaria en la que se haga constar que los fondos que invierte el extranjero solicitante, provienen del exterior;
Prueba de lo inversión, la que se demostrará mediante la presentación de por lo menos dos (2) de los siguientes documentos:
o Copia del contrato de compraventa debidamente registrado o contrato de arrendamiento del inmueble en donde la empresa opera o tiene sede;
o Facturas comerciales de los gastos incurridos por el inversionista en la empresa acompañadas de inventario detallado realizado por el Contador Público Autorizado;
o Liquidaciones de aduanas de bienes importados a nombre de las empresas o del inversionista; Copia de la resolución de inscripción de la empresa en el Registro de Empresa del Área Panamá-Pacífico.
Para solicitar permanencia, además de los requisitos mencionados anteriormente, a excepción del Certificado de Antecedentes Penales y los cheques el solicitante deberá presentar: Paz y salvo nacional de renta de la empresa y del solicitante.

Posted by: panamalawyerservices | November 18, 2013

INVESTOR’S VISA (SPECIAL ECONOMIC AREA PANAMA –PACIFIC).

INVESTOR’S VISA (SPECIAL ECONOMIC AREA PANAMA –PACIFIC).

You can apply for this permit making an investment of not less than two hundred fifty thousand US dollars (USD$250,000.00) in a Panamanian company located in the area.

Requirements:

  1. Power of attorney and application;
  2. Three passport size (3 ) photographs;
  3. Copy of passport duly notarized by a Panamanian Notary;
  4. Criminal background check;
  5. Good health certificate (must be obtained in Panama);
  6. B/.250.00 Certified Check issued in behalf of the National Treasury ;
  7. B/.800.00 Certified Check issued in of the National Immigration Service ;
  8. Affidavit Form (Personal History).  (Will be provided by our offices);
  9. Certification issued by the Panama -Pacific Special Agency , certifying :
  • The existence of the company and its location;
  • That the company is in good standing with the agency;
  • That the company is authorized under the special provisions of Law No. 41 of 2004 ;

   10. Certification of the treasurer or the secretary of the company stating the ownership of the shares issued in favor of the alien,   or that they are released and paid;

  11. Certification issued by the company Public Accountant stating or detailing the amount invested in the company by the applicant and the owner of the invested capital;

  12. Copies of the shares certificates issued to the applicant ;

  13. Proof that the applicant is in good standing with the Panamanian tax administration.

   14. Authenticated copy of the Social Security payroll documents of the company with a minimum of three (3 ) Panamanian employees, earning at least minimum wage established by law and according to the region;

   16. Proof that the Company is in good standing with the Social Security Administration if the company has more than two months of operating

   17. Bank letter stating that the funds invested came or were made abroad;

    18. Proof of investment , which is demonstrated by the presentation of at least two (2 ) of the following documents :

  • Copy of the purchase agreement duly registered or lease of the property in which the company operates or is based ;
  • or commercial bills of expenses incurred by the investor in the company along with a detailed inventory prepared and certified by the Company’s CPA;
  • Copy of the resolution of the company registration with the Panama-Pacific Agency..
Posted by: panamalawyerservices | April 13, 2013

Tips For Your First Immigration Trip to Panama

Once all the paperwork needed to apply for your Pensionado Visa has been assembled plan on being in Panama City for at least five working days, minimum.

After your initial visit to our offices a couple of days are needed for the documents to be translated into Spanish by an officially-certified translation service.

We will then be making two trips to the Immigration offices and a visit to a doctor’s office for a physical examination as required by Immigration.

On our first visit to the Immigration offices you will be registered with the department and a couple of days later, when you are officially in the system, we will return to get your first one year- identification card, known as a carnet. Do NOT plan on touring the countryside before this card is issued to you. since your passport, required to be able to tour the country, will be also needed to file the visa. You must be in the city to hand your passport to us. There are plenty of places to go and things see right here in the city to keep you from being bored.

Bring something with you to read or distract yourself. You will be waiting in the immigration offices.

Bring plenty of $20 bills. Immigration does NOT accept anything larger. Since Panama is an international banking center you can easily make cash withdrawals at any of the numerous ATM machines around the city with your credit card.

If you choose to start the process in November, bear in mind that there are five national holidays that month: the 3rd is Separation Day, the 4th is Flag Day and the 5th is Colon Day. Five days later, on the10th, it is The Uprising in the Villa de Los Santos and the 28th is our Independence Day. December 8th is Mother’s Day. These are all National Holidays and all government offices are closed.

Buy a prepaid cell phone when you get here. You will need a local phone number so my office can contact you. Cell phones are inexpensive in Panama and as you walk around the city you’ll begin to think there is a phone store on every block. You can buy one for as little as $30.00 and another $5 bill will give you more time than you’re going to use on your first visit. You also need to provide a local address when filing for your visa.

Proper dress is required when visiting the Immigration offices. You will not be admitted if you are wearing shorts or flip-flops. Other than the shorts and flip-flop rule your dress will not effect the processing of your application, but remember; you never get a second chance to make a first impression. While a summer-weight suit certainly shows you are serious about process, a pair of slacks and a sport shirt are perfectly acceptable.

Posted by: panamalawyerservices | April 13, 2013

Pensionado Visa Paperwork Required

When you apply for your Pensionado Visa there are several documents that must be submitted to the Immigration Department. You must get these in order before coming to Panama to start the process.

First, you must verify that your retirement income is at least U.S. $1,000.00 per month (or its equivalence, if is in foreign currency). If you are applying with a spouse and/or dependents an additional U.S. $250.00 is required for each.

If this income comes from Social Security it is very easy to confirm. Your local Social Security office will provide you with a statement of your account on request. If there is no Social Security office near you, you can request a Proof of Income letter online at: http://www.ssa.gov/onlineservices/.

Verification of income derived from a private pension is a bit more complicated. If the source is a private company you must have the following:

  1. A letter on the pension company’s official letterhead, from an administrator of foreign business of pensions, trusts, mutual funds, insurances, or banking, that certify the funds exist and must include the phrase that you receive the “pension for life.” It is extremely important that the exact phrase is used in the letter. The letter must be signed by a representative of the company with complete contact information for verification purposes;
  2. Certificate of existence of the business that administers the fund;
  3. Proof that the payments are being made. This can be done by providing copies of pension payment checks or bank statements showing deposits.

All of these documents must be “original,” “official,” “updated” and “authenticated.”

You need to provide a criminal background issued by the FBI (in the case of US Citizens). For citizens of other countries the criminal background must be issued by a Police agency that covers  the country. For an FBI background go to the following web site and follow their instructions. http://www.fbi.gov/hq/cjisd/fprequest.htm

Documents issued in one country and need to be used in another country, must be “authenticated” or “legalized” before they can be recognized in a foreign country. There are two ways you can get your documents “authenticated” or “legalized”. You can send them to the Consulate of Panama located in your area or apply for the “Apostil”. The Apostil in the case of US citizens, can be obtained at the Secretary of State.

The following table shows which Panamanian Consulate serves your state of residence:

State of Residence

Consulate

District of Columbia, Virginia, West Virginia, Delaware, and Maryland

Washington, D.C.

Pennsylvania

Philadelphia, PA

Texas, New Mexico, Oklahoma, and Arkansas

                       Houston, TX

Florida and the U.S. Virgin Islands

Miami, Florida

Florida, South Carolina, North Carolina, and Georgia

Tampa, Florida

Louisiana, Mississippi, and Alabama

New Orleans

New York, Connecticut, Massachusetts, Maine, New Hampshire, Vermont, and Rhode Island

New York, NY

California, Nevada, Arizona, Washington, Oregon, and Idaho

Los Angeles, C.A

All Other U.S. States

Washington, D.C

Washington, D.C.
2862 McGill Terrace, NW
Washington, DC 20008
Phone: (202) 483-1407
Fax: (202) 483-8413
email: consular@embassyofpanama.org

Philadelphia, Pennsylvania
124 Chestnut St. Suite 1
Philadelphia, PA 19106
Phone: (215)-574-2994
Fax: (215) 574-4225
email: panama@foreingconsulate.com

Houston, Texas
24 Greenway Plaza, Suite 1307
Houston, TX 77406
Phone: (713) 622-4451
Phone: (713) 622-4459
Fax: (713) 622-4468
email: panama2@conpas

Miami, Florida
5775 Blue Lagoon Drive, Suite 200
Miami, FL 33126
Phone: (305) 447-3700
Fax: (305) 447-4142
email: ptymia@bellsouth.net

Tampa, Florida
6107 Memorial Highway, Suite “C”
Tampa, FL 33615
Phone: (813) 886-1427
Fax: (813) 886-3624
email: consutampapty@gmail.com

New Orleans
2615 Energy Centre
1100 Poydras Street, New Orleans, L.A. 70163
Phone: (504) 525-3458
Phone: (504) 525-3459
Fax: (504) 524-8960
email: info@consulateofpanama.com

New York
1212 Ave of the Americas, 20th Floor
New York, NY 10036
Phone: (212) 840-2450
Fax: (212) 840-2469
email: inavarro@nyconsul.com

Los Angeles
111 W. Ocean Blvd., Suite 1570
Long Beach, CA 90802
Los Angeles, CA.
Phone: (562) 612-4677/78
email: consulate.pty.lax@gmail.com

San Juan
1607 Avenida Ponce de León, Oficina 206
Sa Juan, Puerto Rico 00909
Phone: (787) 728-6688
Fax: (787) 728-7098
email: panaconsulpr@gmail.com

Make sure that all passports have at least six months validity before expiration.

Birth Certificates are only required for dependent children. A marriage certificate is required for a spouse.

When you arrive in Panama all of these documents must be translated into Spanish by an official-certified translation service. This cannot be done outside of Panama. We have working relationships with several approved services so you won’t have to worry about trying to find one on your own.

You must provide a complete photocopy of your passport, and complete means each and every page. You may either do that yourself before  coming to Panama or can have it done at one of the many internet cafes or office service companies in the city.

You must provide five (5) passport-sized photos of each visa applicant.

Prior to your first trip to Immigration you need to obtain a Certificate of Good Health, issued by a licensed Panamanian hospital or clinic, signed by a registered, licensed physician, indicating that the applicant (and dependents – if applicable) has no contagious diseases and is in good mental and physical condition. We will assist you with getting this certificate after your initial visit to our offices.

On your initial visit to our offices you will have to sign a:

  1. “Special Power of Attorney,” for the applicant and any dependents authorizing us to process the immigration applications and documentation;
  2. A “Letter of Responsibility,” signed by the applicant, whereby you take responsibility for your dependents (if applicable)
  3. A sworn statement of personal background: the “Declaración Jurada Sobre Antecedentes Personales” which we will provide for you.

When all the papers are translated and in order we will make our initial visit to the Immigration offices to begin the process.

Posted by: panamalawyerservices | August 30, 2009

Panama: More Than Just A Canal

People over the world know Panama for its Canal that joins the world. But Panama is more than just a canal. It is a vibrant, modern country and each year thousands of people from around the world choose to retire to Panama, and Panama welcomes them.

There are many reasons people choose to move to Panama. They may have retired from the working world but they haven’t retired from life. They are looking for a new adventure to keep themselves young and active. Many come to Panama because the cost of living here is a lot kinder to their new, fixed-income status than it is in the United States and much of Europe.

In order to qualify for Panama’s retirement Pensionado Visa a person only has to have proof of a monthly income of at least $1,000 (an additional $250.month is required for a spouse and/or each dependent child), be in good standing with the police department, and pass a physical examination here in Panama.

When someone receives their Pensionado they are offered a shopping list of benefits unequaled almost anywhere else in the world:

They will be given a tax exemption on a new car imported to Panama every two years.

There is a one-time import tax exemption of $10,000 for household goods.

Other discounts apply to such things as:

50% off of entrance to recreation and entertainment such as movies, theaters and sporting events.

A 30% discount on transportation within the country (buses, trains and boats).

25% discount on air fares within the country and on international flights booked in Panama.

A minimum discount of the regular prices of hotels, motels and pensions of 50% Monday through Thursday and 30% off on Friday, Saturday and Sunday.

You are elibible for a 25% discount on food for each visa holder in restaurants (15% at fast food outlets)

A 15% discount in the total cost for services of hospitals and private clinics.

10% off in pharmacies for medications obtained with a medical prescription.

Other medical service discounts are 20% in consultation fees of general practitioners and medical and surgical specialists. 15% off on dental services and 15% off for optometry services.

There are also discounts for technical and professional services, prosthetic devices, electrical, phone and water services of between 20 and 25%.

Panama is an international banking center and throughout the country it is possible to obtain cash at ATMs with your bank debit or credit cards. While our official currency is called the Balboa, there is no such thing as a Balboa dollar bill. The American dollar is the paper currency here and the coins clinking in your pocket may be either U.S. pennies, nickles, dimes and quarters or Panamanian Balboas which are the same size and composition as their American counterparts.

Whole books have been written about the benefits of retiring and living in the Republic of Panama. As this blog develops we will investigate other aspects of living here including what you need to know about buying and investing in real estate.

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