Panama and Types of Visas

Panama Expat — Mon, 07 Dec 2009 20:36:41 +0000

So you are looking to start that new life in Panama and you want to make it permanent. The only thing is you are not sure what to do and how to go about it. Well, we are glad you came to us with that question, because we have the answer right here for you and we are more than glad to share it! If you read below, we’ll provide you with what you have to know to make this dream of yours come true for you, so let’s begin, shall we?

In accordance to the laws of immigration in Panama, there are different types of visas out there that enable aliens to live in Panama, as long as they meet the prerequisites. Person Of Means Visa: This is the visa for those that are not working or getting ready to start a business.

These are folks that are living via their own personal funds. What’s required is a one year certificate of deposit in any Panamanian bank and the minimum must be $250,000. When the time comes to apply for renewal, the minimum time of renewal must be one more year.

Tourist Pensioner Visa: For those that are the recipients of a pension from a government job or private company. The amount for the pension must be $1,000 and up.

Investor Visa: This visa was made for those that want to start a business in the nation of Panama. A minimum amount of money to invest will be $250,000 for the startup. Also your employment staff must have a minimum
of at least three permanent individuals who are Panamanian.

Private Income Retiree Visa: This visa is for people that although don’t have a monthly pension, are individuals that are indeed retired and are in receipt of a lump sum retirement benefit. This said benefit may then be
deposited into a certificate of deposit that lasts a term of five years. This certificate must be with the National Bank of Panama and yield a $1,000 monthly minimum.

For those looking to put together paperwork for a visa, it is obvious to see that the nation of Panama has tailored several different options for several types of people. So if one category is not met, there are others
where you may be able to more than likely luck out in your pursuit of acquiring a Panamanian visa.So in closing fine readers, that’s the run down of what you need to know about getting a visa.

Like always, we are more than glad to be your first in call to provide you with any and all information that you have the right to know, after all, we’re in servitude to giving you the best darn knowledge that we can. We feel, it’s owed to you and if we weren’t do that that then we’re not doing our job at all! So dear reader, if you are looking to make Panama a new home, we’ve been more than glad to help you get off to a great start in doing so!

Periodically, laws change, so check with your attorney.

About Panama

Panama Expat — Fri, 27 Feb 2009 17:05:01 +0000

The Republic of Panama, or Panama as it is more popularly known, is a country that geographically belongs to Central America, sandwiched between Costa Rica and Colombia. Surrounding it are the Pacific Ocean, the Gulf of Panama and the Caribbean Sea. Through it passes the Panama Canal, that which connects the Caribbean Sea, and thus the Atlantic Ocean, with the Pacific Ocean.

Because of Panama’s strategic location, it is no wonder that it has become the most developed country in Central America. The Panama Canal has become crucial to world movement of goods and as such, Panama has high import and export levels. The Colon Free Zone is the epitome of this geographical advantage to the economy. This has become the processing and clearinghouse of the traffic of goods along the Panama Canal.

The Panama Canal actually plays a major role in the way Panama has developed and how Panama became an independent country. Panama was previously part of Colombia. On November 3, 1903, Panama became independent of Colombia. This was accomplished with the help of the United Sates. The United States actually did this so that they could have access to the Panama Canal being then built by Colombia. In the same month that Panama successfully seceded from Colombian rule, Panama signed the Hay-Bunau-Varilla Treaty which gave the United States right to continue construction and full control of the Panama Canal for an initial payment of $10 million and a yearly fee of $250,000.

Panama’s geographical location has also given way to the booming tourism industry in the country. It is just hours away by plane from North America and it belongs to the Caribbean region that is famous for its beaches and tourist destinations.

Panama means “an abundance of fish” or “an abundance of butterflies” in the native tongue. Both suit Panama quite well. Because it is surrounded by pristine beaches with breathtaking corral reefs, fish is abundant in this country. And because it has mountainous provinces where rainforests and jungles are sheltered, there is also an abundance of butterflies and other enchanting creatures in Panama.

Panama has a population of around three million. Panama nationals are called Panamanians. Panama’s official language is Spanish. More people are Roman Catholic, but freedom of religion s practiced in Panama so there are places of worship for people of different religious persuasion.

Panama, because of its geographic location and its commercial outlook, has people of different ethnic origins in it. The most common ethnic group is the mestizos who are generally known by their lighter skin color. These are people who are generally of European and Native American origin. The other group is known as the Antillean Blacks or the mulattoes. These are people with European and African origin who came to Panama from the West Indies. Finally, the minority group is the indigenous peoples of Panama, generally known as Indians. There are seven indigenous peoples in Panama. They are the Bribri, Buglé, Emberá, Kuna or Cuna, Naso, Ng?be, and Wounaan.

For more information, please visit:

http://www.panamaexpertos.com

http://www.panamaexpertos.com/forum/about-panama-ct115.html

http://www.panamaexpertos.com/info.php?page=content/visas_residency_citizenship

Simply Panama » Tourism Industry

Panama and Types of Visas

About Panama