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   Reforestation Investment Program Panama recently revised a dormant Reforestation Visa by offering 2 options: 1. Small
Business investment of at least $40,000;
and Both of these options provide the investor with Permanent residency leading to full Panama Citizenship in 5 years. The small business investor will attain Permanent residency in 3 years and within 1 year for the large investor. - All visa applications must be processed by a Panamanian lawyer. - All overseas documents must be authenticated by a Panamanian Consulate nearest you or by Apostille. - All applicants must provide a Police Clearance report on a police department's letterhead, signed by a police official. - All documents must be issued no more than 4 months prior to submitting the visa application. - Passports must have at least 6 months remaining before expiration. - Dependants can be included with both options.
- Minimum investment of $40,000. - Applicant and dependants must present themselves in person to the Immigration office for the initial application and subsequent renewals. - Initial Application: Expect to be in Panama for 5 business days. After registering and submitting all documents, immigration will issue a 3-month provisional visa. Upon expiration, you will return and apply for a 1-year immigration visa card. - 1 year Immigration Visa card: On your 2nd trip, expect to stay in Panama for 3 business days. Immigration will issue you a 1-year Resident Immigration card. - This card will be renewed every year for the next 3 years. - On the 5th year, you will receive a Permanent Residency card and a Cedula. You can then apply for Citizenship and a Passport. Procedure for a Large Business Investor: - Minimum investment of $80,000 - Applicant and dependants must present themselves in person to the Immigration office for the initial application and subsequent renewals. - Initial Application: Expect to be in Panama for 5 business days. After registering and submitting all documents, immigration will issue a 3-month provisional visa. Upon expiration, you will have up to 4 months to return and apply for a 1-year immigration visa card. - One Year Immigration Visa card: On your 2nd trip, you will need to stay in Panama for at least 3 business days. Immigration will issue you a one-year Resident Immigration card. -
When the One Year Immigration Visa card expires, you will receive
a Permanent Residency card and a Cedula. 5 years from your initial
application, you can then apply for Citizenship and a Passport. SMALL
BUSINESS (MICRO-EMPRESA) $40,000 INVESTMENT 1.
Provide 3 Name choices (Note that Panama Corporations must include
the prefix "Inc.", "Incorporated", "Corp",
"Corporation" or "S.A.") 2. BUYER sends payment to PT&E (PANAMA TITLE & ESCROW) www.panamatitle.com, the Escrow company (it is very important that you send the total amount to coordinate all the necessary payments, and services such as: Property purchase: $40,000, Corporation set up, Corporation Taxes, ANAM registration fees, Immigration Visa fee and expenses, etc.), and completes the following documents: a.
Escrow Contract: 3. POLS coordinates "The Closing" (payment to the SELLER and registration of the contract). 4.
POLS finalizes title transfer registration at the Public Registry
of Panama to BUYERS Corporation. 2. Provisional Resident Visa request (POLS will draft it and one of our Attorneys will sign it). 3. 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. This must be done during your initial visit to Panama. 4. Letter of Responsibility, signed by the applicant, whereby the applicant takes responsibility for his/her dependents, if applicable (POLS will draft it and have it ready for your signature). 5. Certification from the Public Registry of Panama of Client's Corporation (Optional, if Client buys under a Corporation - POLS will obtain this). 6. Certification from Authorized Public Accountant certifying the investment amount of US$40,000.00 in the Reforestation Project and the Capitalization amount and Shares issued of the Corporation for US$40,000.00 (POLS will obtain this)). 7. Certification from the Secretary of the Client's Corporation of the amount of Shares issued (POLS will prepare this document). 8. National Environmental Authority certification of Client's Corporation registration at the Forestry Registry and Inspection of the reforested lot (POLS will obtain this). 9. Copy of SELLER'S bill of sale of the lot (POLS will obtain this). 10.
Client's Declaration Form (POLS will prepare this and have it
ready for BUYER'S signature). 2. Original Marriage Certificate (for the spouse - if applicable) and Original Birth Certificate (for dependents - if applicable), duly Notarized and authenticated by the Panamanian Embassy or Consulate nearest you (or these documents may be authenticated by appostile instead). It is important that this document must be "recently issued", not more than 6 months since the date of the issuance of the document. This document must be "original", "updated", "official" and "authenticated". 3. Six (6) passport sized photographs of the applicant (and dependents - if applicable). 4. Original Police record, of the applicant (and adult dependents - if applicable) from the country of last 5 years of Residence, duly Notarized and authenticated by the Panamanian Consulate in the country of issue (or this document may be authenticated by appostile instead). It is important that this document must be "recently issued", not more than 6 months since the date of the issuance of the document. This document must be "original", "updated", "official" and "authenticated". 5.
One Bank Reference Letter of the applicant (and adult dependents
- if applicable), duly Notarized and authenticated by the Panamanian
Consulate in the country of issue (or this document may be authenticated
by appostile instead).
LARGE BUSINESS (MACRO-EMPRESA) $80,000 INVESTMENT Through Resolution No.039 of April 27, 2006 of the Director of Immigration, publish at the Gaceta Oficial (Government Publication) number 25,553 of May 26, 2006, the Panamanian Government grants foreigners the right to obtain legal residency in Panama under the condition that they have invested at least US$80,000 in a Certified Reforestation project in Panama (said Project requires to be Certified by the Environmental Government Institute - ANAM: "Asociacion Nacional del Medio Ambiente"), through a Forestry Registry. PROCEDURES: STEP 1: Corporation set up (it is optional if you wish to register/buy the Property/Lot in to a Corporation (IBC), or if you wish to register/buy in your Personal Name, you must make a decision and let us know, however, we advise Corporation, because of many advantages such as: flexibility, future anonimity): You do not need to physically visit Panama to set up your Corporation. You just need to: 1. Provide 3 Name choices (Note that Panama Corporations must include the prefix "Inc.", "Incorporated", "Corp", "Corporation" or "S.A.") 2. Provide your Personal Information (for the Reforestation Investor Visa, Applicant must be appointed as the President and Legal Representative of the Corporation) If
you wish to buy the Property/Lot in your Personal Name, then you
must either be personally/physically present in Panama to sign
the Public Deed of Purchase Contract in front of a Notary (in
Panama), or you could Grant us Power of Attorney which must be
authenticated through the Consulate/Embassy of Panama nearest
you 2. BUYER sends payment to PT&E (PANAMA TITLE & ESCROW) www.panamatitle.com, the Escrow company (it is very important that you send the total amount to coordinate all the necessary payments, and services such as: Property purchase: $80,000, Corporation set up, Corporation Taxes, ANAM registration fees, Immigration Visa fee and expenses, etc.), and completes the following documents: a. Escrow Contract:
3. POLS coordinates "The Closing" (payment to the SELLER and registration of the contract). 4. POLS finalizes
title transfer registration at the Public Registry of Panama to
BUYERS Corporation. 2. Provisional Resident Visa request (POLS will draft it and one of our Attorneys will sign it). 3. 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. This must be done during your initial visit to Panama. 4. Letter of Responsibility, signed by the applicant, whereby the applicant takes responsibility for his/her dependents, if applicable (POLS will draft it and have it ready for your signature). 5. Certification from the Public Registry of Panama of Client's Corporation (Optional, if Client buys under a Corporation - POLS will obtain this). 6. Certification from Authorized Public Accountant certifying the investment amount of US$80,000.00 in the Reforestation Project and the Capitalization amount and Shares issued of the Corporation for US$80,000.00 (POLS will obtain this)). 7. Certification from the Secretary of the Client's Corporation of the amount of Shares issued (POLS will prepare this document). 8. National Environmental Authority certification of Client's Corporation registration at the Forestry Registry and Inspection of the reforested lot (POLS will obtain this). 9. Copy of SELLER'S bill of sale of the lot (POLS will obtain this). 10. Client's Declaration
Form (POLS will prepare this and have it ready for BUYER'S signature). 2. Original Marriage Certificate (for the spouse - if applicable) and Original Birth Certificate (for dependents - if applicable), duly Notarized and authenticated by the Panamanian Embassy or Consulate nearest you (or these documents may be authenticated by appostile instead). It is important that this document must be "recently issued", not more than 6 months since the date of the issuance of the document. This document must be "original", "updated", "official" and "authenticated". 3. Six (6) passport sized photographs of the applicant (and dependents - if applicable). 4. Original Police record, of the applicant (and adult dependents - if applicable) from the country of last 5 years of Residence, duly Notarized and authenticated by the Panamanian Consulate in the country of issue (or this document may be authenticated by appostile instead). It is important that this document must be "recently issued", not more than 6 months since the date of the issuance of the document. This document must be "original", "updated", "official" and "authenticated". 5. One Bank Reference
Letter of the applicant (and adult dependents - if applicable),
duly Notarized and authenticated by the Panamanian Consulate in
the country of issue (or this document may be authenticated by
appostile instead).
* Note: for authenticating documents through the Panamanian Consulate, please contact us to request the contact information of the Panamanian Consulate nearest you. RECOMMENDED REFORESTATION PROJECT: Our firm recommends a unique reforestation project where by the investor can purchase titled land in Panama, that has already been totally reforested with Teak Trees almost 2 years old. This project is feasible not only from an investment standpoint, but also from all other aspects of reforestation, including: investment value, ecological maintenance, and the benefit of legal residency in Panama. The reforestation company has been in business since 1993, and the manage 3000 hectares (7200 acres) of reforested property. The reforestation project is fully licensed, certified and qualified under Panamanian laws. The climate in Panama, primarily in the region where the project is located, is ideal for the growth of tropical hardwoods with high humidity, high temperature and a sufficiently long dry-season, which allow for optimum growth in excellent soil conditions, outside the geographic area of tropical hurricanes. This program is very attractive for the individual who is interested in a very solid, long term, ecologically friendly investment with legal residency included in the package. It is estimated that the 3.12 acres of Teak Trees can be cut and sold for a profit of approximately US$240,000 (this figure is based on current Teak wood prices). Teak wood has historically increased in value by 6% per year, so if that percentage holds for the future, the investment could potentially return a total of US$770,000.
REFORESTATION INVESTMENT US$40,000 is the total investment paid to the reforestation company. This investment includes: 1. A total of 3.12 acres (1.3 hectares) of titled land, that is already fully reforested with Teak Trees almost 2 years old. 2. Closing costs are included. 3. A forest maintenance contract for a period of 10 years is included (the included maintenance plan lasts up until the trees are approximately 12 years old). The 10 year reforestation maintenance contract includes monitoring, trimming and all facets of professional reforestation maintenance to guarantee the development of optimum lumber production unitl the trees are approximately 12 years old. After trimming, only the best trees will remain. The cost for maintenance after the 10 year initial maintenance period is US$500 per year thereafter, which will last for approximately 8 more years, until the trees are harvested at maturity, or 20 years old. 4. A Panama Corporation is included, which holds title to the property (the investor holds 100% of the shares of the corporation). 5. This reforestation investment qualifies the investor for legal residency and citizenship / passport in Panama. Please note that legal fees for immigration processing are separate, and paid to our law firm. The immigration processing fees are - Legal Fee: US$2000 (primary applicant) - Government Fees/Costs: US$800 Total Immigration Fees/Costs: US$2800 WHY INVEST IN REFORESTATION? ·
Safe, high return, long-term investment. Perfect for retirement
planning or future education funding, etc. WHY THIS REFORESTATION PROJECT? ·
This project is certified by the ANAM (Panama's environmental
agency), which qualifies it for all the benefits that a foreign
investor could receive from a reforestation investment. RESIDENCY PROCEDURES : 1. Provide all required documents, and sign the Special Power of Attorney for our law firm to handle your immigration paperwork. 2. The reforested property is purchased for US$40,000. The reforestation management company then provides a certification of title of the reforested land, and a copy of the buy/sell contract. 3. Our law firm submits your application for a 1 year Temporary Immigrant Visa, under the Reforestation Investor Program. You are issued a Temporary Immigrant Card, which is valid for 3 months (those 3 months are used by the Immigration Department to process the 1 year Temporary Immigrant Visa). After 3 months, you will be issued a new Temporary Immigrant Card that is valid for 1 year. 4. After the 1 year Temporary Immigrant Visa expires, our law firm will submit a new application for your Permanent Residency Visa. You will then be provided with a Panamanian Cedula (Permanent Resident Card). 5. After 5 years of having Permanent Residency status, you may apply for Panamanian Citizenship, and a Panamanian Passport. This is called becoming "Naturalized", and requires that you accept the laws of the Republic of Panama under oath. Panamanian passports are renewable every 5 years. It is not necessary for applicants to reside in Panama to qualify for or maintain Panamanian residency or citizenship, however, a short visit to Panama is required for the processing of the Temporary Immigrant Visa, the Permanent Resident Visa, and for the Naturalization (Citizenship and passport). IMMIGRATION & LEGAL FEES: For Primary Applicant: Stage 1: Stage 2: Stage 3: For Dependents (spouse or children under 18 yrs): Stage 1: Stage 2: Stage 3: Required Documents (for Immigration processing): 1. Photocopy of valid passport of the applicant (and dependents - if applicable), including the picture page (that shows the picture, name, date of birth, passport number, place of issue, etc.), and all pages showing entry/exit stamps (all pages used in the passport). 2. Original Police record of the applicant, from the place of residence (and spouse & children - if applicable), duly notarized and authenticated by the Panamanian Consulate nearest you. 3. Original Birth Certificate of the applicant (and dependents - if applicable), duly notarized and authenticated by the Panamanian Consulate nearest you. 4. Original Marriage Certificate for the applicant (and dependents - if applicable), duly notarized and authenticated by the Panamanian Consulate nearest you. 5. Six (6) passport sized photographs of the applicant (and dependents - if applicable). 6. 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. THIS MUST BE DONE DURING YOUR INITIAL VISIT TO PANAMA. Documents that our law firm will provide for you: 1. Special Power of Attorney, signed by the applicant (and dependents - if applicable), authorizing our law firm to process the immigration applications and documentation. 2. Letter of Responsibility, signed by the applicant, whereby the applicant takes responsibility for his/her dependents. * Note:
for authenticating documents through the Panamanian Consulate,
please contact us to request the contact information of the Panamanian
Consulate nearest you. Multiple
Entry & Exit Visa (Optional): The Multiple Entry
& Exit Visa should be applied for after or at the same time
that any type of visa is applied for. The Multiple Entry &
Exit Visa allows you to enter and exit the country as many times
as necessary. For more information about the Multiple Entry &
Exit Visa, please CLICK
HERE.
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