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Panama Offshore Legal Services has lots of experience with processing Panama Reforestation Visas. Panama
Reforestation Visa offers 2 options: ""Foreigners that invest with personal title or through legal entity in activities of reforestation or authorized forest plantation, or any other activity authorized by the National Authority of the Environment (ANAM), of at least three (3) hectares and whose minimum investment be Sixty Thousand dollars ($60,000) will be able to request this visa."
2. Panama Reforestation Large Investment Visa. This is a permanent Panama Reforestation Residency Visa requiring a minimum $80,000 investment including a minimum purchase of five (5) hectares in a Panama government certified reforestation project, forest plantation, or other authorized project. This is the only Panama Reforestation Visa leading to Permanent Residency and eventual Panama Citizenship. After a term of two (2) years has elapsed, the applicant will be able to opt for permanent residence. The specific requirements are: "Foreigners that invest with personal title or through legal entity in activities of reforestation or authorized forest plantation, or any other activity authorized by the National Authority of the Environment (ANAM), of at least five (5) hectares and whose minimum investment be Eighty Thousand dollars ($80,000) will be able to request this visa." In case of bringing dependents, the investment should be increased byTwo Thousand dollars ($2,000) for each dependent, which can be justified with a local banking reference. BASIC REQUIREMENTS Here are the basic requirements for both Panama Reforestation Visas: - 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 3 months remaining before expiration. - Dependants can be included with both options. - 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. Note that immigration request that the applicant for any type of visa, be present physically at the immigration office in Panama, at the time of Visa application. Panama Immigration will not allow people to visit wearing shorts, t-shirts, or sandals. Immigration will not accept U.S. currency in denominations of $50 or $100. When the immigration visa is approved plan to visit Panama for two weeks because immigration may hold onto your passport for 5 business days while they insert the official stamps and information in the passport. PANAMA REFORESTATION SMALL INVESTMENT VISA In addition to the basic requirements established in Article 28 of the Decree Law, the applicant must submit the following documents: When using a corporation, the following additional requirements must be met: 1. Affidavit by the secretary or treasurer of the corporation (cannot be by the applicant), attesting to the reforestation activities, attesting that the ownership of the nominative shares emitted in favor of the foreign applicant, said shares are free and full, and attesting to the total capital stock; 2. Certification by the Authorized Public Accountant (CPA) detailing the grand total directly invested in the activity of reforestation and that the capital is from the investor; 3. Authentication of the certificate shares in favor of the reforestation investors; 4. Copies of the tax returns of the business, where the invested capital appears. 5. If a fiscal period has not yet lapsed since the creation of the business, a copy of the inscription in the Unique Registration of the Taxpaye; 6. Copies of the resolution by the National Authority of the Environment certifying the Reforestion Project Registration; 7. Original certification of the inscriptions of the business and the property in the Public Registry; 8. Proof that the investment is directly for reforestation activites with a minimum of sixty thousand dollars ($60,000) proven with documents such as: a. Bank Certification of the funds transfer or of the payment (obligatory); b. Audited Financial Status; c. Commercial bills of buying and selling; d. Documents proving importation of supplies & equipment; To request an extension, besides the requirements mentioned in the previous article, the applicant should contribute the following documents: 1. Paz y Salvo of the applicant; 2. Bill or other documents that show disbursements performed in the last year for the project of reforestation, or certification of the business carrying out the plan of maintenance that the contract continues in force. Procedure for a Panama Reforestation Small Investment Visa: - Minimum investment of $60,000 for purchasing at least three (3) hectares. - Applicant and dependants must present themselves in person to the Immigration office for the initial application and subsequent renewals. The procedure for temporary (non-resident) permits (visas) are the following: 1. Register passport at Immigration. 2. Present application with all required documents to immigration, with Government fees & Repatriation Deposit (if applicable). 3. Immigration department issues applicant 3 months Temporary Permit (Visa) & Multiple Entry-Exit Visa. 4. Immigration department issues applicant 2 year Temporary Permit (Visa). (Steps 3 and 4 are repeated every time the temporary visa is renewed). Panama Offshore Legal Services Fees Immigration Processing Fees for Panama Reforestation Small Investment Visa: Phase 1: - Government Fee
to Tesoro Nacional (National Treasury): USD $250 Legal Fee - 2nd
renewal Provisional Resident Visa: USD $1,000 Legal Fee - 3rd
renewal Provisional Resident Visa: USD $1,000 For Dependents (spouse or children under 18 yrs): Phase 1: Phase 2: Legal Fee
- 2nd renewal Provisional Resident Visa: USD $1,000 Legal Fee - 3rd
renewal Provisional Resident Visa: USD $1,000 PANAMA REFORESTATION
LARGE INVESTMENT VISA - Minimum investment of $80,000 for purchasing at least five (5) hectares. - Applicant and dependants must present themselves in person to the Immigration office for the initial application and subsequent renewals. The procedure for all resident permits (visas) is now the following: 1. Register passport at Immigration. 2. Present application with all required documents to immigration, with Government fees & Repatriation Deposit (if applicable). 3. Immigration department issues applicant 3 months Temporary Permit (Visa) & Multiple Entry-Exit Visa. 4. Immigration department issues applicant 2 year Temporary Permit (Visa). 5. Immigration department issues applicant 3 months Temporary Permit (Visa) & Multiple Entry-Exit Visa. 6. Immigration department issues applicant Permanent Residency Permit (Visa). 7. After 5 years
of Permanent Resident status, applicant may apply for citizenship
through Naturalization process (once a citizen, then passport
may be obtained). ADDITIONAL REQUIREMENTS FOR PANAMA REFORESTATION LARGE INVESTMENT VISA In addition to the basic requirements established in Article 28 of the Decree Law, the applicant must submit the following documents: 1. In the case of using a legal entity applicants should present: affidavits by the secretary or treasurer of the business (cannot be from the applicants), verifying the activities, the ownership of the nominative shares emitted in favor of the foreign applicant, properly free and full, and the total capital stock; 2. Certification of the Authorized Public Bookkeeper (CPA) that details the grand total invested in a direct way in the activity of reforestation and that the capital is from the applicant. (The bookkeeper should include copy of the decree and of the card in force); 3. Authenticated certificate of shares in favor of the Panama Large Reforestation Investors; 4. Copies of the tax return of the business, where the capital invested appears. If a fiscal period has not yet lapsed since the creation of the business, in its place the copy of the constancy of inscription in the Unique Registration of the taxpayer and copy of the unique rate should be submitted; 5. Copies of the resolution by the National Authority of the Environment of the Certification of the Forest Registration; 6. Original certification of the inscriptions of the business and the property in the Public Registry; 7. Proof that the investment is carried out in direct form in activities of reforestation, by a minimum of Eighty Thousand dollars ($80,000) which can be proven with documents such as: a. banking Certification of the funds transfer or of the payment
(obligatory); To request an extension, besides the requirements mentioned in the previous article, the applicant must submit the following documents: 1. Paz y Salvo of the applicant; 2. Bills or other documents that show disbursements performed in the last year for the project of reforestation, or certification of the business that is carrying out the plan of maintenance and that the contract continues in force. Immigration
Processing Fees for Panama Reforestation Large Investment Visa: Multiple
Entry & Exit Visa (Optional): Foreigners applying
for residency wishing to leave and retutn to Panama prior to receiving
their temporary residency must obtain a Multiple Entry & Exit
Visa. 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. Order Now or Contact Us Today!! |
