Panama Instant Passport as well as also Residency Programs
- May 30, 2017
- Posted by: marlenedubois
- Category: CPR Training
Panama offers a multitude of programs enabling one to fairly easily obtain a Passport, Visa, Residency as well as also Citizenship. Panama is actually an excellent place for a second passport (2nd passport). The plans are outlined below. Do feel free to ask questions. We do not advise attempting to deal with the immigration authorities without adequate legal representation by a competent attorney.
Warning: All of our passport programs require you to be physically present at the immigration department for fingerprinting as well as also photographing. These are NOT the “Pay someone off inside dark” programs you see on the internet which do not require you to go to the country physically as well as also have a passport, identity card as well as also driver’s license. There are numerous stories on the internet if you look for them of people getting arrested all over the planet when they attempt to travel on these passports. What is actually often done is actually passport blanks in which come back by the supplier received a slightly defective (bad printing, stitching etc.) are marked as not usable by the government as well as also are then sold by unscrupulous immigration officials through third parties. The problem is actually when the country in which issued those does an audit of their immigration department they pick these things up as well as also then the passports are flagged as fraudulent or stolen as well as also This particular is actually sitting in some unfortunate person’s wallet waiting to be used as well as also can cause a police detention with likely arrest to follow. There was just a raid recently in Guyana as well as also the corrupt immigration officials there were issuing hundreds of passports daily. right now along comes some guy who bought one of these “officially issued” passports as well as also he goes through immigration in say the EU. Well he doesn’t appear to be a Guyana type so they query around a bit as well as also he gets arrested. Months after the scandal we still see Guyana Passports being sold on the internet which makes one wonder.
We even see Diplomatic passports being sold on the internet for $50,000 as well as also up. This particular is actually ridiculous. What the buyers are not aware of is actually in almost all countries travel using a Diplomatic passport requires a visa so the country you intend to visit will require you to physically submit the diplomatic passport to their embassy for a visa which will involve scrutiny. So when they contact the diplomatic passport issuing government to verify the purpose of your visit, duration, whether or not you will be attached to the embassy, etc. what do you think is actually going to happen? Do you think the issuing government is actually going to provide official documentation for all of your journeys? Do you think they will even know who you are? They will most likely remain non responsive as well as also your passport will probably never be returned as a best case scenario however This particular might most likely be followed by a knock at the door shake you up or arrest you visit by some authorities depending on where you live, admittedly some countries will not care what you did however others in which are terrorist sensitive will get truly interested in you as well as also your whole life as well as also you should expect to be added into the watch/stop list doing airport travel a nightmare for the next ten or twenty years. The government in which issued This particular diplomatic passport may also contact you after they get contacted for a $10,000 bribe or they will make trouble for you as well as also on This particular goes. Remember why do you see Nigerian Scam Emails – because they work. There are a lot of stupid people out there so don’t be one of them.
How can you tell if a second passport or residency/citizenship program is actually real?
Be careful when buying a second passport (2nd passport). First thing to look for is actually the statues inside law in which contain the laws spelling out the program you are considering. If there are no statues run the various other way. If you are told about a special program not for everyone, run.
Next make sure when buying a second passport (2nd passport) you will be going physically to the immigration department inside country for processing, photographs as well as also fingerprints. This particular will greatly cut down the odds of a scam. Normally the country will want to know who you are, as well as also like to see as well as also copy a valid passport as a minimum. If the deal is actually you give them pictures as well as also they send you the documents run away, This particular is actually probably a scam involving a counterfeit passport blank or a stolen one. I have even heard of them applying for passports inside name of a dead person using your picture. What if he was a dead criminal with warrants outstanding?
When buying a second passport (2nd passport) never agree to get a name change as well as also a second passport all in one shot unless This particular involves court appearances for the name change. If not This particular probably involves a corrupt government official as well as also will surely be trouble. If you do a name change in court in some jurisdiction make sure This particular is actually not public record or This particular is actually greatly diminished in value. Never carry two different passports with your picture in both in which have different names unless you enjoy being detained at airports, border crossings etc. A lot of scams involve a story in which goes like This particular; OK Mr. Gringo you want the passport to be able to travel as well as also open bank accounts as well as also not as a citizen of the USA, EU, Canada etc. OK well This particular is actually best to do so using a name in which sounds like someone’s name in our country, here let me suggest This particular name: Enrique Haeverra. Hey in which sounds great you say. right now what you don’t know is actually they got Enrique’s name off of a tombstone as well as also they are going to identity theft the dead guy for you. This particular will probably blow up when a cross reference is actually made or something causes a record check like you trying to enter the country some day as well as also then you are in for This particular. Remember you don’t talk, look, act or have a story like someone by their country should. Some jerk criminal buys such a passport as well as also then gets caught doing something no regular person might do like money laundering 25 million dollars as well as also then they pull his papers, scrutinize them, see the fraud as well as also the pull all the fraud papers of the corrupt official who signed the bad guys papers as well as also then start canceling all the passports This particular corrupt official processed illegally for fraud, theft, corruption or just to shake you down for money for playing games with their country as well as also of course you better believe they are going to think you are a millionaire.
Another scam is actually selling second passports (2nd passport) by non-existent or non-recognized countries. This particular is actually done a lot usually for $1000-$2000. There are very few countries who will ever accept these passports as well as also then usually only at border crossings. Usage is actually hit or miss, mostly misses. People buy these to open bank accounts with offshore. This particular sometimes works however usually in little countries with little banks. The problem comes when the bank examiner looks over their files as well as also sees one of the fantasia passports as an identity document. He hits the roof as well as also says I want to see real passports for all these people in here in 30 days or lock down these accounts. right now what do you do?
Below you can read about all the Panama Passport, Residency as well as also Citizenship programs in which are all inside Panama Laws.
Immediate Panama Passport
This particular program allows foreigners to obtain immediate Panamanian Passport (there is actually no citizenship in which goes with This particular) under the condition in which they make a 5 year certificate of deposit (CD), at the Banco Nacional de Panama (Panama’s Government Bank), which earns a minimum of US $750 per month in interest income which currently requires about $175,000 to be deposited. This particular is actually a relatively simple, direct program. A visit to Panama is actually required. One must already have a valid passport in which enables them to come into Panama. Getting your Passport in 30 days by time of completion of all required documentation is actually possible however time frames vary according to workload, holidays etc. The visa as well as also passport is actually renewable every all 5 years, which requires the CD to be renewed.
The Tourist Pensioner Visa (Turista Pensionado)
This particular visa is actually designed for persons whose pension by a government entity or private corporation is actually $500 or more ($0 or more for a couple per month). You will have to prove This particular under scrutiny. Usually a pension statement by the government or private pension will suffice however backup bank deposit records could not hurt. The Pensionado Visa is actually granted indefinitely however This particular is actually necessary to prove to the Immigration Department on an annual basis in which the income is actually still flowing by your pension. The benefits include one-time exemption of duties for the importation of household goods (up to $10,000) as well as also an exemption every two years of duties for the importation of a car. There is actually also a basket of various other benefits as well as also discounts available to those holding This particular Visa. However, please note in which under This particular visa you cannot qualify to acquire Panamanian citizenship or passport, however you do get a Cedulla (national identity card). This particular might greatly facilitate the opening of bank accounts, financing of real estate, cars, etc. Legal Details of the Pensionado Program follow:
The following are the benefits as well as also privileges for all those classified as Jubilados & Pensionados (irregardless of age) as well as also for all various other residents of Panama be they Panamañian or foreign nationals residing in Panama in their 3rd as well as also 4th Ages. This particular sets the age at 55 for women as well as also 60 for men. Law No. 6 of 16 of June 1987, modified by subsequent improvements inside law by Law 18 of 1989, Law 15 of 1992, Law 37 of 2001 as well as also Law 14 of 2003. (As a matter of practicality most establishments will offer the Pensionado discounts to anyone who has the Pensionado id irrespective of their age. Some people are retired at an earlier age.)
SUMMARY IN ENGLISH OF BENEFITS as well as also DISCOUNTS:
To receive these benefits, This particular sets the age at 55 for women as well as also 60 for men for all residents of Panama be they Panamañians or of different nationalities irregardless of age. as well as also This particular states in which all Jubilados as well as also Pensionados (irregardless of age) are also entitled to these benefits:
1. Discount of 50% of cost charged for entrance to recreation as well as also entertainment activities, such as movies, theaters, sports as well as also various other public productions. This particular discount is actually not applicable for those events marked as benefits for the youth, homeless or those specifically authorized by the competent authorities.
2. Discounts for the following means of public transportation:
* Inter-Urban buses, 30%
* Trains, 30%
* Launches as well as also boats, 30%
* 25% discount in air fares in public as well as also private national as well as also foreign Airlines.
3. A minimum discount of the regular prices of hotels, motels as well as also pensions:
1. 50% by Monday to Thursday
2. 30% on Friday, Saturday as well as also Sunday
3. 25% discount of food consumed by the individual in all restaurants except for the Fondas which do not require license to operate.
4. 15% discount in those rapid food establishments.
5. 15% discount inside total cost for services of hospitals as well as also private clinics.
6. 10% discount in pharmacies for those medications obtained that has a medical prescription.
1. Discounts inside following medical services:
1. 20% in consultation fees of general medicine doctors as well as also medical as well as also surgical specialists.
2. 15% for dental services.
3. 15% for optometry
2. Insurance companies in which include in their policies health benefits for illness shall adjust their fees to include the necessary adjustment to ensure in which the benefits of these discounts are transferred inside payment of the premiums when the insured is actually 55 years old if female, as well as also 60 years old if male as well as also to the Pensionados & Jubilados.
3. 20% discount for technical as well as also professional services.
4. 20% discount for all prosthetic devices as well as those items as well as also accessories of personal assistance.
5. 50% discount in cost of passports.
6. 25% discount in monthly electrical consumption of private or public entity up to 600KW’s as well as also the normal tariffs will be applied to anything above in which amount.
7. Discuss discounts to properties owned by associations of jubilados as well as also pensionados as well as also the different discounts they are entitled.
8. 25% discount to the basic phone service charges when:
1. the phone service is actually inside name of the individual
2. is actually for a residential phone
3. is actually for one as well as also only one phone. The normal tariffs will apply for anything more.
9. 25% discount inside water bill as long as:
1. the consumption does not exceed $30.00
2. by bill is actually inside individuals name
3. the bill is actually residential as well as also is actually the prime residence. The normal tariffs will apply to all various other residences.
Private Income Retiree Visa (Rentista Retirado)
This particular visa is actually for persons who don’t have a monthly pension, are no longer working, as well as also have received a retirement lump sum. As a visa requirement, in which money is actually to be deposited on a all 5-year certificate of deposit with the National Bank of Panama, to yield at least $750 a month (at current rates the face value of the CD might need to be approximately $175,000). The visa is actually renewable every all 5 years, as long as the CD is actually renewed. The Private Income Retiree Visa includes such benefits as a traveling Panamanian passport (in which however does NOT grant nationality), a one-time exemption of duties for the importation of household goods (up to $10,000), as well as also an exemption every two years of duties for the importation of a car.
Person of Means Visa (Solvencia Económica Propia)
Designed for those who wish to live in Panama off their own means, without the need or desire to work or start a business. The person must have a one-year certificate of deposit in any local bank of at least $0,000. $80,000 of the $0,000 can be inside form of a home purchase. Upon applying for the first, provisional renewal of This particular visa, the certificate of deposit must also be renewed for one more year. After renewal, the visa is actually granted permanently with the right to a cedula (local identity card). all 5 years after obtaining the permanent visa, holders will be eligible to apply for Panamanian nationality.
Investor Visa (Inversionista)
Designed for those who wish to establish a business in Panama (note, though, in which some retail businesses as well as also some professions are reserved to Panamanians). There must be a minimum investment of $150,000 as well as also minimum of three, permanent Panamanian employees hired. This particular is actually granted provisionally for one year as well as also after renewal is actually granted permanently with the right to be issued a cedula. all 5 years after obtaining the permanent visa, holders will be eligible to apply for Panamanian nationality.
little Business Investor Visa
(Inversionista de Pequeña Empresa)
Designed for those who wish to establish a little business in Panama (note in which retail businesses as well as also some professions are reserved to Panamanians). There must be a minimum investment of $40,000 as well as also minimum of three permanent Panamanian employees hired. This particular is actually granted provisionally for one year, as well as also needs to be renewed three more times before This particular is actually granted permanently with the right to a cedula. all 5 years after obtaining the permanent visa, holders will be eligible to obtain Panamanian nationality.
Self Economic Solvency Visa
Law Number 16, of June 30, 1960 created This particular program to offer international investors the opportunity to obtain legal residency, citizenship (as well as also passport) in Panama through certain investments inside Republic of Panama.
The Self-Economic Solvency Visa offers three (3) different investment options to qualify for residency status inside Republic of Panama;
Agricultural Investor Visa
Law number 16 of 1960 created This particular program (“Visa en Calidad de Agricultor”) as a means to offer foreigners the opportunity to become permanent residents as well as also citizens in Panama by investing in farms as well as also agriculture inside Republic of Panama.
little Business Investor Program
This particular program allows foreign business owners to obtain legal residency in Panama under the condition in which they invest a minimum of US$40,000 in either a completely new business venture, or an established company in Panama. Part of the requirement is actually in which the business must employ at least 3 Panamanian employees paying them at least minimum wage, with social security benefits.
Tax Free Processing Zone Investor Progam
This particular program allows foreign investors to obtain legal residency in Panama under the condition in which they must rent a plot of land or an office or building (rented through a 10 to 20 year concession) within one of the completely new tax free processing zones in Panama, for the purpose of operating a business by Panama in which exports its products or services.
City of Knowledge Work Visa Program
This particular program allows foreign investors to obtain up to 5 work visas (valid for an initial term of 2 years, as well as also renewable for an extra 2 years) for their company in Panama under the condition in which they must rent an office or building within the City of Knowledge of Panama (located within the former Fort Clayton military base), for the purpose of operating a business by Panama.
Temporary Immigrant Visa
This particular program allows foreign students to obtain legal residency in Panama under the condition in which they will be living in Panama for educational purposes, such as attending a Panamanian university, school, etc.
For more information on Panama Passports, Panama Residency, Citizenship or Visas click here: