DIFFERENCE BETWEEN A PANAMA REGULAR RESIDENCE VISA AN A PANAMA QUALIFIED INVESTOR VISA
DIFFERENCE BETWEEN PANAMA REGULAR RESIDENCE PROGRAM AND PANAMA QUALIFIED INVESTOR VISA PROGRAM
Regular Residence Program | Qualified Investor Residence Program |
Type of Residence: 2 years provisional residence 1 year and 11 months before provisional residence expires, you must apply for permanent residence | You will be granted permanent residence immediately after approval. |
Process Time: Process Time: 6 months for each type of residence. | Process time of the Qualified Real Estate Investment Visa: 30 days after the investment is certified. |
Process at Immigration Office | It is Processed at a special department of the Ministry of Commerce and at a special department of the Immigration Office |
Investment: Not time limit to maintain the investment after approval | Investment: You need to keep the investment for five years, and submit yearly reports to the Ministry of Commerce and Immigration Office |
Government Fees: regular | Government Fees: Higher |
Paperwork: You must submit the same documents to apply for permanent residence, with the exemption of the criminal history. | Paperwork: You only need to submit the documentation once. However, every year you must submit a report proving that you still have the investment. |
Visit to Panamá: You must be in Panamá when the paperwork is submitted. | Visit to Panamá: You do not need to be in Panamá to submit the paperwork. |