RSS

3 Ways to Gain Residence in Panama
By Rainelda Mata-Kelly

There are thousands of expats living in Panama: Americans, Canadians, Europeans, and many more from around the globe, who come here for the beautiful weather, the tropical beaches, low cost of living, and because Panama makes it easy to start a business.

 

Add to that a stable banking sector, the fact that Panama has the fastest growing economy in the Americas, and it makes even more sense.

 

And Panama is an exciting place to be. Jobs are being created faster than Panamanians can fill them and the government has been dreaming up incentives for entrepreneurs, multinationals and expats.

 

On top of already attractive visa options, the government has added new ones. Today, it’s easier than ever for foreigners to obtain residence. Here are just three of your visa options:

 

Pensionado Visa


Panama’s best-known residence program. If you have a lifetime pension of at least $1,000 a month and you’re over 18 years of age, you can qualify for permanent residence in just one application (normally within just six months of applying).

 

If you are legally residing here and if you are of retirement age—60 for men, 55 for women—then you can enjoy most of these discounts no matter which residence program you choose.

 

Permanent Residence for Nationals of Specific Countries


The title isn’t catchy, but Panama’s newest residence option (let’s just call it the NSC) opens the doors for professionals and entrepreneurs from the U.S. and 46 other countries that "maintain friendly, professional, economic, and investment relationships" with Panama.

 

The NSC’s straightforward requirements include establishing a local bank account with a minimum balance of $5,000. You must also do one of the following: purchase real estate; open a business; or obtain a job in Panama.

This visa awards permanent residence straight away.

 

Professional Residence Permit


This option is similar to the above, but it is open to foreigners who don’t qualify for the NSC and who would like to work in Panama. Traditionally, would-be residents have had to either invest or have a job with a company with enough Panamanian employees. The new Professional Residence Permit makes it easy to qualify for residence (with no major investment or pensioner status).

 

The programs are subject to change, so contact your Panama attorney (well before traveling to Panama). You can get an updated list of requirements and, more importantly, ensure there’s time to gather the necessary documentation...

 

Reinalda Mata-Kelly is the owner of Mata-Kelly law firm here in Panama.  Google them if you need any info on imigration or real-estate legal matters here in Panama ;)  They are on my list of trusted law firms.

Read

Well, it's February 4th today.  That means Carnival in Panama starts in 3 days.  Wow!!!!  The year has gone so fast, Carnival 2012 seems like just yesterday.  I'm sure it will be the same great experience as last year, except one thing, this year I am selling real estate.

 

Everyone in Panama celebrates at Carnival time.   Well, except the poor workers at the grocery stores and some resaurants and gas stations.  But between the dates of Feb 7 and Feb 12, if you are looking for a lawyer, real estate agent, or homeowner to show you their property, you just won't find it.  

 

I will probably be available to answer the odd email, but for the most part, I will be soaking wet drinking cold cerveza's in the streets of Las Tablas, listening to local music, watching the parades, fireworks, and cheering on this years new Queen.  The country just abslolutely shuts down, and party mode begins.

 

There are several celebrations throughout the year, and as I have said before, it has been difficult to get used to the fact that one cannot expect a business transaction to proceed with the same efficincy and stealth as it might in North America.  It's a fact that buyers and sellers here absolutely must embrace, thus they be driven to the brink of insanity.  To change the care free attitude of the Panamanian people is to change a stone into gold, or to stuff a pool ball into a wine bottle.  It just doesn't happen.  

 

So, I am shutting down for 5 days and going to work with the Panamanian system.  It will drive my clients crazy, but will give me some much needed rest.

 

Happy Carnival 2013!!

Read
Categories:   1 Block from Ocean Real Estate | Albrook Real Estate | Alcazar Real Estate | Altamarina, Playa Dorada Real Estate | Altos del Cerro Azul Real Estate | Altos del Golf Real Estate | Altos del maria real estate | Altos del Maria, Chame Real Estate | Andromeda Hills Real Estate | Andromeda Ocean Estates Real Estate | Andromeda Real Estate | Arenosa Real Estate | Aroma, LaLaguna Real Estate | Ave Balboa Real Estate | Ave Balboa, Bella Vista Real Estate | Ave Balboa, Vista Bella Real Estate | Ave. Balboa, Marbella Real Estate | Avenida Balboa Real Estate | Avenida Balboa, Bella Vista Real Estate | Avenida Balboa, Casco Antiguo Real Estate | Azuero Peninsula Real Estate | AZURA Real Estate | BAHIA Real Estate | Bahia, Playa Serena Real Estate | Bala Beach Resort Real Estate | Bala Beach Resort, Portobelo Real Estate | bank accounts in panama | banking panama | Barco Vento, Punto Barco Real Estate | Bavaria Real Estate | Beach Area Real Estate | beaches & city | Bella Vista Real Estate | Bella Vista, Av Balboa Real Estate | Bella Vista, Panama City Real Estate | Bethania Real Estate | bijao | Bijao Golf & Beach Resort Real Estate | bijao real estate | Black Sand, Coronado Real Estate | Brisas de los Lagos Real Estate | Brisas De Los Lagos, El Arado Real Estate | Brisas de los Lagos, La Chorrera Real Estate | Brisas Los Lagos Real Estate | Buenaventura Real Estate | Buenaventura, Playa Blanca Real Estate | C-Paradise, Playa Coronado Real Estate | cab fares in Panama City | Cabuya, Las Lajas Real Estate | Calle 50 Real Estate | Calle 50, San Francisco Real Estate | Calzada Larga Real Estate | can i live in panama | Canada friendly Panamanian banks | Canal Zone, Ancon Real Estate | Capira Real Estate | Caribbean Coastline, Santa Isabel Real Estate | Caribbean Ocean Front Real Estate | Caribbean Real Estate | Caribbean, Bala Beach Resort Real Estate | Carrasquilla, San Francisco Real Estate | Carribean Real Estate | Casa Bonita, Playa Bonita Real Estate | CASAMAR Real Estate | Casamar, San Carlos Real Estate | Casco Viejo Real Estate | Centinela Real Estate | Cerro Azul Real Estate | Cerro Chichibali, District of Toabre Real Estate | Cerro Viento Real Estate | Chame Real Estate | Chilibre Real Estate | Clayton Real Estate | Club de golf panama | Club de Golf Real Estate | Coco del Mar Real Estate | Coco del Mar, Panama City Real Estate | Coco del Mar, San Francisco Real Estate | Cocoli Tower, Bijao Beach Club & Residences Real Estate | Colon Real Estate | Coloncito, Gorgona Real Estate | Condado Del Rey Real Estate | Corona Del Mar Real Estate | coronado airport | Coronado Area Real Estate | Coronado banks | Coronado Country Club Real Estate | Coronado Country Club, Coronado Real Estate | Coronado Equestrian Club Real Estate | Coronado Escapes Real Estate | Coronado golf | Coronado Golf & Beach Resort, Playa Coronado Real Estate | Coronado Golf Club Real Estate | Coronado Golf Club, Coronado Real Estate | Coronado Golf Club, Playa Coronado Real Estate | Coronado Golf Course Real Estate | Coronado Golf Course, Playa Coronado Real Estate | Coronado Golf Real Estate | Coronado Golf, Chame District Real Estate | Coronado Golf, Playa Coronado Real Estate | Coronado Real Estate | Coronado, Chame Real Estate | Coronado, Panama Real Estate | Coronado, Panama West Real Estate | Coronado, Playa Coronado Real Estate | cost of living in panama | Costa Azul, Costa Del Este Real Estate | Costa blanca panama | Costa Blanca Villas, Royal Decameron Golf & Beach Resort Real Estate | Costa Blanca Villas, Royal Decameron Real Estate | Costa Blanca Villas, Royal Decameron Resort Real Estate | Costa Del Este Real Estate | COSTA DEL ESTE, JUAN DIAZ Real Estate | Costa del Mar, Costa del Este Real Estate | Costa Esmeralda Real Estate | Costa Linda, Costa Sur Real Estate | Costa Verde, El Arado Real Estate | Costa Verde, Los Senderos Real Estate | Decameron Resort Area, Farallon Real Estate | direct flights to panama | District of Penonome Real Estate | District of Toabré Real Estate | Dos Mares Real Estate | Dreamed Paradise Villiage Real Estate | Driving in Panama | Edison Park Real Estate | El Cangrejo Real Estate | El Cangrejo, Bella Vista Real Estate | El Carmen Real Estate | El Carmen, Bella Vista Real Estate | El Carmen, El Cangrejo Real Estate | El Celaje Real Estate | El Dorado Real Estate | El Espino Real Estate | El Fortin, Altos de Cerro Azul Real Estate | El Maranon Real Estate | El Palmar Real Estate | El Torreon Real Estate | El Valle De Anton Real Estate | El Valle Real Estate | El Valle, Las Uvas Real Estate | Eldon Spears | Embassy Club, Clayton Real Estate | everything golf panama | exchange rate panama | expatriation | expenses in panama | Farallon, Playa Blanca Beach Real Estate | Farallon, Playa Blanca Resort Real Estate | Farallon, Playa Santa Clara Real Estate | Fase 1, Club Ecuestre Coronado Real Estate | Fiji, Costa del Este Real Estate | Fontanella del Mar Real Estate | Fontanella Del Mar, San Carlos Real Estate | Fontanella, Los Altos del Maria Real Estate | foreign visas | Founders 2, Playa Blanca Resort Real Estate | Founders 3, Playa Blanca Resort Real Estate | Founders, Playa Blanca Resort Real Estate | free health care panama | Friendly Nations Visa Panama | GAMBOA Real Estate | Global Bank panama | Golden Reef Real Estate | golf courses in panama | golf in panama | golf panama | Gorgona Real Estate | government panama | Hacienda Pacifica Real Estate | Hato Pintado Real Estate | health insurance panama | Horizon Tower Real Estate | Houses for sale in Panama | How do I pay my property taxes in Panama | How much should I pay for a taxi in panama city | How to sell your home in Panama | Howard, Tucan Country Club Real Estate | Ibiza Residences II, Corona Real Estate | Inside Panama Real Estate | Is it expensive to live in panama | Is panama for me? | Isla del Rey Real Estate | Isla Perico, Amador Real Estate | Isla Taboga Real Estate | La Chorrera Real Estate | La Mare Real Estate | La Martillada, Anton Real Estate | La Pintada Real Estate | Lago Bayano Real Estate | Lago Gatun Real Estate | Las Fuentes, El Dorado Real Estate | Las Lajas Real Estate | Las Lajas, Coronado Real Estate | Las Olas, Vista Mar Resort Real Estate | Las Palmas Real Estate | Las Tablas Real Estate | Las Uvas Real Estate | Las Uvas, San Carlos Real Estate | Lidice Real Estate | Living in Panama | Llanos de Medidos Real Estate | Los Altos Cerro Azul Real Estate | Los Altos de Cerro Azul Real Estate | Los Altos de la Estancia, El Valle de Anton Real Estate | Los Balcones, Playa Blanca Real Estate | Los Balcones, Playa Blanca Resort Real Estate | Los Destiladeros Real Estate | Majagual, Arraijan Real Estate | Mantaraya Golf Course, Costa Blanca Villas Real Estate | Marbella Real Estate | Mariabe Real Estate | MARINAZUL Real Estate | mortgages in panama | move to panama | moving to panama | Naiblu Beachfront Residences Real Estate | Near Coronado Real Estate | Near Coronado, Las Lajas Real Estate | Nueva Gorgona Real Estate | Nueva Gorgona, Chame Real Estate | Nuevo Gorgona Real Estate | Obarrio Real Estate | Ocean II, Playa Blanca Resort Real Estate | Ocean Waves, Gorgona Real Estate | Ocean Waves, Playa Gorgona Real Estate | opening a bank account in panama | Pacific Hills Real Estate | Pacific Hills, Dos Mares Real Estate | pana | panama | panama airports | panama banking | panama banks | Panama Beach Towns Real Estate | Panama Beaches Real Estate | panama citizenship | Panama City Real Estate | Panama cpst of living | panama currency | panama driver's license | panama equity | panama for beginners | panama for expats | panama for real | panama golf resorts | panama immigration | Panama made simple | Panama MLS | Panama Pacifico Real Estate | panama passport | panama politics | Panama Property Tax | Panama Property Taxes | panama real estate | panama realtor | Panama relocation | panama residency | panama secrets | panama the inside scoop | panama the real story | panama tips | panama tourism | panama traffic | Panama Tropics | Panama visas | Parita Real Estate | Parque Omar, Carasquilla Real Estate | Parque Omar, San Francisco Real Estate | Patricia Italia, Playa Corona Real Estate | Pedasi Village 2 Real Estate | Penonome Real Estate | pensionado visa panama | Perlamar, Casamar Real Estate | permanent residence panama | PH Bahia, Playa Gorgona Real Estate | PH Bala Beach Resort Real Estate | PH Brisas de Los Lagos Real Estate | PH Embassy Club, Clayton Real Estate | PH Founders, Playa Blanca Resort Real Estate | PH Ibiza Ocean View, Playa Corona Real Estate | PH Jardines Del Rompio Real Estate | PH Napa Village, Playa Blanca Resort Real Estate | PH Torres De Las Americas, San Fransisco Real Estate | PH Town Center, Playa Blanca Resort Real Estate | PH Yacht Club, Avenida Balboa Real Estate | Phase 1, Punta Barco Real Estate | Playa Blanca Lagoon, Playa Blanca Resort Real Estate | Playa Blanca Real Estate | Playa Blanca Resort Real Estate | Playa Blanca Resort, Playa Blanca Real Estate | Playa Blanca Resort, Rio Hato Real Estate | Playa Blanca, Farallon Real Estate | Playa Blanca, Rio Hato Real Estate | Playa Bonita Real Estate | Playa Bonita Residences, Veracruz Real Estate | Playa Bonita, Howard Real Estate | Playa Bonita, Veracruz Real Estate | Playa Chame, Chame Real Estate | Playa Corona Real Estate | Playa Corona, San Carlos Real Estate | Playa Coronado Real Estate | Playa Coronado, Coronado Golf and Beach Resort Real Estate | Playa Coronado, Coronado Golf Club Real Estate | Playa Coronado, Coronado Golf Course Real Estate | Playa Coronado, Coronado Real Estate | Playa del Sol Real Estate | Playa Dorada Real Estate | Playa El Uverito, Las Tablas Real Estate | Playa Farallon Real Estate | Playa Gorgona Real Estate | Playa Gorgona, Nueva Gorgona Real Estate | Playa Malibu Real Estate | Playa Malibu, Gorgona Real Estate | Playa Malibu, Nueva Gorgona Real Estate | Playa Mar, Playa Dorada Real Estate | Playa Rio Mar, San Carlos Real Estate | Playa San Lorenzo, Rio Fonseca Real Estate | Playa Serena Real Estate | Playa Serena, Playa Gorgona Real Estate | political atmosphere panama | Portobelo Hills Real Estate | prices in panama | Property Tax Panama | Property Tax Rates in Panama | Pueblo Nuevo Real Estate | PUNTA BARCO Real Estate | Punta Barco Village, Punta Barco Real Estate | Punta Caelo Real Estate | Punta Chame Real Estate | Punta Pacifica Real Estate | Punta Pacifica, San Francisco Real Estate | Punta Pacifica., Panama City Real Estate | Punta Paitilla Real Estate | Punta Paitilla, San Francisco Real Estate | Punta Paraiso Real Estate | Punta Rocas Real Estate | real estate | Real estate agents in Panama | real estate companies in panama | Real Estate for Canadians | real estate in the republic of panama | real estate market in panama | real estate panama | Real Estate Taxes in Panama | real estate values panama | remax | remax panama | republic of panama | retiring in panama | rich novak | Rio Grande Real Estate | Rio Grande, Penonome Real Estate | Rio Hato, Royal Decameron Beach Real Estate | Rio Mar Real Estate | Rio Mar, San Carlos Real Estate | Riomar - The Pacific Real Estate | Riomar Real Estate | Road to El Valle Real Estate | Road to El Valle, El Valle Real Estate | Royal Decameron Resort panama | Royal Decameron Resort Real Estate | Royal Decameron Resort, Costa Blanca Villas Real Estate | Royal Decameron Resort, Farallon Real Estate | Royal Decameron, Costa Blanca Villas Real Estate | Royal Palm, Gorgona Real Estate | Sajalices Real Estate | Salud Real Estate | San Carlos Real Estate | San Francisco Real Estate | San Franciso Real Estate | San Miguel, Condado del Rey Real Estate | Sand Piper Real Estate | Santa Catalina Real Estate | Santa Clara Real Estate | Santa Clara Real Estate | Santa Fe De Lajas, Las Lajas Real Estate | Santa Maria Golf & Country Club Real Estate | Santa Maria Golf & Country Club, Costa del Este Real Estate | Santa Maria Golf, Costa del Este Real Estate | Santa Maria Real Estate | Scarlett Martinez International Airport | Selling your home in Panama | semusa | should I buy a car in panama? | Sora Real Estate | Sora, Chame Real Estate | Soralpina Real Estate | summit golf | sunwing | sunwing tourism panama | sunwing.ca | Taboga, Panama Real Estate | tarifas de taxi panama | taxi panama | Terrazas, Playa Blanca, Playa Blanca Real Estate | The Club Town, Embassy Club Real Estate | The Sands Real Estate | the truth about panama | tips about panama | tips for selling your home in panama | Toabré Real Estate | Torio Ocean View Real Estate | Toscana 2, Altos del Maria Real Estate | Toscana del Este, Costa del Este Real Estate | Toscana II, Altos del Maria Real Estate | Toscana Subdivision, Altos del Maria Real Estate | tourism panama | Town Center Real Estate | Town Center, Playa Blanca Real Estate | Town Center, Playa Blanca Resort Real Estate | Town Center, Rio Hato Real Estate | travel insurance panama | Trinity Hills Valley Real Estate | Trinity Hills Valley, Lidice Real Estate | troy bell | Tucan Golf | Tucan Golf & Country Club Real Estate | Via Espana, Parque Omar Real Estate | Via Poras, San Francisco Real Estate | Villa Lorena, Chanis Real Estate | Village at the Pool, Bijao Real Estate | visa panama | vista mar panama | VISTA MAR Real Estate | Vista Mar, Coronado Real Estate | Vista Mar, San Carlos Real Estate | Vivendi 300, Edison Park Real Estate | Woodlands, Panama Pacifico Real Estate
Categories
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.