PANAMA REFORESTATION INVESTMENT VISA (STAGE 2) (ONLY 50% CHARGED ONLINE, THE REST ON DELIVERY) TOTAL COST: $2,000

Description

The Panama Reforestation Investment Visa is a permanent Panama Resident Visa requiring a minimum Eighty Thousand US Dollars (US$80,000) reforestation investment for a minimum purchase of five (5) hectares of titled land that is part of a Panama government certified reforestation project or forest plantation. The Panama Reforestation Visa offers Permanent Residency and eventual Panama Citizenship for the investor and his or her spouse and children.

The Panama Reforestation Investor Visa law states the following: ”Foreigners that invest in their personal names or through a legal entity in activities of reforestation or authorized forest plantation, or any other activity authorized by the National Environmental Authority (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 including dependents (Spouse or Children) in the Panama Reforestation Visa, the investment should be increased by Two Thousand dollars ($2,000) for each dependent.

WHY INVEST IN REFORESTATION?

• Safe, high return, long-term investment. Great for long term retirement planning or future education funding, etc.
• It is a proven fact that Tropical Rainforests have been slaughtered by man, and are currently near extinction. An investment in reforestation provides you with the perfect opportunity to do good for the environment by reducing Rainforest depletion. Protecting tropical rainforests are essential for providing a natural habitat for many plants and animals, preserving our climate, purifying the air you breath, and replenishing global water resources.
• Global populations are growing exponentially, creating larger demands for lumber – its better that the lumber is sourced from sustainable reforested plantations and not from the Rain Forest.
• Prices of hardwoods have historically increased and the trend continues.
• The Panamanian Government rewards you with Legal Residency and a Passport in Panama in return for your investment in reforestation.

BASIC REQUIREMENTS FOR PROCESSING A PANAMA FORESTRY INVESTOR VISA:

Here are the basic requirements for Panama Reforestation Visas:

• All visa applications must be processed by a Panamanian lawyer (Our attorneys will take care of this part)
• All overseas documents must be authenticated by a Panamanian Consulate nearest you or by Apostil (an apostil is an internationally recognized form of authentication of documents – generally done through the ministry of foreign affairs or secretary of state).
• All applicants must provide a Police Clearance report (criminal history record). For US citizens, an FBI criminal history clearance report is required.
• 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, at the moment of submitting the visa application.
• Dependents (Spouse and children under 18 or up to 25 if they are in school) can be included in the residency, however, the investment must be increased by Two Thousand US Dollars (US$2000) per additional dependent. The Spouse must provide a legal marriage certificate. Children must provide birth certificates.
• Applicant and dependents must present themselves in person to the Immigration office for the initial application and subsequent renewals.
• Initial Application: Expect to be in Panama for 10 business days. After registering and submitting all documents, immigration will issue a provisional resident visa.

For Primary Applicant:

Stage 1:
Legal Fee – 2 year Panama Temporary Immigrant Visa: US $2,000
Government Fees and Costs: – To Tesoro Nacional (National Treasury): US $250
– Repatriation Deposit (refundable once permanent visa is approved): US $800
– Other Fees: US $350
Total Government Fees & Repatriation Deposit: US $1,400

Stage 2:
Legal Fee – Panama Permanent Residency Visa: US $1,500
Government Fees and Costs: US $500

Stage 3 (optional):
Legal Fee – Panama Naturalization (Citizen / Passport): US $5,000
Government Fees and Costs: US $2,000

For Dependents (spouse or children under 18 yrs):

Stage 1:
Legal Fee – 2 year Panama Temporary Immigrant Visa: US $1,500
Government Fees and Costs: – To Tesoro Nacional (National Treasury): US $250
– Repatriation Deposit (refundable once permanent visa is approved): US $800
– Other Fees: US $350
Total Government Fees & Repatriation Deposit: US $1,400

Stage 2:
Legal Fee – Panama Permanent Residency Visa: US $1,500
Government Fees and Costs: US $500

Stage 3 (optional):
Legal Fee – Panama Naturalization (Citizen / Passport): US $5,000
Government Fees and Costs: US $2,000

IMPORTANT NOTE:  The corporation that holds the reforested property title, must file an annual tax declaration in Panama, which is needed for the renewal of the resident visa.  The accountant that files the annual tax declaration for the corporation charges US$200.