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Permanent Residence by Real-Estate Investment

PanamaInvestment

Explore the five recorded questions, answers and sources for this pathway.

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What investment option or options qualify?

Ownership of real estate: the Public Registry certification must show the property is free of liens, and the purchase funds must come from abroad. The property may also be held by a private-interest foundation (if the founder and the applicant or dependants are the beneficiaries) or by a corporation whose shares are nominative in the name of the applicant and dependant (bearer shares are not admitted). If the applicant has paid B/.300,000.00 in cash for a property of higher value, the remainder may be financed through a local bank mortgage.

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What official minimum amount, tier or threshold applies to each relevant option?

The official minimum investment amount is B/.300,000.00 in real estate. Government fees are separate: a certified cheque for B/.250.00 payable to the National Treasury and a certified cheque for B/.800.00 payable to the National Immigration Service.

See recorded sources
  • REQUISITOS, item 9
    Certificación del Registro Público que compruebe la propiedad de los bienes inmuebles, a título personal del solicitante mínimo de trescientos mil (B/ 300,000.00).
  • REQUISITOS, item 6
    Cheque Certificado por B/ 250.00 a favor del Tesoro Nacional
  • REQUISITOS, item 7
    Cheque Certificado por B/ 800.00 a favor del Servicio Nacional de Migración

How long must the investment be maintained and what continuing ownership, investment or physical-presence conditions are important?

No holding period or physical-presence requirement is stated. For definitive permanence the applicant must again meet the Article 193 requirements (including Public Registry certification of real estate owned personally worth at least B/ 300,000.00 and free of liens), except the criminal-record certificate and cheques, plus an income-tax clearance.

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Limits of the record
  • No explicit maintenance period or physical-presence rule.

Which family members can be included where officially stated, and what broad residence/work rights result?

Dependants may be included. For dependants, the following are required: a notarised letter of responsibility, proof of relationship (apostilled or authenticated), proof of domicile (public utility receipt or rental contract), and for children over 18 up to 25 years old, a certificate of singleness and certified studies. The document does not state any residence or work rights for family members.

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Limits of the record
  • The document does not state which family members (e.g., spouse, children) are eligible beyond the listed requirements for dependents.
  • The document does not state any residence or work rights for included family members.
  • REQUISITOS, item 11
    En caso de dependientes: • Carta de Responsabilidad notariada • Constancia de Parentesco apostillado o autenticado • Prueba de domicilio recibo de servicios público o contrato de arredramiento • hijos mayores de 18 años hasta 25 años (presentar Certificación del soltería y estudios certificados)

What status is obtained, how is it renewed, what longer-term residence/citizenship direction is officially stated, and what happens to the investment when relevant?

The document describes two statuses: a provisional permit (Permiso Provisional de Residente Permanente) and a permanent residence permit (Permiso de Residente Permanente). To request permanent residence, the applicant must comply with the requirements of Article 193 of Executive Decree 320 of 8 August 2008, except for the criminal record certificate and the cheques, and must present a tax clearance (paz y salvo de renta) in the applicant's favour. The document does not state renewal procedures, longer-term residence/citizenship direction, or what happens to the investment.

See recorded sources
Limits of the record
  • The document does not state how the provisional permit is renewed.
  • The document does not state any longer-term residence or citizenship direction.
  • The document does not state what happens to the investment when relevant (e.g., upon sale or after a period).
  • Title
    PERMISO PROVISONAL DE RESIDENTE PERMANENTE POR RAZONES DE SOLVENCIA ECONÓMICA POR INVERSIÓN EN BIENES INMUEBLES, Art. 193 Decreto Ejecutivo 320 del 8 de agosto del 2008
  • Section heading
    PERMISO DE RESIDENTE PERMANENTE POR RAZONES DE SOLVENCIA ECONÓMICA POR INVERSION EN BIENES INMUEBLES PRP-SEP-IBM
  • Permanent residence section
    Para solicitar la permanencia definitiva el solicitante deberá cumplir con los requisitos del artículo 193, del Decreto Ejecutivo 320 del 8 de agosto del 2008, a excepción del certificado de Antecedentes penales y los cheques.
  • Permanent residence section
    Paz y salvo de renta a favor del solicitante (Artículo 195 del Decreto Ejecutivo No. 320 de 8 de agosto de 2008)

These are the answers currently recorded in the catalogue. A missing or partial answer is not an eligibility decision.

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