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Panama


Panama is renowned for its famous Panama Canal, a crucial hub connecting the Pacific and Atlantic Oceans. Over the past decade, Forbes has consistently ranked Panama as the “Best Country for Living and Retirement.” Additionally, Panama boasts a lenient tax system, imposing no taxes on foreign income, no interest tax, and no inheritance tax, with other tax rates lower than those of most countries, making it highly favored by high-net-worth individuals. In 2024, the Panamanian passport ranks 33rd globally, granting visa-free access to 146 countries and regions.

 

Investment Immigration


The Panamanian government has introduced a permanent residency program to boost the local economy.


  1. Real Estate Purchase


  • Purchase property valued at $300,000 or above.

  • Includes residential, pre-sale, or commercial properties.

  • Maintain the investment for at least 5 years.


  1. Bank Fixed Deposit


  • A minimum deposit of $750,000 in a Panamanian bank.

  • Maintain the deposit for 5 years.

 

Pensioner Visa


  1. Applicants must be at least 18 years old.

  2. A fixed monthly income of at least $1,000 from a government or private pension.

  3. If purchasing property worth at least $100,000, the monthly income requirement reduces to $750.

  4. This visa offers lifetime residency and multiple benefits, including tax-free shopping and transportation discounts.


Key Benefits for Pensioner Visa Holders


  • 25% discount on utility bills.

  • Exemption from import tax on one vehicle every two years.

  • 20% discount on medical and surgical fees.

  • 15% discount on dental and vision checkups.

  • 20% discount on technical and professional service fees.

  • 50% reduction in recreational activity costs, such as movies, concerts, theater, sports events, and other public activities.

  • A 15% reduction on the maximum interest rate for personal or business loans.

 

Advantages of Immigrating to Panama


  1. Lenient tax policies: no personal income tax, no interest tax, and no overseas asset tax.

  2. Approval within as fast as 30 working days.

  3. Entry required only once every two years with a minimum one-day stay.

  4. One applicant can sponsor three generations for immigration.

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