Panama’s Golden Visa Spurs Real Estate Investment
Panama’s new Golden Visa offers foreign investors permanent residency in Panama immediately upon approval, with no need for a physical presence in the country. With a single real estate purchase valued at a minimum of $300,000 (increasing to $500,000 as of October of 2022), you could become a permanent resident in Panama in as quickly as 30 days, even before your first visit to the country. The investment can also be split into two more purchases, and is not limited to real estate. Thanks to its bureaucracy cutting efficiency, The Panama Qualified Investor Visa has seen much success in its short lifetime.
Launched just over a year ago, simplicity is at the core of this program, unlike other nation’s investor visa requirements. Invest, get your visa approved, come at least once every two years and benefit from everything Panama has to offer. Citizenship is even on the cards after a couple of years.
Investing for residency purposes has two options: through banking services or through real estate. If you opt for real estate, you must purchase a property worth at least $300,000. Following October 2022, this will rise to $500,000, so consider acting quickly if possible. Residency for your family comes in way cheaper, at just $2,000 USD for every dependent you list. Just be mindful that you have to maintain the property for at least 5 years. Generate some passive income by renting it out! Check out our beach properties if you want to rent through Airbnb.
If obtaining your residency sounds like a long hassle, don’t worry. Created to guarantee an outcome within thirty days of you submitting the required documents to the Immigration Offices in Panama, it’s a speedy process. Unquestionably a great value for money: buy a great property and get a residency for just a fraction of the price of a condo in the US or Canada.
Best of all? Your Panamanian lawyer can start the process from the comfort of your home country. As a result, we’ve had several clients asking us for properties that qualify for investor residency.
Interested in getting the Panama Qualified Investor Visa? Don’t hesitate to contact us for a selection of pre-qualified properties. We even have condos that are easy to rent-out thanks to their highly desirable neighborhoods and amenities. They’re the perfect option for those who aren’t looking to move to Panama full-time. Moreover, you can select one of our beach properties with gorgeous Pacific views, rent it out through Airbnb and enjoy it while you’re here!
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