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Qualified Investor Requirement is Increasing in October

Posted by admin on September 23, 2022
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Remember the Qualified Investor Visa we posted about at the beginning of the year? Well, we warned you that the price tag would almost double in a couple of months time. And the time limit is almost here. The qualified investor requirement is increasing in October!

The qualified investor requirement is increasing on October 15th, from $300,000 up to $500,000 this Saturday.  You can choose between investing in either real estate or through a local bank. The Qualified Investor Visa requirements were published on the 15th of October 2020, and the reduced price benefit is valid for the next twenty four months. Therefore, the last day to apply for this would be on the 15th of October 2022. You can purchase an existing property, a re-sale home or even pre-sale real estate. Remember that a condition is that you need to keep it for at least 5 years following the approval of your residency.

Looking to get residency in Panama, but not enough time to invest? Don’t worry, you won’t be left out just because you don’t have the extra $200K. Thankfully the Friendly Nations Visa still offers an option for those looking to invest at least $200,000 in real estate.Coming in cheaper than the Qualified Investor, this is one of the most popular visas for foreigners looking to get installed in Panama. This kind of visa will grant you permanent residency in Panama and can eventually give you the nationality!  To know if you qualify for this Friendly Nation Visa, just send us a message and we’ll put you in contact with one of our trusted lawyers.

Need help finding your perfect home?

If you haven’t found your ideal Panamanian home, we would love to help you find one that meets the requirements for any visa you desire. This way you can start your legal process  knowing your home will qualify you for residency.  Contact us now!

 

 

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