Panama, country of Central America located on the Isthmus of Panama, the narrow bridge of land that connects North and South America. Embracing the isthmus and more than 1,600 islands off its Atlantic and Pacific coasts, the tropical nation is renowned as the site of the Panama Canal, which cuts through its midsection. It is equally well known for its natural beauty, for its diverse plant and animal life, including hundreds of bird and tree species, and for its vibrant music and culture.
Panama enjoys a lively mix of cultural influences, expressed in the country’s cuisine, artwork, music, and literature. Its capital, Panama City, is located on the Pacific coast just east of the canal. A cosmopolitan city where skyscrapers tower above whitewashed bungalows, it enjoys a handsome setting and a growing importance as a commercial and financial services centre for the region.
Panama is by far the safest country in Latin America with a very low crime rate in Panama city and almost no violent crime; Panama has diverse living from mountains and cooler climate to tropical Caribbean beach paradises at very affordable prices, there are over 30 international schools, medical facilities are first-world-class and on par with the United States, the city is considered an international first-class city with close access to the rest of the world.
This is the reason why many businessmen are choosing to leave the United States, Europe, China, and Latin America and move their families to Panama. Indeed, Panama is extremely multicultural and extremely tolerant of foreigners.
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The Rentista Retirado visa offers Panama residency and a special Panama passport for the applicant and immediate family members, as per law 9 of 1987. The immediate Panama passport program requires an investment in a 5 year US Dollar certificate of deposit (CD) in one of the two Panama government banks, and the CD must generate a minimum monthly interest of US$850. The amount of the Panama bank CD deposit required to generate US$850 per month in interest will depend on the interest rates offered at the time of making the deposit. Contact usfor a quotation on current interest rates.
This “special” Panamanian passport looks like any other passport and it includes the applicants’ original country of nationality. For example, if a Chinese citizen obtains the Immediate Panama Passport, the Panama passport will state that the passport holder is a Chinese citizen, not a Panamanian citizen. This special Panama passport is useful for traveling, however, it does not grant Panamanian citizenship.
The applicant has the option of making the CD investment (time deposit) in either the National Bank of Panama (Banco Nacional de Panama) or the Caja de Ahorros Bank, both of which are Panama government banks. The Panama passport is only valid for the Panama bank CD term of 5 years, and early withdrawal of the CD will result in the cancellation of the Panama passport and Panama visa.
|Government aplication processing time||4-6 WEEKS|
The amount of the Panama bank CD deposit required to generate US$850 per month in interest will depend on the interest rates offered at the time of making the deposit. Contact usfor a quotation on current interest rates.
|Investing Holding period||5 YEARS|
|Key Visa-free Travel destinations|
visa-free or visa on arrival access to 140 countries and territories, ranking the Panamanian passport 35th in terms of travel freedom according to the Henley Passport Index
|The right to live,work and study without restriction in||N/A|
|Free Public Education for Citizens||YES|
|Dual citizenship permitted||NO|
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