One of our more popular residency programs! With an investment of just US$40,000, in just a short time, this program leads to a new citizenship, passport and a new life. A favorite with our clients from Asia & South Africa! In a nut shell, within a short period of time you get your citizenship, passport and your investment back! A chat with PT Shamrock and one trip to Panama is all that it takes to get started, so read on.

Residency Program Panama
The Panamanian Residency Program is a program created especially for those potential investors who are interested in obtaining a second residence or home, for many different reasons for example; privacy, vacations, holidays, retirement, or just as a retreat to a small paradise, free of taxes and of the US and other governments.

The Panamanian Residency Program besides offering you a second home, also offers you the opportunity to expand and increase your investments by creating a portfolio of investments in one of the best tax havens in the world.

BENEFITS & ADVANTAGES

I. PANAMANIAN RESIDENCY
The Investor who takes full advantage of the Panamanian Residency Program will obtain:

3 month period tourist card, after that he will apply for;
a temporary residence, following a one year period, then he will be granted;
a permanent residence status beginning the second year.
The investor will then be qualified to apply for a Panamanian citizenship and Passport, after having 5 consecutive years of permanent residency.
As a resident the investor will be protected at all times under the Laws of the Republic of Panama.

II. WORKING PRIVILEGES
The investor will be allowed to work in the Republic of Panama, offering his professional, technical or any other services he provides, protected under the Panamanian Labor Code.

REQUIREMENTS

I. CAPITAL
The investor must travel to Panama to process all legal papers. You will require a police clearance, verifiable showing you clear of any troubles. This must be issued within the past six months in order to begin (immigration) residency process for five years. Just an investment of US$40,000 will get your Panama residency and naturalization, after five years.

II. DOCUMENTS
The investor must then provide Panama with personal information which includes:

  • a Power of Attorney authorizing to act on your behalf,
  • a medical certificate of good health for a period of at least 3 months,
  • an HIV laboratory test,
  • police records from his jurisdiction,
  • a valid passport,
  • 2 Copies of passport, front and back (notarized by Panamanian counsel)
  • birth certificate (notarized by Panamanian counsel)
  • 4 photographs (2x2cm), and
  • a declaration stating his nationality and names of parent's.

All of these documents are necessary to continue the immigration diligence effectively for the investor.

III. VISITS

The Investor will also have to make a total of 1 to 3 short trips to Panama, in a 3 months lap, to finish minor details regarding his immigration process.

IV. PANAMANIAN TAXES

The investor will not be subjected to any Panamanian Taxes. The offshore structure in BVI will receive the Annuity Payments the investor obtains from his initial investment, avoiding any tax consequences. BVI Corporation

The repurchase of shares is the only type of repurchase contract which is permitted in Panama. Celebrating in this case a one time contract, where it is subjected to a resolution clause, for the shares to be returned to its original owner or seller, transferring its ownership back.

(2. ) A repurchase or redemption of shares has the same effect as a dividend- meaning the distributing of the assets of the corporation to shareholders, thereby putting them beyond the reach of creditors and often senior shareholders. INTERNAL DOCUMENT

PROSPECTIVE

The Investor receives in exchange for the investment an invested a Residency Package which includes:

  • 3 month visitor card;
  • Temporary Residence for 1 year
  • Permanent Residence and Panamanian Citizenship after 5 years
  • Fixed Annuity of 5K per year for a 20 years period, received by BVI Corp.
  • Panamanian Passport
  • Panamanian Identification (Cedula) as Investor
  • Working Privileges in Panama (entitled to work)
  • INVESTORS EXPENSES

All legal fees and immigration expenses are paid by LAP Panama except for a check required for the Ministry of Panama for the amount of USD$1,1OO.OO. Total Expense USD$1,1OO.OO

Our Introduction fee of EUR 2,500.

For further details for serious parties only please contact us at the email below.