Executive Decree No. 193 of 2024 amends provisions of Executive Decree No. 722 of 2020, introducing key changes to the subcategory of Permanent Resident as a Qualified Investor.
This decree allows applicants to obtain permanent residency through economic investments in Panama, focusing on encouraging foreign investment.
1. Minimum Investment: The minimum investment amount has been reduced to three hundred thousand dollars (US$ 300,000.00) to obtain permanent residency, applicable to real estate investments, purchases under a promise of sale agreement, and stock market securities. For fixed-term deposits, the minimum amount is seven hundred and fifty thousand dollars (B/. 750,000.00).
2. Types of Investment: Applicants may choose to invest in real estate, promise of sale contracts, securities registered on the Panama Stock Exchange, or fixed-term deposits in licensed banks in the country.
Each type of investment has specific requirements, such as certifications from the Public Registry or the bank, depending on the nature of the investment.
3. Conditions and Limitations: It is established that investments must be free of liens and that the funds must come from foreign sources. In the case of investments through legal entities, the applicant must be the ultimate beneficiary of the entity.
4. Terms and Guarantees: Investments in securities and fixed-term deposits must be maintained for at least five years, and in the case of real estate, the investment can be partially financed through mortgage loans.
This decree aims to facilitate the process for foreigners interested in obtaining Panamanian residency through investments, while ensuring the integrity of the country's immigration and economic system.
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