Panama: The country that accept more residencies visa in the world.
It happened to you that you wanted to immigrate to another country but had a lot of complications to get your visa approved?
Well, in today’s article we’ll explore the countries that accept more residency visa in the world. Nowadays when you want to immigrate the process of approval of documentation is becoming more and more municiuos so you have to look for the countries that approve the most visas, that is why today we bring you panama
Between the start of the year and the end of October the migration to Panama had approved 1229 such visas for main applicants, nearly as many as in the three preceding years combined. The number of panamanian retirement visas approved in a sing year calendar will reach an all time high in 2022, reaching a record that has been closed since 2011
What type of visa to apply for?
Panama has many types of residency by investment visa. The 2 more famous are the QIV and the FNV. But one of these is better than the other.
The FNV for Panama was by far the most popular investment-based visa but there was a change in the minimum investment. The friendly nations visa: the raising of the minimum from just usd 5000 to usd 200.000 has dropped the applications.
But other visas such as QIV, which is Panama's newest investment based visa, have had a significant uptake in the last two months. This visa offers permanent residency, a five year path to citizenship and unlike the other visa is open to all nationalities. Also there is a discount in the real estate option that was raised from 300.000 to 500.000 but authorities opted to extend the discount for 2 more years.
All of this panama investment based visa have remarkably high rates of approval, ranging from 94 to 100 percent
What are the cons of this program?
A lot of people talk about how easy it is to get your second residency in Panama; they’re right in some respects. If you are from one of the friendly nations on Panama’s list, you are almost guaranteed Panamanian residency.
For one, you’re only getting “easy” according to one definition. Yes, it’s cheap and the program is relatively straightforward and doesn’t require a whole lot of commitment on your part once you have obtained your residence permit. But, we have found that the relaxed pace of life in Latin America also affects the government and their processing time for, well, pretty much everything. Dealing with this can become exhausting, confusing, and frustrating.
It is also hard to find reliable people to work within these countries. Finding a good lawyer who sticks to the laws is a monumental task because, unlike in most countries, laws are a bit more flexible in Latin America in general.
Because regulations change so frequently, it’s hard to know what you can depend on and whether or not you can trust your lawyer when the law doesn’t always match reality. There is a constant sense of legal ambiguity and it can seem at times that everything is subject to change.
So, if you are interested in finding out more about residency by investment program and its opportunities to develop business, contact us today! Below this article, you will find a link to set up a free fifteen-minute consultation with us to discuss your options further.
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