• Creimerman Product Team

Panama: What is the reforestation visa and why should you consider it?

The idea of relocation can be linked to our theme of this week, the environment. Now more than ever, moving abroad seems like an attractive prospect due to the possibility of finding a new professional and personal environment, as well as receiving the benefits that come with a relocation program, whether it be a residency visa or a citizenship. The focus of today’s article is Panama, specifically, the reforestation visa for foreigners looking to relocate to the Latin American nation. It is important to understand that each residency program is different, and the example we will share today represents a sustainable option for the future, which makes it all the more interesting and intriguing.

We will explore the requirements, steps and benefits of the residency visa with an investment in reforestation in Panama.

Criteria and details are key factors in a process such as this because they represent the difference between an application being successful or not. Please find below the requirements to be able to make an application for the reforestation visa in Panama:

· Process application with a Panamanian lawyer

· Apostille the documents with the Panamanian Consul in your country of origin

· Clean criminal record

· The documents need to be dated within 4 months of you making the application

· Passport valid for 6 months after application is made

· Proof of investment

· Authenticated copy of certificate of shares in favour of the reforestation investors

Even though the investment is something personal for those looking to relocate to Panama, it is also possible to apply as a business entity. For this reason, there are a few more requirements although we will not discuss these today.