Is there an application to begin the process to residency??

Last activity 18 May 2021 by Immigration_Law

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adammreesMember16 February 2021 23:49:37

Hi,

As I understand it, you're supposed to open a bank account and deposit at least $5k in panama, then start your business.

And if you're from the US then the Visa part is already taken care of.

However, is there any other formality/paperwork/application that has to be filled out before hand?

And if not, then do you handle the legal processing of the business just as you would in the states with a lawyer or filing your own LLC?

I'm having trouble finding anything other than conceptual information, even when asking the embassy and such.

Does anyone on here have experience with the process of working toward citizenship and permanent residence in Panama?

kristc99Serial expat17 February 2021 00:13:08

881

A lawyer can answer those questions. Marcos Kraemer has quite a bit of info on his website www.kraemerlaw.com

A visa is not residency. You can stay in the country on a tourist visa for 180 days (automatically granted to ppl from the US)

You can get residency by meeting the requirements and working with a lawyer.

Your chances are slim to none of becoming a citizen here. But legal residency should give you all you need.

MagnesiumHelpsMember17 February 2021 02:52:40

kristc99 wrote:
Your chances are slim to none of becoming a citizen here. But legal residency should give you all you need.

Not the OP, but could you please explain the difference, and why citizenship is difficult? Thanks.

kristc99Serial expat17 February 2021 03:26:11

881

What do you mean by OP?
There is a process to apply for citizenship, and the final step is it has to be signed by the president. From what I have heard, even if you jump through all the hoops and pass all the tests, only a very few get signed. Look up Bob Adams on YouTube. He talked about this in one of his videos some time back.

adammreesMember20 February 2021 23:19:29

THANKYOU

Writing to that firm right away.

Appreciate you taking the time to help.

adammreesMember20 February 2021 23:26:12

If you don't mind me asking, do you need a lawyer for the residency application?

And if not, who do you contact to get the ball rolling?

kristc99Serial expat21 February 2021 03:56:01

881

Yes, you need a lawyer to apply for residency

SimCityATExpert21 February 2021 04:07:13

11288

kristc99 wrote:
What do you mean by OP?

OP = Opening Post

adammreesMember22 February 2021 01:29:56

THANKS

TeachercrüeMember14 May 2021 13:04:27

#10

A $5000 deposit into a Panamanian account is only for certain Visas. The Pensionado Visa only requires proof of a steady income of , I think, is $1250(?).

As for American citizens, there is no longer a treaty agreement in place. Tourists have 180 days, and must complete the standard visa process. There are several Visas to choose from.

I can send you the information I have saved. Do you feel comfortable sending me your email, and I will send you all I have, all verified by my attorney.

I will try to private message you my email if you’re interested in the information.

Best of luck!!

Emerald0100Member14 May 2021 13:54:28

#11

Hello we just went through the whole process and be pleased to explain it to you , how long it takes, cost etc and what to look out for.

adammreesMember14 May 2021 19:00:54

#12

This is fantastic! Thankyou!!

adammreesMember14 May 2021 19:01:25

#13

Thanks, that would be great!

Did you go through a lawyer or did you do it yourself?

TeachercrüeMember15 May 2021 01:36:20

#14

You have to use an attorney.

Immigration_LawNew member17 May 2021 15:17:42

#15

Hi

All visas require an application through a lawyer.

Let me know if we can of any help.

adammreesMember17 May 2021 19:41:44

#16

Defnitely. What's your website?

Immigration_LawNew member18 May 2021 16:12:06

#17

Hu

Its www.cldlegal.com

You can also check our FAQ page https://www.cldlegal.com/en/home/faq/

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