Indeed, recent changes to this residency program have just been approved which will be implemented on Aug. 18; these changes not only delayed permanent residency by two years (you’ll first have to obtain a two-year residency permit, while the request to get permanent residency must be made at the end of the second year), but also added additional labor or an investment ($200,000 in real estate) to the requirements. However, all residency applications filed before that will still get to benefit from current regulations.
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How can investors from Friendly Nations get visas in Panama following recent policy changes there?
I've heard Panama has changed its Friendly Nations visa policy. How does it affect investors from Friendly Nations, especially those who are looking to get permanent residency via investment in Panama by incorporating a business?
Answers
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Any applicant under the Friendly Nations Visa that successfully files his application by Aug. 17, 2021, will be grandfathered with the current rules. All applicants from Aug. 18 onwards will need to comply with the new requirements, such as either have an employment in Panama or invest a minimum of $200,000 in real estate in Panama.