INDIAN CITIZENS MOVING TO PANAMA

How To Immigrate To Panama From India? ; Complete Guide

As of June, 1st, 2018, citizens of India can visit and immigrate to Panama via a Stamped Visa. If you are a citizen of INDIA and interested in visiting Panama or get Panama residency, then you need to apply to one of the consulate of Panama in New Delhi and or in Mumbai for a Panama stamped visa. The above Panama consulates are authorized to issue the Stamped Visa and it will cost US$50.00 for the stamped visa. According to Executive Decree 320 of 2008 IF YOU ARE FROM ONE OF THE FOLLOWING COUNTRIES AND DO NOT QUALIFY FOR THE VISA WAIVER OR DO NOT REQUIRE AN AUTHORIZED VISA, YOU WILL NEED A STAMPED VISA.

GET YOUR PANAMA RESIDENCY & PANAMA PASSPORT NOW!

Citizens of India are not part of countries that qualifies for visa waiver and need to get their passports stamped. Stamped visas approval process may take from a few days up to 30 days depending on the completion of the review of the application. We do not recommend that Indian citizens purchase their Panama airline ticket until such time that they Panama consulate have stamped their passport.

REMINDER: IF YOUR PANAMA VISA IS APPROVED, YOU MUST PERSONALLY GO TO THE PANAMA CONSULATE IN INDIA TO GET THE VISA STAMPED ON YOUR PASSPORT

List Of Countries That Need STAMPED VISA

Cameroon
Central African Republic
Cuba
Dominican Republic
Ghana
INDIA
Malawi
Philippines
Republic of China
Republic of the Congo
Swaziland
Togo
Venezuela
Zimbabwe

Any Indian investor or tourist from India, may apply for a visa at the Consulate of Panama in India and submit his application along with required documentations for visa approval.

Required Documents Needed For Visa ; Indian Citizens

All Indian citizens who are interested in visiting Panama as a tourist or doing business in Panama, need to submit the following documents to the Panama Consulate in India:

Completed application form
Copy of your passport ( all pages )
Photos
Clean police report
Letter of invitation
Airline itinerary ( round trip )
Economic solvency
Hotel reservation
$50. application fee

STAMPED VISA DOCUMENTS FOR INDIAN CITIZENS

If you are a permanent resident of the United States but have a passport from India, you may require a stamped visa to travel to Panama. Without a permanent residence card, the requirements will be the same as the authorized visa. The stamped Visa takes approximately 2 to 3 working days to be processed by the Panama Consulate Office.

Fill out Application Form in print or typewritten.
Original passport, valid for at least 3 months.
3 Photographs (size: 2×2, with white background)
Copy of resident card, personal identification document from country of origin or US Permanent Resident card or US Visa, if applicable.
Flight reservation with itinerary of trip continuation or electronic ticket.
Hotel reservation (if applicable)
Proof of economic solvency during stay, depending on trip duration and no less than USD$500.00 per month. This can be verified with any and all of the following:

– Certified bank checks with applicant’s name.
– Travelers check with applicant’s name.
– Applicant bank statements from previous three months.
– Applicant credit card with statements from previous three months.
– Tax returns from previous fiscal year.
– Any other reasonable proof of income accepted by the National Service for Migration.

Work requirements:

– If applicant works for a public or private entity: work letter with receipt of last paycheck.
– If applicant is retired or receiving pension: document that indicates pension along with receipt.
– If applicant is a student (at least 18 years old): certification from academic entity indicating field of study and academic period.
– If applicant is economically dependent: declaration or notarized document from family member in which the person states that he or she is responsible for the applicant’s expenses during the trip.

Declaration or notarized document from person that is inviting (if applicable). Can be made by any of the Following:

a) Permanent or temporary Panamanian residents declaring from Panama. In this case this person needs to include the following:

i) Valid copy of cedula.
ii) If person is a foreigner, copy of general information from passport and temporary or permanent resident card or cedula.
iii)Copy of receipt from previous utilities bill that includes resident’s address.

b) If person responsible is a public or private entity:

i) Letter of responsibility front entity’s legal representative (If a University from Dean or equivalent)
ii) If person responsible is a private entity, it must include:

– Certificate from Public Registry.
– Copy of operation key from Colon Free Zone (if applicable).
– Certification of existence of University, education center, or City of Knowledge (if applicable).
– Copy of receipt from previous utilities bill that includes entity’s address.

c) In case of point (ii) whoever is inviting and assuming responsibility must prove economic solvency with one of the following documents:

– Bank certification valid for at least three (3) months.
– Work letter and Social Security Number.
– If covering applicant’s expenses, must present a declaration or notarized document in which they assume the responsibility.

If the application is for a person under 18 years of age, it must be submitted by one of the parents or whoever has custody and this person must include the following:

– Birth certificate authenticated by Panamanian Consul and by the Foreign Relations Ministry if applied from Panama and for visas approved directly by the National Service for Migration.
– Authorization by one of the parents for leaving the country if the minor is not traveling with both parents or person that has custody, detailing length of stay, person responsible in Panama and their address, phone number and source for covering minor’s expenses.

Certified check or money order for US$135.00 made out to The Consulate of Panama.
Self-addressed prepaid envelope for return of documents.

PANAMA IMMIGRATION AND VISAS

VISA EXEMPTION: There is a Law in effect regarding tourist visas for entering the Republic of Panama, ;

EXECUTIVE DECREE # 521:

Article 1: “Any person of nationality who requires a visa to enter the Republic of Panama, who has a valid Visa or Residence, duly issued by Canada, the United States of America, the Commonwealth of Australia, the Republic of Korea, the State of Japan, the United Kingdom of Great Britain and Northern Ireland, Republic of Singapore and any of the States that make up the European Union, may enter the national territory ”

Article 2: The visa granted by the countries mentioned in the previous article must be a multiple entry visa, has been used previously in the territory of the granting State and its validity shall not be less than six (6) months at the time of entering Panamanian territory. . If you meet the following requirements, you will qualify for the aforementioned decree:

• Has a valid passport with a minimum of three months validity.

• Has a multiple entry visa with six (6) months of remaining validity from ONE of the following countries: Canada, United States of America, Commonwealth of Australia, Republic of Korea, State of Japan, United Kingdom of Great Britain and Ireland North, Republic of Singapore and any of the States that make up the European Union

• You must have used this visa to enter the country. For example, if you have a visa from the United States, you must have entered the United States with that visa in order to qualify for the exemption.

• Panama Immigration Officers are accepting the visa exemption of Executive Decree # 521, if the holder has a valid permanent residence card of the United States.

• You must also show proof of economic solvency for a minimum of US $ 500.00 upon entering Panama.

NOTE: Make sure you have a minimum of three months of validity in your passport and a round trip ticket.

If you are a citizen of INDIA and looking for Panama permanent residency and Panama Passport, contact us for more detailed information.

EMAIL: info@panamalegalcenter.com

REPUBLIC OF PANAMA

Advantages:

Low Cost of Living, US Dollar Currency, Security, Vibrant Economy & Political Stability

ABOUT PANAMA

Panama is a small Latin American country with a population of approximately 4 million people of which more than 1 million foreigners live there. Panama borders Colombia and Costa Rica and is a tropical country year around. It has amazing beaches both in Pacific and Atlantic oceans with cool climate in the Chiriqui mountains. Panama is a very popular expat country and is a touristic place to visit as well as to live & retire.

Panama City, is the capital of Republic of Panama with population of around 1.4 million. Even though official language of Panama is Spanish, you may find that the new generation of Panamenians speak English and most people of Colon speak English fluently. History of Panama independence goes back to 1821 ( from Spain ) and then in 1903 ( from Colombia ). Panama´s official monetary system is U.S. dollar and it was the very first Latin American country to adopt the U.S. dollar as its official currency.

Panama Canal is the main source of revenue for Panama and it was built by the U.S. Army Corps of Engineers between 1904 and 1914. Panama Canal is considered one of the seven modern World Wonders and all ships going through Panama Canal must pay a toll for passing through. The toll varies and is based on the type of vessel, its size, and its cargo. The highest toll ever paid was $376,000 by the Norwegian Pearl cruise ship in 2010. According to Panama Canal Authority, the Canal´s revenue in 2018 exceeded$3.17 billion.

The Panamanian constitution is investor friendly and it gives foreigners and its citizens the same right to own property.

PANAMA ZERO TAX FEATURE

If you wish to escape the TAX GRIP in your home country, the low taxes in Panama (or even Zero Taxes) offer a great alternative.

Once you are a Panamanian resident, you are only obliged to pay low taxes on the income earned in Panama. Unlike the tax system in the USA and Europe, where citizens have to pay taxes on income generated abroad ( DOUBLE TAXATION ), Panama only taxes what you earn within its borders and your offshore earnings, foreign investments, and foreign salaries are essentially Tax-Free in PANAMA.

Panama is now rated as the #1 Retirement country in the world. The cost of living is relatively low and the climate is tropical all year round. Panamanians considered friendly people and the food is delicious. Panama City airport located in Tocumen and it offers many daily flights to Miami, New York and Europe. Panama has the most appealing programs such as special tax benefits for foreign investors and retirees discount that is unique in the world.

Immigration and residency requirements vary depending on your nationality and status but most international visitors may stay in Panama for 90 to180 days without applying for a visa. In order to apply for Panama residency, you need to be 18 years of age and have a valid passport. For obtaining residency, one needs to have a Panamenian lawyer to represent him / her in the immigration office by way of Power of Attorney. It is also required that all the documents from a foreign language, to be translated to Spanish by a Panamaian Certified Translator, Apostiled by Panamenian consulate overseas and then authenticated by ministry of exterior in Panama.

In addition to the above, all visa applications require to obtain a health certificate from a clinic in Panama as well as obtain a police report from their home country indicating no criminal history..

Even though immigration regulations may change without prior notice, below we mention some of the most popular format to get permenant residency in Panama.

Most visitors can stay in Panama between 3-6 months without leaving the country. However you need to get permanent residency card if you wish to make Panama your home.

More Residency Options:

Entertainment worker’s visas, which may be granted for a maximum non extendable 9-month term
Short-term worker’s visas, which may be granted for a maximum non extendable 3-month term
Domestic worker’s visas, which may be granted for a maximum extendable 1-year term
REFUGEES VISA PROGRAM: This applies to those refugees, persons who are seeking asylum, stateless, and persons entering Panama under provisional of humanitarian statute.

NON RESIDENT VISA OR PERMIT IN PANAMA Tourists Visas, Visa autorizado, Passengers-In-Transit visas, and Marine Workers visas fall under this category.
MISCELLANEOUS VISA PROGRAM: Other forms of Panama residency programs can be obtained.

In order to become a permenant resident in Panama, you need to hire a Panamenian attorney to represent you in the immigration office.

A Panamenian attorney is required to submit to the immigration office of Panama a series of documents depend on the applicant status and requirement.

A power of attorney is a formal document that you need to sign before a notary public in order an attorney to represent you before the immigration office.

Some of the standard documents required from all applicants

1. Power of Attorney ( PODER ESPECIAL ) must be given to a Panamenian lawyer in order for him/her to represent the applicant before the immigration office. The Poder must be notarized before a Notary Public in Panama in order to become valid.

2. Copy of all pages of your valid passport including the front & back covers

3. Health certificate from a clinic or a medical doctor

4. A copy of local police report from your home country. However in case, you are an American citizen, you need to provide a copy of criminal history from FBI.

The police report or FBI report needs to be sent to a Panamenian consulate in your home country to be Apostiled, then to be authenticated by Minitreio Exterior in Panama. After this procedure, the report needs to be translated to Spanish language by a certified Spanish translater in Panama.

5. Three fotos ( passport size )

6. Certified Checks may vary depend on each applicant status & type of visa.

FOR MORE INFORMATION ABOUT PANAMA PERMANENT RESIDENCY:

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