July 01, 2016 by Lief Simon
Last Chance For This Teak For Residency In Panama Program
The most cost-effective, hassle-free invest-for-residency program we know of available anywhere in the world today is in Panama and takes advantage of this country’s “Specific Countries” residency visa program.
The Specific Countries program was initiated under Ricardo Martinelli’s presidential administration through an executive order that the current president of Panama, Martinelli’s successor, Juan Carlos Varela, has so far allowed to remain in place. It is available to citizens of 48 specifically named countries. If you hold a passport for one of the 48 countries on the list, this is the best Panamanian residency option after Panama’s pensionado visa… and, again, in fact, one of the best residency options in the world.
Unlike other residency visa programs, Panama’s Specific Countries program is a one-application process that results in immediate permanent residency. Other options require several applications over several years and grant at first temporary, not permanent, residency.
How do you qualify? First, you show that you have at least US$5,000 on deposit in a local bank account. Second, you do one of these three things:
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