The varied allure of Panama attracts individuals from Canada. The breathtaking natural scenery, vibrant cultural experiences, and excellent standard of living are merely a few of the factors that seize international interest.
Panama provides a range of permits based on your motivations for relocating. Although obtaining residency is relatively straightforward, selecting the right permit is crucial. Consulting with knowledgeable attorneys is advisable to guarantee that you fulfill all necessary criteria accurately.
Categories of Permits Available in Panama
Among the diverse categories of residency permits offered in Panama, you will discover:
- Investor permit: designed for those who possess real estate in Panama, this permit enables you to gain residency for employment, property investment, or by maintaining a Fixed-Term Deposit in the country.
- Friendly nations permit: nationals from select countries can more easily attain residency in Panama through this option.
- Retiree permit: Panama is a popular retirement destination for many. This permit is available for individuals receiving a monthly pension or income of $1,000 or greater.
- Professional permit: This permit is tailored for foreigners seeking employment in Panama, addressing the shortage of skilled professionals. Make sure your occupation is not limited or reserved for Panamanians before submitting your application.
- Family reunification permit: available for foreigners who are married to a Panamanian or have Panamanian children or dependents, this permit requires you to demonstrate you possess adequate financial means to support them.
- Multinational company headquarters permit: granted to executives working at a certified Multinational Company Headquarters, this permit offers tax advantages to its holders.
- Student permit: this permit enables individuals to pursue their education in Panama. Holders can enroll in both public and private institutions recognized by the Ministry of Education.
- Technical 15% permit: designed for professionals or technicians wishing to work for a company in Panama, this permit requires that the company has a role available within the 15% foreign employee quota. The minimum monthly salary must be at least B/.850.
- Foreign 10% permit: intended for firms with a position available for a foreign worker within the 10% quota. The compensation for this role must also be a minimum of $850 per month.
Legal Solutions Panama: seek help from lawyers to obtain your residency permit
Each of these permits comes with its own set of requirements that applicants need to fulfill. Considering that Panamanian legislation is subject to change, it is essential to seek advice from knowledgeable attorneys who focus on immigration matters. This expert guidance can assist you in navigating the intricacies and obtaining the correct permit.
In this regard, Legal Solutions Panama is a law firm featuring leading experts ready to assist you in obtaining your residency permit if you hail from Canada. Their considerable expertise in aiding foreigners underscores the high standard of their services. You can check out their website to arrange a consultation with one of their specialists and discuss any inquiries you may have. It’s the perfect time to make your move to Panama.
