Panama Qualified Investor Permanent Residency (QIPR) Programme
The Panama Qualified Investor Permanent Residency Programme (often called the Panama Golden Visa) grants foreign nationals direct permanent residency status in as little as 30 business days without any temporary residence stage.
Created by Executive Decree No. 722 of October 2020, the Qualified Investor Programme grants immediate permanent residency to foreign nationals who make a qualifying investment in the country.
The Benefits
Successful applicants receive Panamanian permanent residence and the following benefits:
- Fast Track Permanent Residency Status – applications processed within 30 to 60 days of submission.
- Option to include Qualifying Dependants –Spouse and unmarried children under the age of 25, still in education.
- Multiple Investment Options – to suit all investor profiles.
- Minimal Stay Requirements – visit Panama at least once every 24 months
- Strategic location for business – Panama offers good access to North, Central and South America.
- Significant personal and corporate tax benefits – A territorial tax system such that foreign-source income, is not subject to tax in Panama.
- Pathway to Citizenship – Qualify for citizenship after five years of legal residency.
Qualifying Investments Options
The Panama Qualified Investor Permanent Residency Programme offers three qualifying investment options:
- Investment of USD300,000 in qualifying local real estate.
- Investment of USD500,000 in securities listed on the Panama Stock Exchange BVPSI Index.
- Deposit of USD750,000 with a local licensed banking institution.
To retain permanent residency status, investments must be maintained for at least five years.
Please contact PCS to identify and receive further information regarding qualifying investments that match your personal requirements.
Territorial Tax System
Panama applies a territorial tax system, meaning individuals and corporations are not liable to taxation on foreign assets or foreign-source income. Key aspects of Panamanian taxation include:
- Zero Tax on Foreign Income – income generated, and assets held outside of Panama are not subject to tax in Panama.
- Foreign Capital Gains – capital gains from the sale of foreign assets are generally not subject to tax in Panama.
- Foreign-Sourced Dividends – dividends distributed from foreign-source profits are subject to a lower rate of 5%.
- No Wealth or Inheritance Tax – Panama does not levy global wealth, inheritance, gift, or estate taxes.
- Local Bank Interest – interest earned on savings accounts or time deposits held in Panamanian banks is exempt from income tax.
All Inclusive Quotation
The total costs associated with applying for the Malta Residence and Visa Programme are dependent on several factors including the type of residence selected, and the number of family members included within the application.
Please contact PCS to discuss and receive an all-inclusive quotation.
