Panama becomes a new hotspot for immigration, the best choice for achieving identity transformation between the United States and Europe
Panama has become the most popular destination for immigrants due to its unique advantages and friendly immigration policies.
At present, it is possible to obtain Panamanian status through home purchase immigration, and use this status to enjoy Panama's geographical and economic advantages, as well as explore further international opportunities through this status, such as applying for a US E-2 visa and immigrating to Europe.
Panama's Home Purchase Immigration Policy
Panama's home purchase immigration policy has attracted many foreign investors who hope to obtain permanent residency. The requirements and general process are as follows:
The general process of purchasing a house for immigration is as follows:
Pre consultation: Choose a property that meets the criteria.
Funds transfer and contract signing: Open an account at a bank in Panama, transfer the purchase funds, and sign the purchase contract.
Submit application: Prepare and submit necessary materials, including a copy of passport, no criminal record, purchase contract, proof of financial legitimacy, etc.
Application review: Waiting for the immigration office's review, usually takes 3-6 months.
Obtaining a permanent residence card: After the application is approved, the permanent residence card will be obtained.
Home Purchase Immigration Process: The First Step to Obtaining Panamanian Status
Through Panama's home purchase immigration program, you can apply for permanent residency after completing real estate investment and enjoy the convenience of long-term residence and business activities in Panama. The entire process is relatively simple and transparent, making it a popular choice for attracting global investors. www.cnimmigrantexpo.com​
Tax planning after identity acquisition: How to optimize your global assets
After successfully obtaining Panamanian citizenship, the next important step you face is how to maximize your investment return and global asset management through tax planning.
Panama is known for its favorable tax policies, providing numerous tax exemptions and preferential policies for citizens and legal residents. This means that people holding Panamanian status can not only enjoy an improvement in their quality of life, but also reduce their tax burden through reasonable tax planning and optimize global asset allocation.
Tax and planning advantages:
Tax principle: Panama adopts a territorial tax system, where only income generated within the country is subject to taxation and global income is exempt from taxation;
Corporate income tax: 25% (applicable to domestic income);
Capital gains tax: The capital gains tax on property sales is 10%;
Property tax: Property below $120000 is exempt from taxes, and any excess is subject to different tax rates;
After holding Panamanian citizenship, in addition to gaining advantages in tax planning, residents and citizens with Panamanian citizenship will also enjoy various benefits, especially in education, healthcare, and elderly care, which are attractive.
In terms of education, including free public education and low tuition higher education; In terms of healthcare, public healthcare provides basic guarantees, while private healthcare offers higher-level services at relatively lower costs.
International travel through Panama identity
Through Panamanian citizenship, international travel can be facilitated, including applying for an E-2 visa in the United States and obtaining citizenship after two years of legal residency in Spain. The following is a detailed explanation of these two rights.
01 Applying for a US E-2 visa through Panamanian status
The E-2 visa is a non immigrant visa that allows visa holders to invest, reside, and operate businesses in the United States. Panama has a bilateral investment treaty with the United States, which makes Panamanian citizens eligible to apply for an E-2 visa.
Advantages of E-2 visa
Flexibility: E-2 visa holders can reside and manage their business in the United States, and can bring their spouse and minor children (under 21 years old) to the United States. Spouses are eligible to apply for work permits, and children can attend schools in the United States.
Renewal: The visa is usually valid for two years, but can be renewed indefinitely as long as the business continues to operate normally.
02 Residence and naturalization in Spain through Panamanian citizenship
There are special historical and cultural ties between Panama and Spain, which grant Panamanian citizens the right to quickly apply for citizenship in Spain. www.cnimmigrantexpo.com
According to Spanish law, foreigners usually need to live in Spain legally for ten years before they can apply for nationality, but Panamanian citizens only need to live for two years.
Conditions and procedures for applying for residency and citizenship in Spain
Legal residence:
--Panamanian citizens need to obtain a legal residence permit, usually by applying for a long-term residency visa in Spain.
--You must reside continuously in Spain for two years, during which you must maintain a valid residence permit and have no record of leaving Spain for a long period of time (usually requiring no more than three months of departure per year).
Language and cultural adaptation: After two years of residence, you will need to pass the Spanish language exam (DELE A2 level) and cultural knowledge exam (CCSE) to demonstrate your adaptation and understanding of Spanish society.
No criminal record: Providing a certificate of no criminal record is necessary, including a criminal record in Panama and Spain.
Economic capability: You need to provide proof of economic capability, indicating that you have sufficient financial support to live in Spain without relying on government welfare.
Less obstacles to naturalization
In terms of residency requirements in Spain, people holding Latin American country (such as Panama) status can enjoy a shorter waiting time for naturalization. Normally, applicants from most countries need to legally reside in Spain for ten years in order to apply for citizenship. www.cnimmigrantexpo.com​
However, individuals holding citizenship in Latin American countries such as Panama only need to reside legally for two years to apply for citizenship. This shortened waiting time makes the process of obtaining Spanish citizenship faster and more direct.
Visa free travel convenience
Holding Panamanian citizenship can provide convenience in international travel. Panama passport allows visa free entry into multiple countries, including Spain and other European countries. This can be used for short-term inspections, understanding the local environment, and arranging living needs before applying for long-term residency.
Through Panamanian citizenship, you can utilize bilateral agreements and legal facilities to obtain an E-2 visa for the United States or reside in Spain and apply for citizenship. www.cnimmigrantexpo.com​
The E-2 visa allows you to operate and reside in the United States, while Panamanian citizens can become EU citizens and enjoy numerous benefits brought by the EU by applying for citizenship after residing in Spain for two years.
This international convenience makes Panama's identity highly attractive, especially for investors and families who wish to live and work in different countries. www.cnimmigrantexpo.com​