Everything You Need To Know About Panama Qualified Investor Immigration Program

• Published date: 23 November 2021
• Law Firm: Harvey Law Group
• Author: Polly Ho

Panama has already been attracting retirees and businessmen for many years, due to its advantageous tax system. Notably, the absence of taxes on wealth, succession, gifts, and foreign sourced incomes.

Since the launch of the Panama Qualified Investor Immigration Program ("QIIP") in October 15, 2020, we have seen new investors now looking to take advantage of the perks that Panama offers, by securing permanent residency in Panama via a qualified investment in the country.

What is unique about the QIIP?

Unlike most immigration programs in Panama or permanent residency opportunities worldwide, investors can apply and complete the entire QIIP application remotely, from anywhere in the world and with just one short visit to Panama at the end process to activate the permanent residency.

There is no minimum physical residency requirement to maintain permanent residency - other than having to set foot in Panama at least once every 2 years.

Applications are processed on an expedited basis. In most cases, applicants will receive their permanent residency within 30 days...