Moderators Moderator_02 Posted October 17, 2020 Moderators Share Posted October 17, 2020 Quote Permananent residence program for investors. Posted 16/10/2020 A permanent residence program for "qualified investors" was announced by the Panama government on Friday, October 16 The plan is intended to stimulate economic reactivation, by attracting high net worth investors to boost different sectors of the economy such as real estate and construction. "The applicant must make an investment in the Republic of Panama for a minimum amount of 500.000 from a foreign source, which may be personally or through a legal entity, in which the applicant is always the final beneficiary of the shares of the legal entity that holds the investment ”, says an executive decree. Real estate investments can be for units already completed or also through investment through contracts of promise to purchase and sale of real estate units. , the applicant must prove that they have made some forms of investment. The modalities established in this decree include real estate investment through a promise of sale contract; Investments made through a brokerage house with a license approved by the Superintendency of the Securities Market of Panama and by reason of investment in a fixed-term deposit in the banking sector. All investments must be held for a minimum of five years. According to the Government, for the first time, there will be a program that allows qualified investors to apply from abroad. That is, the investment can be made from abroad, through a local lawyer, and the process completed when the investor is in the isthmus. https://www.newsroompanama.com/business/permananent-residence-program-for-investors Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted October 17, 2020 Author Moderators Share Posted October 17, 2020 Quote Gobierno anuncia la creación de un programa de residencia para inversionistas calificados Getzalette Reyes 16 oct 2020 - 11:05 AM El programa espera dinamizar distintos sectores de la economía como el sector inmobiliario y la construcción. Archivo El Gobierno dio a conocer, este viernes 16 de octubre de 2020, sobre el programa de residencia permanente por razones económicas para “inversionistas calificados”. A través de este plan se pretende estimular la reactivación económica, mediante la atracción de inversionistas de alto patrimonio para dinamizar distintos sectores de la economía como el sector inmobiliario y la construcción, se informó en un comunicado. “El solicitante deberá realizar en la República de Panamá una inversión por un monto mínimo de 500 mil dólares, proveniente de fuente extranjera, que podrá ser a título personal o a través de una persona jurídica, en la que el solicitante sea siempre el beneficiario final de las acciones de la persona jurídica que mantiene la inversión”, señala el artículo 2 del Decreto Ejecutivo No. 722 del 15 de octubre de 2020. Quote Las inversiones inmobiliarias pueden ser para unidades ya terminadas o también mediante la inversión mediante contratos de promesa se compraventa de unidades inmobiliarias. Para solicitar el permiso de residencia permanente, en calidad de inversionista calificado, el solicitante deberá acreditar haber efectuado algunas formas de inversión. Las modalidades establecidas en este decreto incluyen: inversión inmobiliaria; inversión inmobiliaria mediante un contrato promesa de compraventa; inversiones realizadas por medio de una casa de valores con licencia aprobada por la Superintendencia del Mercado de Valores de Panamá y por razón de inversión en depósito a plazo fijo en el sector bancario. Todas las inversiones deben mantenerse por cinco años, como mínimo. Según el Gobierno, por primera vez, se contará con un programa que permite al inversionista calificado aplicar desde el exterior. Es decir, que puede realizar la inversión desde el extranjero, mediante un abogado local, y culminar el trámite cuando se encuentre en el istmo. Una vez en el país, deberá continuar el trámite en la ventanilla única de inversiones del Ministerio de Comercio e Industrias, en la que también participa el Servicio Nacional de Migración, para velar y asegurar los controles adecuados de cada inversión en el cumplimiento de las normas migratorias y de seguridad panameñas. El Decreto N° 722 fue promulgado en la Gaceta Oficial de este viernes 16 de octubre y lleva las firmas del presidente de la República, Laurentino Cortizo, y del ministro de Seguridad Pública, Juan Pino. Decreto Ejecutivo No. 722.pdf Moderator comment: Below is an unedited automated translation of the above news article, not including the Executive Decree No. 722 dated October 15, 2020. To see the Executive Decree (in Spanish) either download the PDF file using the above link, or scroll to the bottom of this posting. Quote Government announces the creation of a residency program for qualified investors Getzalette Reyes Oct 16, 2020 - 11:05 AM <<ORH4KFZDXBFCZESXSEDSVFOIJU.jpg>> The program hopes to boost different sectors of the economy such as real estate and construction. Archive The Government announced, this Friday, October 16, 2020, about the permanent residence program for economic reasons for "qualified investors." Through this plan it is intended to stimulate economic reactivation, by attracting high net worth investors to boost different sectors of the economy such as real estate and construction, it was reported in a statement. "The applicant must make an investment in the Republic of Panama for a minimum amount of 500 thousand dollars, from a foreign source, which may be personally or through a legal entity, in which the applicant is always the final beneficiary of the shares of the legal entity that holds the investment ”, states Article 2 of Executive Decree No. 722 of October 15, 2020. Quote Real estate investments can be for units already completed or also through investment through contracts of promise to purchase and sale of real estate units. To apply for a permanent residence permit, as a qualified investor, the applicant must prove that they have made some forms of investment. The modalities established in this decree include: real estate investment; real estate investment through a promise of sale contract; Investments made through a brokerage house with a license approved by the Superintendency of the Securities Market of Panama and by reason of investment in a fixed-term deposit in the banking sector. All investments must be held for a minimum of five years. According to the Government, for the first time, there will be a program that allows qualified investors to apply from abroad. That is, you can make the investment from abroad, through a local lawyer, and complete the process when you are in the isthmus. Once in the country, you must continue the process at the single investment window of the Ministry of Commerce and Industries, in which the National Migration Service also participates, to ensure and ensure adequate controls of each investment in compliance with the regulations Panamanian immigration and security. Decree No. 722 was promulgated in the Official Gazette on Friday, October 16, and bears the signatures of the President of the Republic, Laurentino Cortizo, and the Minister of Public Security, Juan Pino. https://www.prensa.com/economia/gobierno-anuncia-la-creacion-de-un-programa-de-residencia-para-inversionistas-calificados/ Quote Quote Link to comment Share on other sites More sharing options...
Moderators Moderator_02 Posted October 21, 2020 Author Moderators Share Posted October 21, 2020 Quote Real Estate: Incentives for Foreigners Foreigners who invest a minimum of $300,000 in real estate in Panama may apply for the Permanent Residence Program for Economic Reasons for Qualified Investors. Monday, October 19, 2020 In order to stimulate economic reactivation by attracting high net worth investors to boost different sectors of the economy such as real estate and construction, the government created a new program. See "Central America: Is the Real Estate Market Moving?" According to Executive Decree No. 722 of October 15, 2020, to apply for this program, foreign investors must invest in real estate for a minimum of $300,000 during the first 24 months of the decree's effective date. After this time, the amount increases to $500,000. You may be interested in "Real Estate Supply: How do Prices Behave?" The real estate investments can be for units already finished or also through the investment by means of contracts of promise to buy and sell real estate units, through the incorporation of a trust that guarantees the purchase of the real estate, explains an official statement. The document issued by the Ministry of the Presidency explains that "... other investment modalities established in this decree of the Ministry of Security, include the purchase of securities in the Panama Stock Exchange for a minimum amount of $500,000 and the establishment of fixed banking terms for a minimum of $750,000. These securities must have a direct impact on the national territory. All investments must be maintained for a minimum of 5 years and for the investor to obtain immediate permanent residence after the process is completed, which is estimated to take 30 days". https://www.centralamericadata.com/en/article/main/Real_Estate_Incentives_for_Foreigners Quote Link to comment Share on other sites More sharing options...
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