Immigration to Panama through Investment
Panama is very attractive place to establish residence. The material below is devoted to residency for investment in reforestation programs of Panama. The reforestation residence is one of the cheapest options for permanent residence in the Republic of Panama. As many of the permanent residence program this one is divided in two steps. First they grant a temporary residence for 2 years and further the applicant must file a permanent residence application.
Elma Global works with a company that already sells the reforestation package (land, title, reforestation resolution authorizing the reforestation activity, etc.). For the price of USD 82,000 they sell you shares for a corporation that owns 5 hectares, however your shares will only own 2.5 hectares because the immigration law allows that in every 5 hectares 2 application can be filed. Legal fees are the following. We charge USD 7,000 for a single applicant + USD 1,200 for each dependant. Additional expenses are USD 1,500 per person.
It should be noted that reforestation is a long term investment. It is used primarily for immigration purposes, being not very profitable investment if we regard it as an investment only. Reforestation packages are normally purchased for the purposes of complying with an immigration program that grants permanent residence. We believe that the returns on this investments starts after the first 12 to 15 years.
If you have any question regarding above-mentioned material or wish to use our legal assistance in obtaining permanent residency or second citizenship, contact us today