The authorities of Panama in October 2020 established a program to issue investors a “Golden Visa”, Panama Qualified Investor Visa. According to the plan, from October 15, 2022, the minimum investment rate (option with the purchase of real estate) was to rise from US $300,000 to $500,000. But at the last moment, the President of the Republic of Panama announced that the amount would not be raised for another two years, that is, until October 15, 2024. There are other investment options like a deposit in an approved Panama bank (US $750,000) and Panama securities (US $500,000), but they are less popular than real estate option.
So, the purchase of real estate in the amount of $300,000 gives you the opportunity to get a permanent resident of Panama (Panama Qualified Investor Visa), and also, subject to certain conditions, after 5 years to apply for citizenship of Panama.
Nevertheless, almost none of the investors will reach citizenship, since it will be necessary to physically spend most of the time in Panama for 5 years, as well as renounce all other citizenship when undergoing naturalization.
The program may be of interest to those who want to do business in Panama, work there as an employee. You can apply for a Panama Qualified Investor Visa under this program for spouses and financially dependent children under 25 years of age. permanent residents can also benefit from Panama’s modern and affordable health care system.
Coincidentally, Migración Panamá’s monthly statistical report for September includes, for the first time, discrete figures for the Qualified Investor program: So far in 2022, 93 investors have applied under the QIV, all but one of whom received approvals.
At the same time, a Cyprus Fast Track Permanent Residence Permit can be obtained for the purchase of real estate in the amount of 300,000 euros + VAT. The holders of the residence permit (Cyprus “Golden Visa”) are not required to reside in Cyprus; one visits every two years is sufficient. With the permanent residency status, the holders can live freely in Cyprus or continue to live in their home countries and use the permit whenever they need to travel to Cyprus.
Apex Capital Partners has its own office in Cyprus and all competencies for the provision of services of a full package of services, both for the acquisition of real estate and for the preparation and application for permanent residence in Cyprus (Cyprus “Golden Visa”).
While Cyprus Golden Visa program still works keeping conditions as they are, Greece says that maybe they will double investment rate for real estate option next year (from € 250,000 to €500,000).
Montenegrin CIP continues its work until the end of 2022 and offers opportunity to become European citizen via minimum investment of € 250,000 in one of the authorized projects in the Northern area plus non-returnable investment of € 200,000 in government funds. So, investing now €450,000 in total you will get citizenship of Montenegro for life. Apex Capital Partners is government mandated agent of Montenegrin CIP, ask your question about program of request calculation — atannous@apexcap.org
