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Get PR in Panama With Clear Path to Citizenship by Investing in Income-Generating Agricultural Property

Agrorismo – Sponsor


By now, you have likely seen that Panama has begun to offer a fast-track path to permanent residency (and eventually citizenship) through a $300,000 real estate investment. That minimum investment requirement, furthermore, will increase to $500,000 in October next year.

Investing in real estate through the Qualified Investor program, moreover, also enables you to get a tax residency in the country from Day 1.

Now is the time to make a smart investment in Panamanian real estate and get PR in just a matter of weeks. But even if your primary motive for investing in real estate is to obtain the PR and eventually citizenship, that doesn’t mean you shouldn’t also be evaluating the property’s ROI-potential in its own right.

Agrorismo: Income-generating agricultural property

At Agrorismo, we’ve designed the first eco-friendly residency-by-investment solution that contributes to developing a sustainable, equitable economy for local people and provides clients with a residency in the beautiful country of Panama; combining the purchase of residential real estate with a productive and income-generating agricultural asset.

Before discussing the specifics of the project, however, let’s consider the case for Panama as your jurisdiction of choice:

Panama is a transcontinental country in Central America and South America. The Panama Canal connects the Atlantic Ocean and the Caribbean Sea to the North of the Pacific Ocean. Because of its key geographic location, Panama’s economy thrives on a well-developed service sector, especially commerce, tourism, and trade. 

Panama boasts the largest shipping fleet in the world, making it a global trading hub with bustling ports full of various goods. Panama’s wildlife is the most diverse in Central America, housing a plethora of South and North American species among its natural wonders. 

The Panamanian currency is officially the Balboa, pegged at a rate of 1:1 with the United States Dollar since Panamanian independence in 1903. Because of its vital location, strong service sector, abundance of resources, and robust currency, Panama is one of the best investment destinations in the world.

Agrorismo: Eco Mountain Lots and Hydroponic Greenhouse Units

The modern investor looks to invest in a more sustainable future and Agrorismo provides a smart option that lets you meet that objective while making an income at the same time.

At Agrorismo, we believe that sustainable agriculture located outside of mega-cities, renewable energy, and resource optimization will be the foundation of a safe and responsible eco-community. That is why we offer unique real estate opportunities in the area of Volcán, Province of Chiriquí.

Our Eco Mountain Lots come in various sizes ranging between 2 and 2.5 acres (starting from 8,000 sqm) in this picturesque village located in the agricultural heartland of Panama. Situated in the midst of a world-class coffee region, this investment opportunity sets the path for sustainable, profitable, and aesthetically wonderful investments. 

This breathtaking place, in one of the most appreciative areas of Latin America with a supreme location between two oceans and a perfect climate, could become your optimal Plan-B or retirement destination.

Volcán is situated at 1,600m above sea level and houses an established and growing international community who enjoy spring temperatures all year round. The region has an extensively developed infrastructure, including the International Airport of David.

As the owner of an Eco Mountain Lot, you are also eligible to buy a productive Hydroponic Greenhouse unit, a completely turn-key, hands-off, income-generating real estate opportunity. Your greenhouse installation is completely and proficiently handled by Agrorismo. You can partner with an established local farm management company that handles the planting, operation, and distribution of your individual greenhouse, generating passive income along the way.

Organic, hydroponically grown strawberries produced at Agrorismo’s greenhouses are in high demand.

In this age of global uncertainty, Agrorismo offers investors a range of benefits for current and future generations:

  • Tangible and productive hard asset in the agricultural heartland of Panama
  • Ecologically sustainable investment in the future of farming
  • Turn-key greenhouses with pre-existing demand and operations
  • Predictable yields and distribution channels
  • An ideal destination for retirees

The allure of this real estate investment program is that you can get a permanent residency in Panama and an easy path to a second passport through an investment that actually pays off as a Hydroponic Greenhouse provides you with economic substance in the country. This investment is a tangible, hard asset that produces income for intergenerational wealth, and provides great diversification against other asset classes or within your investment portfolio through agricultural real estate.  

Agrorismo’s Eco Mountain lots and Hydroponic Greenhouses are smart investment options for a sustainable future. For more information, visit https://www.agrorismo.com/ and book a free consultation with one of our real estate consultants at info@agrorismo.com

Interested in contributing a sponsored feature? Email us on cn@imidaily.com and see all our promotional options here.

The post Get PR in Panama With Clear Path to Citizenship by Investing in Income-Generating Agricultural Property appeared first on Investment Migration Insider.

An Overview of Panama’s New Qualified Investor PR Program

 

On October 16, 2020, Decree 722 of October 15, 2020 was published, creating the category of Permanent Resident (PR) as a Qualified Investor (QI) in Panama. 

To be eligible, the applicant must make an investment (typically in real estate) for a minimum of US$300,000 from a foreign source. In October 2022, the investment amount will increase to US$500,000. To keep permanent residence, the applicant must maintain the investment for a minimum period of five years.

In order to offer a more simplified and agile service to the investor, the government has created a “fast-track” route; applications under this category may be submitted prior to entering Panama through a local lawyer, on the condition that prior to the issuance of the immigration card, the filiation process is completed. This request must be resolved in a period of no more than 30 business days. After this period, the applicant will only need to visit Panama for one week to obtain PR.

The chief advantage of the QI route to PR in Panama is that the investor doesn’t actually need to travel to Panama until the PR is ready. All other routes to PR require multiple visits to the country ahead of time, and also mandate longer waiting periods before qualifying for the PR; anywhere from six to 24 months, depending on which route the investor uses.

Once you obtain your residency, you only need to spend one day every two years in the country to maintain your permanent resident status. A simple transfer through the airport would also qualify as a day, for these purposes.

Tax residence from Day 1

Panama has a territorial tax system, where Panamanian tax residents and companies must pay tax on their Panamanian-sourced income only. Panama does not tax the worldwide income of its tax residents. Investors who obtain their PR in Panama through the new QI program, uniquely, are able to obtain a tax certificate from the country immediately upon approval of the PR application. That’s because applicants through this route will have a substantive presence in the country from Day 1; not only will they be PR holders, they will also have a certificate of property ownership, potentially a local company, a bank account, and other “genuine links”.

Subsequent to the approval of PR, Panama offers a very clear and predictable path to citizenship; After between one and five years of permanent residency (depending on your nationality), you can apply to get your Panamanian citizenship, which gives you visa-free or visa-on-arrival access to 142 countries and territories.

While nationals of most countries will need to wait five years to qualify for citizenship, citizens of the following countries can qualify on an expedited schedule:

  • Uruguay: 3 years.
  • Argentina, Ecuador, Spain, Honduras, Mexico, Nicaragua, and Peru: 2 years.
  • Colombia and El Salvador: 1 year.

More Policy Updates

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A US$300,000 investment leading to permanent residency in a matter of weeks, and citizenship in 1-5 years, depending on nationality.

The total investment amount for the Investor Visa will rise from AUD 1.5 to AUD 2.5 million on July 1st.

The White House plans to market the International Entrepreneur Rule, which allows foreign founders to work in the US for up to five years.

 

The post An Overview of Panama’s New Qualified Investor PR Program appeared first on Investment Migration Insider.