分类: permanent residence

Auto Added by WPeMatico

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

Post Grid lazy load

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.

Reform for Cyprus’ Permanent Residency Program: New Investment Options

 

The government of Cyprus this week published amendments to the country’s Permanent Residence Permit (CPRP), which is granted to non-EU nationals investing in the Republic of Cyprus. This is the first time the government has amended the program since February 2016, and the third revision overall.

The amended CPRP continues to apply to the main applicant, the spouse, the applicant’s unmarried and financially dependent children up to the age of 25 (provided they are engaged in bachelor’s or master’s degree studies), as well as to the applicant’s parents and parents-in-law.

No change to minimum amounts, but new investment options introduced

While the minimum investment amount of EUR 300,000 (plus VAT if applicable) remains unchanged, further investment options are now provided to applicants.

Besides the option to invest in new residential properties, investors now have the option to invest in commercial properties, including offices, shops, and hotels. The properties of this category could be either new or resale. Moreover, the applicant may choose to invest in the share capital of a Cyprus company having a physical presence and activities in Cyprus and employing at least five persons.

Lastly, applicants may choose to invest in compartments of Cypriots UCITS (AIF, AIFLNP, RAIF). The investment funds should have emanated from abroad, and the investment should be maintained or replaced by another investment of the same or greater value, in order to maintain the permit.

The applicant should prove a secure annual income (including salaries from employment, pensions, dividends, fixed deposits, rentals) of at least EUR 30,000, increased by EUR 5,000 for every dependent person (spouse and children) and by EUR 8.000 for every dependent parent or parent-in-law.

This income should derive from abroad in cases where the applicant invests in new residential units, while the income can be generated from sources within Cyprus in all other cases. Both the income of the applicant and the spouse can be taken into consideration.

The applicant and the spouse should provide a clean criminal record from the country of residence or from Cyprus in case they are residents of the Republic. The applicants should not be considered as a threat in any way to the public order or public security in Cyprus.

Pledging a deposit no longer required

It is no longer required to have a pledged deposit in a Cyprus bank account. Moreover, the applicants should confirm that they do not intend to undertake any sort of employment in Cyprus, besides holding the position of Director in the company in which they have chosen to invest as per the current policy.

Applicants, furthermore, can be shareholders in a company registered in Cyprus and receive the dividends of such company, or hold the position of Director in such company without receiving a salary.

In cases where the applicant has chosen to invest in any other category besides the category of new residential properties, the applicant should provide relevant documentation as to the place of residence in Cyprus (e.g. sales agreement, rental agreement, or title deed).

The investment should be concluded before the submission of the application. The relevant documentation as to the settlement of the funds must be provided upon the submission of the application. In the case of investment in residential properties, the applicant needs to show that the
minimum amount of EUR 200,000 (plus VAT if applicable) is paid to the developer, while in all other investment options the total minimum amount of EUR 300,000 (plus VAT if applicable) needs to be settled prior to the submission of the Residence Permit application.

The Cyprus Residence Permit (Fast Track) has always been a popular program. Over the years, it has been improved so as to include three generations of the family. Yesterday, we welcomed another remarkable improvement: Applicants now have more options in terms of their investment, enabling non-EU investors to explore more business opportunities and combine these with their immigration options.

More Policy Updates

Post Grid lazy load

Applicants to the Cyprus Permanent Residency program now have more investment options than ever, writes Eleni Drakou.

Aiming to prevent foreign developers from “recycling”, Turkish authorities say a single property may henceforth only be used once to qualify for citizenship.

“Consultants in India who are not licensed and who give legal advice regarding foreign immigration laws, are in violation of the Advocates Act of India.”

 

The post Reform for Cyprus’ Permanent Residency Program: New Investment Options appeared first on Investment Migration Insider.