Panama Second Passport
One of the methods of obtaining a Panama second passport is to engage in their investment immigration program. There are certain requirements to fulfill in order to acquire the second passport which include purchasing property of a certain amount.
For more information on how DeltaQuest can assist you in obtaining a Panama second passport through investment immigration, please Contact Us.
Obtain a Panama Second Passport
There are various options available in order to acquire a Panama second passport, of which the most popular include investing in property. The investment must be of a minimum of US$300, 000 and there is no mortgage provided where the property is valued at $300,000 or below. Where the property investment is over $300,000 a mortgage can be sought.
In the case that the property is below US$300, 000, the balance can be completed by opening a fixed account for a minimum of 3 years in a Panama banking institution. In addition, the property purchased must be under your personal name or can be held under an asset protection structure such as a foundation or trust.
Another method of obtaining a Panama second passport is by opening a Panama fixed deposit account with a minimum of US$300, 000 for at least 3 years. In the case that you have retired, a minimum life time pension of US$1000 per month is required.
There are more options such as investing in reforestation or commercial activity, however the above mentioned are the most popular. A Panama passport holder enjoys various benefits including travel without a visa to 34 different countries across the globe and living in a country with high standards of living.
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