In the choice of immigration, traditional large immigration countries are often the first choice for people, but due to problems such as high immigration thresholds and long application cycles, some people have begun to turn to apply for passports from small countries. Although these small countries are not as economically developed as the larger ones, they still attract many high-net-worth individuals to apply. In recent years, Panamanian passports have gradually become a new hotspot for immigrants.
There are two ways to apply for a Panamanian passport, namely the permanent residence passport program and the accelerated naturalization passport program. The permanent residence passport program requires applicants to obtain a Panamanian permanent residence green card and travel passport through the purchase of welfare housing, ** deposit, etc., and then log in every 2 years, and can apply for formal naturalization after 5 years. The Accelerated Naturalization Passport Program is an upgrade on the basis of the Permanent Residence Passport Program, and applicants can pay a certain fee in the form of financing to obtain a full-fledged naturalization passport with a validity period of 5 years.
What both programs have in common is that they are visa-free to about 150 countries around the world, but the first program only has permanent residency and some benefits, and the second program is exactly the same as the benefits of local citizens. In addition, the Panamanian passport has some unique advantages, such as the ability to apply for a Spanish passport after living legally in Spain for two years, and the E2 visa to the United States, which is convenient for springing to the United States.
There are certain characteristics of people who want to apply for a Panamanian passport. First of all, they want to get status immigration quickly, and the immigration process in large countries is complex and the threshold is high. The requirements for Panamanian immigration are simple, there are no language and residency requirements, you only need to meet the age and no criminal record to apply, and the application time is relatively fast. Second, they don't want to move to Panama because Panama has no immigration superintendent and can continue to live and work in the country without having to give up their existing life circle. Furthermore, they want to achieve curve immigration through a Panamanian passport, for example, if they live in Spain for 2 years, they can apply for a Spanish passport and do not need to cancel their Panamanian passport. In addition, Panama is an E2 entente country and can apply for a U.S. E2 visa to facilitate moving to the United States. Finally, some people choose to apply for a Panamanian passport for the sake of their children's educational needs. Panama allows the applicant's children to obtain Panamanian status at the same time as the applicant, so that the children can study in prestigious domestic universities as overseas Chinese students or international students.
The application requirements for the Panamanian passport program mainly include those who are over 18 years old, have no criminal record, and meet the investment requirements. The investment conditions of the Permanent Residence Passport Program include direct purchase of real estate through investment, investment in real estate through a contract of purchase and purchase commitment, investment through a licensed company approved by the Market Supervision of Panama**, and investment in the form of fixed deposits in the banking sector. The Accelerated Citizenship Passport Program, on the other hand, requires applicants to pay a fee in the form of financing to obtain a Panamanian passport.
The application for a Panamanian passport has a certain impact on society. On the one hand, the Panamanian passport program has attracted the attention of many high-net-worth individuals who want to get a better living environment and investment opportunities through immigration. The introduction of these immigration funds has a certain role in promoting the local economic development. On the other hand, some people's interest in small country passport programs is also gradually increasing, which may lead to more people's attention and choice of small country immigration programs.
To date, the Panamanian passport program is still evolving, and the specific application requirements and procedures are subject to change. Therefore, the latest policy information should prevail when processing. Although the advantages and attractiveness of a Panamanian passport have been widely discussed and focused, for those applying for a Panamanian passport, they still need to consider their own circumstances and needs, and weigh the pros and cons before making a decision. Will there be more room for development in the Panamanian passport program in the future? Are there any other things I need to know about my Panamanian passport application? These questions remain to be addressed.