Background
Mr Tse, from Shanghai, applied with his wife and one child. He wanted Panamanian residency and to understand the tax position.
Main concern
He had foreign income and wasn’t clear on the tax effect.
Our approach
We explained Panama taxes on a territorial basis, and suggested separate tax advice for his situation.
Process and outcome
He received permanent residency in about 3 months.
Adviser’s comment
Territorial taxation is one of Panama’s advantages, but assess it for your own situation.
Panama Permanent Residency application process
- Assessment and choice of investment (2–4 weeks): We compare the routes and prepare the source-of-funds documents.
- Investment (1–2 months): Buy the property or complete the securities or deposit investment.
- Application (30–90 working days by law): Coordinated by our team and, as Panama requires, filed through a local lawyer.
- Permanent residence (After approval): Visit Panama for biometrics and collect your residence card.
Is this right for you?
Every family’s background and timeline is different. To find out whether a similar plan could work for you, book a free consultation with Global Immigrate.
Based on a real client’s experience; names and some details have been changed for privacy.
Learn more: Panama Qualified Investor Permanent Residency