Recently, Mr. Richard Thomas, former Director of the Investment Services Division of the Panama Ministry of Commerce and Industries and reviser of the Panama Immigration Act, visited the Worldway Group. He was warmly received by Dr. Winner Xing, Chairman of the Worldway Group, and other senior executives. Both parties engaged in an in-depth exchange regarding the core advantages of Panama's immigration policy and its investment environment.
Mr. Richard Thomas, former Director of the Investment Services Division of the Panama Ministry of Commerce and Industries and reviser of the Panama Immigration Act (left), with Dr. Winner Xing, Chairman of the Worldway Group (right)
As the reviser of Panama's current Qualified Investor Act, Mr. Richard provided a precise interpretation of the Panama immigration program during this visit:
Approval efficiency written into the Act:
According to Panama's "Law 722," the official commitment is an approval cycle of no more than 30 working days to obtain Permanent Residency (PR) directly. This is one of the few immigration programs that writes the PR processing cycle into the law.
Stable status with family accompaniment
A single applicant can bring their spouse, children under 25, and the main applicant's parents to obtain permanent residency together. The permanent residency card has no expiration date and does not require renewal, saving time and effort.
Relaxed application requirements
Panama immigration application requirements are simple, with no language, education, or residency requirements.
Flexible residency requirements
Only one entry every two years is required, with no minimum stay duration, perfectly matching international mobility needs.
Flexible and free asset allocation
The purchased property can be sold freely after being held for five years without affecting the immigration status, providing investors with flexible asset allocation options.
Naturalization process may accelerate
Currently, those who have held Panama permanent residency for 5 years can apply for naturalization if they meet the conditions, allowing the whole family to enjoy the benefits. Mr. Richard Thomas revealed that they are actively promoting the optimization of the Act, suggesting that the years required to transition from permanent residency to citizenship be shortened from the current 5 years to 2-3 years, with the path to naturalization expected to become more convenient in the future.
With the above unique advantages, the Panama immigration program is attracting global investors with strong appeal, standing out in the immigration market and becoming a highly favored and valuable immigration channel in the minds of many investors.
Mr. Richard Thomas also praised Panama's unique investment and business foundation from the perspective of the former Director of the Investment Services Division of the Panama Ministry of Commerce and Industries:
• Core hub of the Americas: Boasting the Panama Canal, a WorldWay artery, and the Colon Free Trade Zone, the world's second-largest re-export port, it has established its irreplaceable status as a logistics center.
• Massive market access: It has signed 23 free trade agreements with more than 60 countries worldwide. Goods can directly reach a massive consumer market covering 1.3 billion people with a per capita purchasing power of over $29,000, offering unlimited business potential.
• Tax-friendly: No global taxation, tax exemption for overseas company income, and local tax incentives for permanent residents, making it easy to achieve global asset allocation.
This visit not only brought first-hand updates on Panama's immigration policy to investors but also clearly outlined a path for efficient, stable, and flexible status acquisition and asset planning. Currently, Panama is attracting global investors to share in its hub dividends and growth opportunities with a more open attitude. Investors only need to purchase property in Panama worth $300,000 or more to easily realize the dream of having three generations of their family apply for Panama permanent residency. Worldway suggests that interested families should plan early.
Worldway has been deeply involved in the investment immigration field for over 20 years. Adhering to the philosophy of "Integrity-based, Customer-first," we carefully select projects and provide professional services to our clients. We have successfully helped tens of thousands of families realize their immigration dreams, winning widespread praise and trust from clients, with successful cases all over the world. Worldway has joined forces with Panama's brand developers to grandly select high-quality property projects in Panama City for investors, helping them achieve a win-win situation for overseas status planning and overseas asset allocation.
Currently, it is the 9th US Immigration Month. Apply for Panama immigration in June to enjoy significant discounts. For details about the offers, please call for inquiries: Mainland China: 400-138-2929, Hong Kong, China Customer Service Center: (852)2802 8798
