Live on Yacht Tax Free
This is a new construct but one that is gaining in popularity. This is for the nautically inclined only with boating skills that are developed. Basically you live your present country and become a citizen of the world traveling perpetually on your yacht. While all this sounds great you still need to have papers and documents of registration and passports to avoid unceasing hassles with authorities wherever you go. So what crapper be done is as follows:
You form an anonymous Panama SA company (bearer shares). This company then buys a yacht for at least $150,000. Now you need to hire threesome Panamanians for at least $253.00 a month each. So you have deckhands, crew, cook etc. This would let you get residency in Panama quickly and after threesome years you could administer for citizenship and get a Panama passport. You could also do a version of this using the small investor visa to do it with a $40,000 investment and threesome employees on your fishing or touring boat. You crapper get a Panama cell phone, mail box, bank account, visa debit card, atm card and you crapper travel the world. For most this isn't feasible but it is fun to dream anyway.
Investor Visa (Inversionista)
Designed for those who wish to establish a business in Panama (note, though, that some retail businesses and some professions are reserved to Panamanians). There must be a minimum investment of $150,000 and minimum of three, imperishable Panamanian employees hired. It is granted provisionally for one assemblage and after renewal is granted permanently with the right to be issued a cedula identity card. Five years after obtaining the imperishable visa, holders module be suitable to administer for Panamanian nationality.
Small Business Investor Visa
(Inversionista de Pequeña Empresa)
Designed for those who wish to establish a small business in Panama (note that retail businesses and some professions are reserved to Panamanians). There must be a minimum investment of $40,000 and minimum of threesome imperishable Panamanian employees hired. It is granted provisionally for one year, and needs to be renewed threesome more times before it is granted permanently with the right to a cedula. Five years after obtaining the imperishable visa, holders module be suitable to obtain Panamanian nationality.