Reaching figures nearly double the last all-time high, Panama shattered all previous investor visa approval volume records in 2024.
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“Significant impact” convinces Panama to abandon its planned investment visa price hike, maintaining the $300,000 threshold indefinitely.
Demand for real estate investment visas in Panama remains buoyant and is on track to break records in 2024.
“Despite the small number, their contributions will have a huge impact on our society and the future of our country,” said President Bukele.
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Appetite for Panama’s investor visas is dwindling. People of independent means, however, are relocating to the country in record numbers.
Panama has approved 388 investor visas so far in 2023. In the last six years, investors account for 16% of all residence permits issued.
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“Most of our clients now pick either the Qualified Investor or Friendly Nations visas,” says Savannah Bruce.
Immediate PR, citizenship in 3 years, free movement in most of South America, and birthright citizenship make for an interesting proposition.
So far in 2022, Panama has approved 1,229 such visas for main applicants, nearly as many as in the three preceding years combined.
Panama will keep its Qualified Investor Visa minimum investment requirement for real estate at US$300,000 for another two years.