Panama Friendly Nations Visa: How To Get Your Panama Residency

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  • Опубликовано: 3 авг 2024
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    The Panama Friendly Nations Visa is a special immigration program that only citizens of selected countries can apply for. In addition, these citizens must have professional or economic ties with Panama to apply for permanent residency, and only then can they receive a Panamanian ID (Cedula). Once a citizen of one of the eligible countries receives their Panamanian residency, they will be able to request a work permit.
    In this video, Sadife, our strategy associate shares all the details about Panama Friendly Nation Visa.
    00:00 Start
    0:27 Panama Friendly Nations Visa Is Not for Everyone
    1:15 What is Panama's Friendly Nations Visa
    3:55 Requirements to Move to Panama
    Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best."
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    DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Комментарии • 40

  • @ElJefe1986
    @ElJefe1986 Год назад +13

    Panama is actually on my list for retirement. A place I've always kept my eyes on.

  • @TravisGarnett
    @TravisGarnett Год назад +1

    Thank-you, #NomadCapitalist, for this info. on Panama Residency‼👏

  • @Sirjohnny
    @Sirjohnny Год назад +10

    They also have a pensioner visa, and low requirements, and you can work there easily with one. Many benefits.

    • @richard1493
      @richard1493 Год назад +3

      The pensionado visa doesn’t appear to open a pathway for citizenship, unfortunately.

  • @CorneliaBlue
    @CorneliaBlue Год назад +5

    I thought the friendly nations visa program ended. Did it come back?

  • @Ahmet-lj2vl
    @Ahmet-lj2vl Год назад +11

    You guys made a video in 2021 stating that the friendly nations visa is cancelled. Your website still says that it is cancelled. Is it back or the script of this video outdated?

  • @paulhenry5174
    @paulhenry5174 Месяц назад

    Good info.

  • @2ndTim3_1-6
    @2ndTim3_1-6 Год назад +5

    Is it still $5k in a bank account ? reading a few websites it says $200 k now

    • @banana_1992
      @banana_1992 8 месяцев назад

      Did you ever find an answer? I’d look to know too

  • @flowbrandz316
    @flowbrandz316 Год назад +3

    Andrew should've been talking about this when it only cost about 10k out of pocket.

  • @gn2650
    @gn2650 Год назад +1

    What does it mean "run my business"? What if I hold no title on the organization and only dedicate to it let's say 10 hours a week?

  • @MountainofInspiration
    @MountainofInspiration Год назад +4

    Understood. It can’t be for everyone. Very informative. I’m enjoying your content

  • @alexinthemiddle4170
    @alexinthemiddle4170 Год назад +38

    1st comment: Panama be like: you from country we like? Have residency friend! You also want to become citizen? We are not that level of a friend to you!

    • @henryferguson48
      @henryferguson48 Год назад +8

      As a Panamá Lawyer, yes, that is a pretty spot in summary 😂

    • @AquariumRuss
      @AquariumRuss Год назад +4

      exam in the Panamanian language.
      how does the word "God" sound in Panamanian?
      Putin!
      how will the word "Devil" sound?
      Biden!
      Congratulations, comrade! you passed the exam. get your new passport.

    • @alexinthemiddle4170
      @alexinthemiddle4170 Год назад

      @@AquariumRuss ?????

    • @terrencedeagle4429
      @terrencedeagle4429 Год назад

      Beautiful

  • @joelmadrid2193
    @joelmadrid2193 Год назад

    "PANAMA RELOCATION TOURS!! W ITH JACKIE!!🙋 😊 👍❤️👈"

  • @gn2650
    @gn2650 Год назад +2

    Can you prove substance by buying 50% of an small local business?

  • @elhar5966
    @elhar5966 Год назад +3

    I need that broken down again 🤯

    • @guilhermesalesferreiradaco2934
      @guilhermesalesferreiradaco2934 Год назад +3

      Deposit 5k in a bank plus 2k per dependant plust establish econnic ties either by starting or buying a company or through employment to get a temporary residence which leads to permanent residence in 2 years. Panama is a territorial tax country meaning you're not taxed on foreign sourced income if u become a tax resident by spending enough time there

    • @guilhermesalesferreiradaco2934
      @guilhermesalesferreiradaco2934 Год назад +3

      oh and ofc that only works if you're a citizen of one of the friendly nations

  • @simonchristopherrule7313
    @simonchristopherrule7313 Год назад +1

    If only we could reduce tax without adding complexity...

  • @guilhermesalesferreiradaco2934
    @guilhermesalesferreiradaco2934 Год назад +3

    I was so certain it had been canceled

  • @duaneatnofroth
    @duaneatnofroth Год назад +3

    @Andrew Henderson, there's some confusion regarding the details of a Panamanian visa in this video. Would you comment or update the video please.

  • @Dave-qh4vw
    @Dave-qh4vw Год назад +7

    Unfortunately, Well I am normally a big fan of nomad capitalist, this content is not entirely accurate.
    If you decide to start your own corporation and come in as a foreign employee of that corporation, including bringing your family, you will be required to pay it yourself about $1000 per month USD, and pay taxes on that money.
    Coming in under your own corporation as a foreign worker is considered to be a glaring loophole in the current immigration laws, and the word is that the government is in the process of doing away with that, although that Hasn't happened yet.
    When it does, if it does, then there is no telling whether or not they will retroactively pull the residencies from the people who came in under that program.
    As for tax liability, Panama is a territorial tax system, meaning that only work done on Panamanian soil is taxed by Panama. Is your Internet based company operating on Panamanian soil, because you, the worker, are on Pennsylvania soil?
    That's a very good question, and also something that has been hotly debated in government circles recently.
    It is clearly more complicated than a 7 minute video can explain fully.

    • @svilenyabanozov1273
      @svilenyabanozov1273 Год назад +1

      Yep she skip all the bad parts you have to deal with !

    • @mattball7074
      @mattball7074 Год назад +1

      Agree but the wage paid is dependent on the work. I havent seen any field having a minimum wage even close to 1000 a month. Highest of 815 ive seen. Seems like I can get it to 345 for what im looking at. Panama has no CFC rules too but yea its a problem for a Panama company doing shit abroad from there... They may say its local

  • @somguy728
    @somguy728 Год назад

    Never seen a better clash between an accent and a script on that intro.

    • @CashCatz
      @CashCatz Год назад +2

      The Ugly American showed up. So how many languages do you speak?

  • @henrypersoon
    @henrypersoon Год назад +3

    Panama has a lot of benefits no taxes and prices for apartments are at a all time low, but I'm selling one of my Apartments in the Waldorf Astoria. Contact me, if anyone is interested.

    • @canlale5733
      @canlale5733 Год назад

      Why is it at an atl?

    • @RC94332
      @RC94332 Год назад

      I’m selling a one bedroom in San Francisco area with partial ocean view. Just comment on any of my videos and I’ll respond.

    • @canlale5733
      @canlale5733 Год назад +1

      @@RC94332 how much you aşk for?

    • @RC94332
      @RC94332 Год назад

      @@canlale5733 it’s listed at $146k but I’m willing to negotiate, especially if we go without paying a realtor commission.

    • @dougscott188
      @dougscott188 Год назад

      I got the friendly nations back in 2017. When I was there in October things seemed very slow. I have seen some of those at Waldorf but I don’t understand that arrangement. Hard Rock had some similar but it closed. How does that impact a property like this if the hotel closes?