Panama's Teak Reforestation Visa Reinstituted
Date: 06/13/2006Dear Panama First Alert Reader:
The Director of Immigration for Panama has recently issued a resolution changing the requirements for the popular teak Forestry Investment Visa in Panama. There are now two ways to receive Panamanian residency and qualify for eventual Panamanian citizenship through teak forestry investment.
The Small Forestry Investor Visa: Minimum investment is $40,000.00. After initial application, the applicant gets a one-year residency card. If this card is renewed for the next three consecutive years, on the fifth year from initial application the applicant may apply for permanent residency and/or Panamanian citizenship.
The Large Forestry Investor Visa: Minimum investment is $80,000. After initial application, the applicant receives a one-year residency card. At the end of this year, the applicant may apply for permanent residency, and after five years from initial application, citizenship.
According to Robert Kroesen, President of United Nature, the benefits of forestry investment in Panama go beyond residency and citizenship. A forestry investment with United Nature, for example, entitles the applicant to:
- Clear title to over 1.3 hectares (3.2 acres) of property for the Small Forestry Investor Visa and 2.6 hectares (6.4 acres) for the Large Forestry Investor Visa in a four-year-old plantation.
- Already segregated lots with the certifications needed for visa application in order.
- Environmentally friendly project.
- No taxes in Panama on the profits generated by your plantation.
- Profits from teak timber sales.
The forestry visa has been an extremely popular way for expats to obtain their Panamanian residency and citizenship, and the expansion of the program means that more people than ever will be able to take advantage of all the benefits the forestry visa has to offer.
For more information on United Nature and Panamanian Forestry Investment Visas, contact Robert Kroesen at Robert@UnitedNature.com
Regards,
Brandon Clogston
International Living Panama
For answers to questions about Panama, e-mail us at Panama@InternationalLiving.com.
P.S. Those of you who attend our Live and Prosper in Panama Seminar July 20-22 will get a chance to hear Robert Kroesen speak in person about the Panama Forestry Investment Visas. Find out more about the Live and Prosper in Panama Seminar here.
Important Note: In the interest of full disclosure, we want you to know that International Living receives promotional considerations from United Nature.
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