fo

LIVING IN
REPUBLICA DE PANAMA

Panama is such an amazing country

and surprises everyone who visits.
If you are planning on coming to
Panama be prepared to be
overwhelmed.
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la información

Panama has a great variety of world-class

Are you looking for a visa
attractions all in close proximity.
for Panama or to work in

Panamá?

VGSC INVESTMENT &

LEGAL SERVICES is a

company with high

success rate in migration

services, specializing in

helping people with their

complete migration to

Panamá.
Exotic tropical rainforests, beautiful mountain Panama is close.
All of our migration agents refuges, Caribbean-style beaches, seven living As part of Central America, Panama is just a
are highly skilled, Indian cultures, a Miami-style capital city, short plane ride away. Eight major US cities
historical sites, golf, diving, rafting, sport fishing, offer direct daily flights to Panama City: Los
qualified and experienced.
not to mention that 8th wonder of the world and Angeles, New York, Newark, Miami, Houston,
engineering marvel- The Panama Canal. And it's all Dallas, Atlanta and Orlando.
We provide a host of in a country just 50 miles wide, the size of South
Carolina. Panama is tourist friendly.
secondary services aimed
English is spoken as a second language. The
at assisting our clients to Panama is safe. Panamanian people are amongst the
relocate to Panamá. Panama has the highest rating for tourist safety friendliest in the world. They are known for
These include help with
from the Pinkerton Intelligence Agency. In a their peaceful, get-along and fun loving
Newsweek magazine article on tourism safely nature. As a result of the 90 year presence of
finding house in Panamá, worldwide, Panama received same tourism safety Americans in the Canal Zone, Panamanians
renting and buying a rating as the USA. Foreign residents in Panama will understand and appreciate Americans-
house in Panama and a
tell you how safe they feel living in Panama thousands have worked with Americans as
compared to any other country in Central America. well as studied in the United States.
range of financial services

to help maximize your Panama has the US dollar as its currency.

assets and investments. Panama's currency is the US dollar. That's
right! What a great convenience. In Panama,
If you're looking for a
there's no need for currency exchange. No
Panamanian Visa, our need to be a mathematical genius to figure
migration agents can offer Panama has a First World infrastructure. out what that meal just cost or how much to
tip the bellboy. Your bank accounts and
you a first class
Panama has a first-world infrastructure starting investments are also all of course in US
professional service dollars.
with a safe cosmopolitan Miami- style capital city
during your migration to with high speed internet, first rate hotels, fine
Panamá. dining and beautiful shopping malls. The highway
infrastructure, medical care, telecommunications
and business services are excellent-comparable to
the USA as noted in the ARRP's Modern Maturity
magazine. Panama also has the second largest
Free Trade Zone in the world and a banking sector
with 100 banks.
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Panama has world-class medical care

and a healthy environment.
VGSC INVESTMENT &
LEGAL SERVICES

We VGSC INVESTMENT &

LEGAL SERVICES, are

specialists in Asset

Protection, Commercial

Laws, Corporations,

Foundations, Panama

offshore Bank Accounts, Many Panamanian doctors are speak English Panama has a wide selection of beaches and
Migration services and and are American-trained. Several hospitals island venues and activities.
have medical services on a par with US With two coasts, one thousand islands and
Investment Legal Advice.
hospitals. Sanitary conditions are excellent- Caribbean-style beaches, there is much to
VGSC INVESTMENT & there is almost none of that tourism scrouge- choose from for beach vacations from the all-
LEGAL SERVICES is a "Montezuma's Revenge". You can even drink inclusive resorts to exotic island retreats.
young and responsible firm
the tap water- a rarity in Latin America. An
amazing abundance of fresh and inexpensive
dedicated to promote legal
fruits and vegetables makes healthy living a
and migration solutions to pleasure.
our customers
Panama is the best place for nature travel,
Our fundamental objective
ecotourism and eco-adventure today. Panama is world-class for adventure.
is to give continuous advice
International experts rave about river running
to our clients and protect in Panama which includes rafting, kayaking and
their asset make their motorized river boats. There are rivers in
Panama where you can ride 20 sets of rapids in
money worth.
one afternoon. Canyoning, trekking, rapelling
You will find every and surfing offer similar world-class
advantage, advice and tip. experiences for the hard and soft adventure
seeker.
Our goal is to serve and Panama has the easiest-to-get-to exotic nature
satisfied all our clients’ in the world. Its position as a narrow land
bridge connecting two continents has endowed
needs.
it with some of the worlds’ most pristine and
Contact : bio-diverse rainforests in national parks
T (507) 360-5556 covering 5 million acres. A key indicator of its
bio-diversity: Panama has 944 recorded bird
F (507) 360-5550
species, more than the U.S. and Canada Panama has world class fishing, diving,
C (507) 6713-7306 combined. Furthermore, all that great nature is snorkeling and sailing.
C (507) 6759-2771 very accessible, with some of the best locations One place in Panama, Pinas Bay, holds 170
less than an hour from Panama City. There is a world fishing records. There are five world class
E-MAIL:
local saying that while in other countries you diving areas: Coiba National Marine Park, the
info@vgsclegalservices.com have 20 tourists looking at one bird, in Panama Pearl Islands, Bocas del Toro archipelago,
www.vgsclegalservices.com you have one tourist looking at 20 birds Portobello and for historical diving the Panama
Canal.
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Panama Has no Hurricanes nor major

destructive earthquakes.
Panama has become one

of the 15 best world

destinations for

retirement, only recently

have the advantages of this

country been made popular

among retirees in North

America and Europe:

Panama has long been the

prime choice for retirees,

second-home buyers, and

property investors alike. Panama is blessed by nature-unlike the rest of Panama City Nightlife
her Central American neighbors, Panama has Panama city is inmensely active in regards to
Panama was the winner for nightlife. There are tons of restaurants, bars
no hurricanes-amazingly it’s in a special climate
six years in a row of area that is totally hurricane-proof. It also has and clubs where people go out to have a drink,
International Living no major earthquakes. Your Panama vacation relax, listen to music and dance. You will find
will never be re-scheduled due to natural that panamanians love to dress well, impress
magazine’s Annual Global
events. Your property investment will always and be impressed when going out. Casinos
Retirement Index. Modern be safe from hurricanes and earthquakes. throughtout the city constantly host events to
Maturity, Conde Nast keep people coming, and they do come.
Traveler, AARP Magazine
Panama is Survivor Country.
How exotic and interesting is Panama? 14
and MSN.com all praised countries have filmed their Survivor programs
Panama as the best place in the islands of Bocas del Toro and the Pearl
to retire. The New York
Islands. CBS's Survivor series for Fall 2003 and
Winter 2004 took place in Panama’s Pearl
Times recently compared
Islands. Concerts, conventions, pro boxing fights,
Boquete, Panama to inaugurations, coupled with the great influx of
Americans seeking retirement, Colombians,
California’s famed Napa
Venezuelans and many other nationalities are
Valley. increasing the activity at which Panama City
British researchers have celebrates as the never before seen real estate
released a survey called
boom is taking the country to economic levels
that have not been seen before.
the “Happy Planet Index”.

contact

T (507) 360-5556

F (507) 360-5550

C (507) 6713-7306

C (507) 6759-2771

info@vgsclegalservices.com

www.vgsclegalservices.com
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Panama, is one of the most important

international finance and insurance
Due
position,
to its
the
geographical
Isthmus of
centers in Latin America
Panama became one of the
first financial and
commercial Centers of the
Americas. An outstanding
series of advantages
invites entrepreneurs and
investors to establish their
offices her.
The Panama Canal, one of
the most important
waterways of the world. Panama, a city of over 1 million people, it is Clubs don't close until the manager says he is
A network of modern
one of the most important international closing and you might find yourself seeing the
container ports, railroads
finance and insurance centers in Latin America, sunrise as you leave a bar or club. It all takes
and of course a center for the maritime place in three sectors of the city: The downtown
and airports, which
industry. This fact has also helped Panama business district, Casco Viejo, the historic Spanish
supports a fast exchange of
become a "tazita de oro" in Central America Colonial sector and on Amador Causeway which
merchandise from and to
these days. is connecting four islands in Panama Bay. When
the most important ports of
Panama has become one of the 15 best world in Panama go out and dance the night away
the world
destinations for retirement, only recently have anywhere.
A Free Trade Zone with a the advantages of this country been made The Casinos area just behind the Hotels and bank
large storage capacity, popular among retirees in North America and area is an awesome place to hang out and dance
which allows re-export of Europe. and there other new clubs that cutting edge and
merchandise to Latin Panama has long been the prime choice for rival those in New York and Miami so ask around
America and the Caribbean retirees, second-home buyers, and property and you'll get the right answer.
A modern system of investors alike. Today you can still find
telecommunications and apartments in sought-after areas of Panama
connection points for high- City for $80,000 and live well on $1,200 per
speed, broadband, optic- month.
fiber cables, which Panama was the winner for six years in a row
connects the Americas with
of International Living magazine’s Annual
the world
Global Retirement Index. Modern Maturity,
Conde Nast Traveler, AARP Magazine and
For more information about our MSN.com all praised Panama as the best place
services please contact us: to retire. The New York Times recently
compared Boquete, Panama to California’s
T (507) 360-5556
famed Napa Valley.
F (507) 360-5550 British researchers have released a survey Like at any other country stay safe and always
C (507) 6713-7306 called the “Happy Planet Index”. Designed to obey your instincts.
measure life satisfaction, life expectancy and
C (507) 6759-2771
ecological footprint, Panama ranked fifth in the
E-MAIL: world. (For comparison, the U.S. came in at
info@vgsclegalservices.com #150, and the U.K. at #108!)
www.vgsclegalservices.com
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Carnival in Panama is a celebration that takes place

in just about every town of the country
 Low cost of labor and
healthcare
 Large number of U.S.
trained healthcare
specialists
 Bilingual assistance
readily available in
urban centers.
 Substantial discounts
in restaurants, travel
and healthcare for all
Even though this is a yearly celebration, an You might be familiar with carnival of Rio de
retirees
often asked question even by locals is: "When Janeiro, and Mardi Gras in New Orleans. Well the
 A dollar economy and
is the carnival this year?" That's because the carnival in Panama is also celebrated on the
low inflation protect
celebration is always 40 days before the same dates and it is celebrated in one way or
fixed incomes
christian holly week. The most famous of all another by the whole country.
 Access to stateside
towns is Las Tablas in the province of Los
publications and
Santos which is also located in the Azuero
media
peninsula. Panama city, the capital of the
 Real estate at prices
country, and Penonome are also places to
below those of
celebrate it in all its glamour.
stateside and other
Caribbean
destinations
 Financing by banks
for retirees with
stable incomes
 English is widely
spoken.
 Low crime levels
 Large expat and
Carnival in Azuero is by far the most exhuberant
immigrant
and most popular celebration where in Las
communities from
Tablas, in particular, two streets in the same
throughout the world
town battle it out to outdo eachother on parades
contact
during the day and night for the 5 days that the
T (507) 360-5556 carnival lasts. Calle Arriba (High Street) and Calle
F (507) 360-5550
Abajo (Low Street) put out excellent shows with
C (507) 6713-7306
C (507) 6759-2771 very expensive thrones and dresses for each of
E-MAIL: their queens that rival those in Rio de Janeiro.
info@vgsclegalservices.com
This carnival is one you will never forget if you
www.vgsclegalservices.com
attend. In Azuero, Chitre, Guarare, and La Villa de
The celebration is a huge party, yes that's
Los Santos are also known for celebrations but
exactly what it is. In fact it is the most famous
cannot compare to the one in Las Tablas.
of all parties in Panama.

THE PARADE
There is a parade with the Queens
rolling by that come through while
people standing on top of the water
trucks spray the water over tons of
people.
MOJADERA
Eighteen-wheelers with water
tanks show up and pump water out
of it to throw it at the crowds
celebrating the parades. This, you
might think, is weird but if you
attend this carnival, you will soon
find out that it is actually nice
because Panama is hot and the
carnival takes place during the
summer.
FRIDAY NIGHT
Friday night kicks off the party with
the formal presentation and
crowning of the queens and a
parade follows.
For more information about our
services please contact us:
T (507) 360-5556
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C (507) 6713-7306
C (507) 6759-2771
E-MAIL:
info@vgsclegalservices.com
www.vgsclegalservices.com
En Panama City also celebrates the carnival
by closing main arteries of the city for parades
and the traditional "mojadera"
People throw water at each other which a
characteristic of every carnival celebration
throughout the country. Eighteen-wheelers
with water tanks show up and pump water out
of it to throw it at the crowds celebrating the
parades. This, you might think, is weird but if
you attend this carnival, you will soon find out
that it is actually nice because Panama is hot
and the carnival takes place during the summer
(dry season in Panama takes place in
February...yes February!) a good splash of
water is very welcomed to beat the heat of the
radiant sun.
The Las Tablas carnival days is organized in the
following way. Friday night kicks off the party
with the formal presentation and crowning of
the queens and a parade follows. Everyone is
dressed nice and the all attend the parade
celebration and the crowning. Following the
parade there is a fireworks show which lasts
tor about 30 minutes. Afterwards, everyone is
free to either hang out at the park or go to
various parties organized around town.
Drinking is of course allowed on the streets but
drunks disturbing the peace are quickly round
up by police and locked up until the end of
carnival because the government courts are
shut down. The party doesn't stop until about
5am.
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Saturday morning comes with the start of the
"mojadera" at 10am. By that time the eighteen
wheelers with are lined up around the town's
central park and the crowds are already showing
up. An occasional short pants, a shirt you might
not be wearing again, cheap snickers, sunglasses
and a cap or hat is all you need to wear. You
don't need to worry about how clean you look
after the party because everyone will be wet,
maybe dirty from colors people use to color
other people's cloths among other things.
Dancing, drinking, hanging out while you get wet
is mostly what is going to happen all day until
5pm. There is a parade with the Queens rolling
by that come through while people standing on
top of the water trucks spray the water over tons
of people. After 5pm, everyone except the
drunks start heading out to go home to change
into nice clothes to go have dinner and then go
back to the central park to enjoy the night
parade, followed by more of what happened on
Friday night. This is basically repeated through
Tuesday.
 VGSC INVESTMENT
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Every carnival day is themed as follows

HOTELS

In Panama City, there are very

many hotels and it might be

easier to find accomodations that

if you decide to go to Las Tablas

or any other city.

PROPIETARIOS
No hay restricción en cuanto a la

nacionalidad o el número de

propietarios, pudiendo ser

nacionales o extranjeros.
Friday is the Opening, Saturday is the
International Day, Sunday is Pollera day,
Monday is costume day, Tuesday is Queens day
and on the hours before 5am on sunday is the
"entierro de la sardina"(the sardine burial).

Well, the question is answer with two short

words: Plan ahead. In reality you need to plan
ahead well in advance if you want to
participate in any of the carnivals. Understand
that the whole country is participating and ALL
hotels are going to be booked to capacity just
like you would expect any city in the world
preparing for any carnival. Reserve your hotel
months in advance you can stay at a nice one.

In Panama City, there are very many hotels and

it might be easier to find accomodations that if
For more information about our you decide to go to Las Tablas or any other city.
services please contact us:

T (507) 360-5556
Make friends in Panama and try to go in a
group to any of the cities in the country. That
F (507) 360-5550
will be the best way you will reassure yourself
C (507) 6713-7306 to have a blast while staying safe.
C (507) 6759-2771

E-MAIL:

info@vgsclegalservices.com

www.vgsclegalservices.com
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Voted top five destinations by the

American Association of Retired Person
The American Association

of Retired Persons

(AARP), and voted

Number One

With this as an incentive, as well

as tax breaks, residency

programs and discounts on

airfares and dining; why would

people not opt for retirement in

Panama? The Republic of

Panama has offered a great life

for people who have retired, and

has attracted thousands
people from the United States. It
was recently voted one of the top
five destinations by the American
Association of Retired Persons
(AARP), and voted Number One
by International Living.
More and more people today are choosing to
of
move abroad when they retire, in search for a
better and more relaxed life. With an increase
in the cost of living, as well as poor social
security and pension plans, many people
cannot afford to stay in their country of
residence, and they opt to move away to a
place where they can afford a better way of
life. Wont you?
People have found that retirement in Panama
has offered unbeatable price differences
compared to the United States. Medical Services
only cost 30% of what they do in America, which
is reason alone to move over once retired. As a
retired person, you will automatically get a
discount on all dental bills, eye exams, doctors’
bills, medicines and hospital services. This can be
very important as you start getting older, and will
offer you a little bit of added security and take a
load off your mind.

For more information about our

services please contact us: Many places abroad have a cost of living so
T (507) 360-5556 low, that it is often compared to what prices
may have been like about a hundred years ago.
F (507) 360-5550
With this as an incentive, as well as tax breaks,
C (507) 6713-7306 residency programs and discounts on airfares
C (507) 6759-2771 and dining; why would people not opt for There are a great range of incentives offered for
E-MAIL:
retirement in Panama? The Republic of retirement in Panama, including some great
Panama has offered a great life for people who discounts on entertainment. On weekends, you
info@vgsclegalservices.com
have retired, and has attracted thousands of will receive a 30% discount on hotels, and during
www.vgsclegalservices.com people from the United States. It was recently the week you will only have to pay half price. You
voted one of the top five destinations by the will be able to travel all over the country, and
American Association of Retired Persons enjoy your retirement with these fantastic offers
(AARP), and voted Number One by Panama have for you.
International Living.

RETIREMENT IN PANAMA
If you decide to make your
retirement in Panama, you will
receive some great discounts
Para obtener más información
acerca de cualquiera de nuestros
productos o servicios
Even visiting banks or any other
public institutions is hassle free,
with separate and shorter lines
for retired people. Prices are
cheaper, and you will be able to
afford things that you may never
have considered before such as
a maid or a gardener to help you
out in and around your home.
With fantastic offers on flights,
holidays, hotel rooms and
events, retirement will be fun and
something for everyone to look
forward to!
For more information about our
services please contact us:
T (507) 360-5556
F (507) 360-5550
C (507) 6713-7306
C (507) 6759-2771
E-MAIL:
info@vgsclegalservices.com
www.vgsclegalservices.com
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Retirement in Panama offers a whole lot
of great days out, and activities that you
can enjoy with your friends and family
In Panamá You will also get discounts on tickets Panama takes good care of retired people,
offering some fantastic discounts and tax
to the movies, sports games and cultural
events which you can enjoy throughout the exemptions.
year. Retirement in Panama offers a whole lot
of great days out, and activities that you can
enjoy with your friends and family.
If you decide to make your retirement in
Panama, you will receive some great discounts
on utility bills and mortgage bills. If you are
importing your furniture over from another
country, you will be tax exempt for all items to
the value of US$10,000. There is also an import
tax exemption on your car, as well as on other
household goods.
Even visiting banks or any other public
institutions is hassle free, with separate and
shorter lines for retired people. Prices are
cheaper, and you will be able to afford things
that you may never have considered before such
as a maid or a gardener to help you out in and
around your home. With fantastic offers on
flights, holidays, hotel rooms and events,
retirement will be fun and something for
everyone to look forward to!
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That’s right. Panama. The little country with

the big heart where the Panama Canal is,
PANAMA IS, WHERE THE where the cost of living is affordable
COST OF LIVING IS

AFFORDABLE
Panama! Safe, beautiful,

accessible. Panama is an

extraordinarily beautiful country

with a marvelously diverse

ecology. Whether you prefer

tropical beaches, open farm

spaces, cool forested highlands,

gated communities or private

coffee estates, Panama has

That’s right. Panama. The little country with
them all at still affordable prices.
the big heart where the Panama Canal is,
where the cost of living is affordable,
For more information about our infrastructure is US style, health care is
excellent (and inexpensive), the political
services please contact us:
environment is stable and LIVING THE GOOD
T (507) 360-5556 LIFE is still possible!
F (507) 360-5550 Panama! Safe, beautiful, accessible. Panama is
an extraordinarily beautiful country with a
C (507) 6713-7306
marvelously diverse ecology. Whether you
C (507) 6759-2771 prefer tropical beaches, open farm spaces, cool
E-MAIL: forested highlands, gated communities or
private coffee estates, Panama has them all—
info@vgsclegalservices.com
at still affordable prices.
www.vgsclegalservices.com Modern Maturity Magazine (AARP), Fortune
Magazine, the LA Times, International Living
and the Wall Street Journal all consistently rank
Panama as a leading choice worldwide for
retiring baby-boomers and investors.
Consider this:
•Since the early 20th century Panama has been
a true international crossroads.
•People from the US, Canada, South America,
Europe and Asia are increasingly moving to this
multi-cultural country, where diversity is
celebrated.
•English is the official second language and the
currency is the US dollar (though Euros are
welcome).
•Panama is one of the safest countries in the
world with the highest rating for tourist safety
from the prestigious Pinkerton Intelligence
Agency.
•Panama City is a modern capital city with
international banking facilities, first-rate hotels
and restaurants and shopping on a par with the
US. Truly a multi-cultural crossroads, Panama
City is definitely first world.
•Panama is one of the few remaining countries
to offer true banking privacy. Your investments
are safe and secure here…and private.
•Panama has reliable communications and road
infrastructure. High speed internet is available in
even remote areas. Public transportation—by
bus, air or taxi—connects all parts of the country.
•International flights arrive and leave daily
between the US, Canada, Europe and South
America.
•Health care facilities are top notch. Health
insurance is a fraction of the cost in the US.
Prescription drugs are significantly less expensive
than in the US. The water is safe to drink. There
is no malaria.
•Geographically, Panama is the size of South
Carolina, but with a population of only 3 million.
There is lots of room to grow here…and the
expatriate population has been rapidly growing
as more and more Americans, Canadians and
Europeans have tested the waters and made the
decision to invest in and move to Panama.
 VGSC INVESTMENT
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If not here…where? If not NOW…when?

PANAMA IS, WHERE THE

COST OF LIVING IS

AFFORDABLE
Panama! Safe, beautiful,

accessible. Panama is an

extraordinarily beautiful country

with a marvelously diverse

ecology. Whether you prefer

tropical beaches, open farm

spaces, cool forested highlands,

gated communities or private

Do you want fabulous beachfront property, Want to climb a sleeping volcano and view the
coffee estates, Panama has where the monkeys call out from the jungle, Caribbean and the Pacific Ocean simultaneously?
them all—at still affordable the whales migrate past, and life is muy Looking to take life easy or to have a thrilling
prices.
tranquilo? adventure?
Or are the green mountains calling your name, Panama has it all…. Let VGSC INVESTMENT &
so that you can glimpse the rare Royal Quetzal LEGAL SERVICES help you make your dreams
Panama has it all…. Let VGSC bird while drinking Arabica coffee grown in come true…live life large.
INVESTMENT & LEGAL your own back yard? VGSC can help you with the HOW and the
Like to scuba dive or snorkel through fabulous WHERE. The only question for you is, WHEN?
SERVICES help you make your
coral reefs? If not here…where? If not NOW…when?
dreams come true…live life

large.

For more information about our

services please contact us:

T (507) 360-5556

F (507) 360-5550

C (507) 6713-7306

C (507) 6759-2771

E-MAIL:

info@vgsclegalservices.com

www.vgsclegalservices.com
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Panama Immigration and Panama Residency

Visas.
 Self economic Visa
MIGRATION VISAS  Retired Pension Visa
 Investor Visa
- Retired or Pensioned Program  Reforestation Visa
- Retiree Rentier  Student Visa
- Self Economic Solvency  Worker Visa
- Large Business Investor

- Reforestation Investor

- Immediate Passport Program

- Self Economic Solvency Visa

- Agricultural Investor Program

- Tax Free Processing Zone

Investor
- Reforestation Visa (New)
- Retired or Pensioned Program
- City of Knowledge Work Visa
- Missionary Visa
- Student Visa
- Multiple Entry and Exit Visa
The Panamanian government created several
Panama immigration laws which, depending on
the particular type of Panama residency visa
applied for, enables foreigners to obtain legal
temporary or permanent residency in Panama,
Panama work permits, and in some cases,
Panama citizenship and / or Panama passports.
Most of these Panama immigration laws have
been created to promote foreign investment in
Panama which benefits the local environment
or local economy of Panama.
Our Panama immigration law firm specializes in
all of the Panama immigration programs and
Panama visas.
Many times, investors find that a Panamanian
residency visa is just an "extra benefit" to the
Panama investments that they are making. The
fact that there are different Panama immigration
visas and Panama residency programs suited for
investors is an incentive for relocating to Panama
and obtaining Panama citizenship and a
Panamanian passport. Relocating to Panama and
getting Panama legal residency can be easier by
using our experienced Panama immigration
lawyers.

For more information about our
services please contact us:
T (507) 360-5556
F (507) 360-5550
C (507) 6713-7306
C (507) 6759-2771
E-MAIL:
info@vgsclegalservices.com
www.vgsclegalservices.com
We have listed several of the Panama
residency visas as well as other Panama visas
such as work visas in Panama. Some of these
Panama immigration visa programs offer
Panama temporary residency permits, or
Panama permanent residency permits, some
offer Panama citizenship, and Panama
passports and others may not. Some of these
Panama immigration programs only offer
Panama temporary resident visas, or Panama
work permits.
Many international investors and companies
find excellent opportunities for Panama
investments in reforestation, manufacturing
plants, assembly plants, distribution facilities
for import/export, software creation facilities,
call centers, and a variety of other business
activities.

MIGRATION VISAS
- Retired or Pensioned Program
- Retiree Rentier
- Self Economic Solvency
- Large Business Investor
- Reforestation Investor
- Immediate Passport Program
- Self Economic Solvency Visa
- Agricultural Investor Program
- Tax Free Processing Zone
Investor
- Reforestation Visa (New)
- Retired or Pensioned Program
- City of Knowledge Work Visa
- Missionary Visa
- Student Visa
- Multiple Entry and Exit Visa
For more information about our
services please contact us:
T (507) 360-5556
F (507) 360-5550
C (507) 6713-7306
C (507) 6759-2771
E-MAIL:
info@vgsclegalservices.com
www.vgsclegalservices.com
Obtaining a second residency in Panama is useful
for those who wish to improve their quality of life
Have a second home in Panama, a tropical
country where one can peacefully live in
Panama, or visit Panama on a part-time basis.
- Have a "safe haven" in Panama to escape to
in the event of war or any type of political or
civil unrest that may threaten ones’ family.
- Actually live in Panama permanently, perhaps
after retirement and obtain a Panamanian
residency visa.
- Relocating to Panama to a tropical, stable,
safe country where it is very economical to live
in comparison with most other developed
countries such as the US, Canada, Europe, etc.
- Relocate to a more "tax friendly" country
where foreign earned income, foreign earned
capital gains, and bank interest income are not
taxed nor need to be declared.
- Relocate to a country where frivolous lawsuits
are not recognized by the courts, and one can
protect their assets through a corporate
structure, without the risks of "piercing the
corporate veil".
- Relocate to a country where one can do
business operations economically, and without
heavy restrictions, regulations, or taxes that
hinder the growth of the business.
- Relocate to a country where real estate is still
affordable for purchasing homes in the city or
land at the beaches, mountains, lakes, etc.
- Relocating to Panama and purchasing a
second residence in Panama or taking
advantage of the Panama immigration
programs, Panama resident visas, and choosing
Panama citizenship with a Panamanian
passport if you wish.
VGSC INVESTMENT
&
LEGAL SERVICES
Panama is a developing nation, but living here
means anything but living in the Third World.
Panama is full of the comforts and luxuries that
many search for overseas but can rarely find in
combination with an affordable cost of living. In
fact, most people can significantly improve their
quality of life by living in Panama, and they do so
without having to live in an unsafe country with
poor infrastructure.
Panama is a surprisingly safe country, where you
may actually live safer than you might in large
U.S. cities.
The developed infrastructure of Panama is
astounding to those who arrive anticipating
Third-World conditions. Panama City boasts a
tremendous skyline of high-rise buildings,
including chrome and steel modern office
complexes, massive hotels, and enormous
apartment buildings. Panama City is an important
hub for international banking and commerce, so
if you are looking to invest or start a business
while living in Panama, you will have plenty of
resources at your disposal. Culturally, living in
Panama means five-star restaurants, theater,
symphonies, ballet, and boutiques.
Yes, the infrastructure in Panama is well
developed: The telephone service is quite
advanced, so international calls are always easy
to make; high-speed Internet is widespread; and
Panama City's international airport is completely
modern, offering daily flights to many
international destinations.
Panama is so welcoming to foreigners partly
because it is already a very diverse society.

MIGRATION VISAS
- Retired or Pensioned Program
- Retiree Rentier
- Self Economic Solvency
- Large Business Investor
- Reforestation Investor
- Immediate Passport Program
- Self Economic Solvency Visa
- Agricultural Investor Program
- Tax Free Processing Zone
Investor
- Reforestation Visa (New)
- Retired or Pensioned Program
- City of Knowledge Work Visa
- Missionary Visa
- Student Visa
- Multiple Entry and Exit Visa
For more information about our
services please contact us:
T (507) 360-5556
F (507) 360-5550
C (507) 6713-7306
C (507) 6759-2771
E-MAIL:
info@vgsclegalservices.com
www.vgsclegalservices.com
Panama Self Economic Solvency Visa
VGSC INVESTMENT & LEGAL SERVICES offers
the obtaining a Panama Self Economic Solvency
Visa.
Law N° 16, of June 30,1960 created this
program to offer international investors the
opportunity to obtain Panama legal residency,
Panama citizenship by making certain Panama
investments.
Currently, the Panama Self Economic Solvency
Visa offers three (3) different Panama
investment options to qualify for Panama
residency:
Panama Investment Option #1:
Panama Investment: Invest a minimum of
US$300,000 (Three Hundred Thousand US
Dollars) in a three (3) year time deposit (or
"certificate of deposit" or "CD") at any Panama
bank.
Stipulations: (1) The Panama bank time deposit
(CD) account must be in the personal name of
the primary applicant (it may not be in the
name of a Panama corporation, Panama
foundation, or trust). The interest earned from
the Panama bank time deposit (CD), will be
deposited monthly into any savings account at
the Panama bank that you designate (the
Panama savings account may be a personal
account, or a corporate account). The interest
income is NOT taxed by the Panamanian
government, nor is it subject to any tax
reporting requirements.
Dependents: For each additional dependent
that applies for residency under the primary
applicant, the primary applicant must prove
that he or she has sufficient income to support
the general costs of living of each dependent.
VGSC INVESTMENT
&
LEGAL SERVICES
Panama Investment Option # 2:
Panama Investment: Invest a minimum of
US$300,000 (Three Hundred Thousand US
Dollars) in titled Panama real property. This
must be equity, as mortgages do not count.
Stipulations: (1) The titled Panama real property
can either be in the personal name of the
primary applicant or in the name of a Panama
Private Interest Foundation; as long as the
primary applicant is either the Founder or a
Beneficiary (it may not be in the name of a
Panama corporation or trust). (2) The primary
applicant must also prove that he or she has
sufficient income to support him or herself.
Dependents: For each additional dependent that
applies for residency under this Panama
immigration program, the primary applicant
must prove that he or she has enough income to
support the living costs of each dependent.
Panama Investment Option # 3:
The third option is a mixture of a 3-year Panama
bank CD with Panama real estate purchases
equity (excluding mortgages) with both totaling a
minimum of $300,000.
Requirements to Qualify for a Self Economic
Solvency Visa
Foreigners that invest the minimum sum of
Three Hundred Thousand dollars ($300,000) in
Panama real estate or a Panama bank time
deposit or a combination of both will be able to
qualify for this visa. If the foreigner has
dependents, the applicant needs to invest an
additional Two Thousand Dollars ($2,000) for
each dependant.

MIGRATION VISAS
- Retired or Pensioned Program
- Retiree Rentier
- Self Economic Solvency
- Large Business Investor
- Reforestation Investor
- Immediate Passport Program
- Self Economic Solvency Visa
- Agricultural Investor Program
- Tax Free Processing Zone
Investor
- Reforestation Visa (New)
- Retired or Pensioned Program
- City of Knowledge Work Visa
- Missionary Visa
- Student Visa
- Multiple Entry and Exit Visa
For more information about our
services please contact us:
T (507) 360-5556
F (507) 360-5550
C (507) 6713-7306
C (507) 6759-2771
E-MAIL:
info@vgsclegalservices.com
www.vgsclegalservices.com
Panama Retired or Pensioned Program
(Visa Pensionado)
VGSC INVESTMENT & LEGAL SERVICES provides
retirees and persons with pensions with a
Panama Pensioned Visa, also called the
Panama Pensionado Visa.
The Panama Retired or Pensioned Program
allows foreigners to obtain legal residency in
Panama under the condition that they are
retired or pensioned. According to the Panama
Immigration Department, there is no minimum
or maximum age required to qualify you only
need to provide the requirements documents.
The applicants' retirement income (or pension
income) must be at least a LIFE TIME US$1,000
per month. Another option is to purchase at
least $100,000 in Panama real estate, which
reduces the lifetime monthly income to $750.
The applicants' income must be proven by
providing documentation such as a letter from
the institution or company that pays the
retirement or pension income. This
certification must be notarized and
authenticated by the Panamanian Consulate
nearest you (or by apostile).
VGSC INVESTMENT
&
LEGAL SERVICES
Discounts: As a qualified Panama "pensionado"
(retiree), you will be entitled to:
- 50% off entertainment anywhere in the country
(movies, theatres, concerts, sporting events, etc.)
- 30% off bus, boat & train fares
- 25% off airline tickets
- 50% off hotel stays from Monday through
Thursday
- 30% off hotel stays from Friday through Sunday
- 25% off at restaurants
- 15% off at fast food restaurants
- 15% off hospital bills (if no insurance applies)
- 10% off prescription medicines
- 20% off medical consultations
- 15% off dental & eye exams
- 20% off professional & technical services
- 50% off closing costs for home loans
- 25% off residential power up to 600 kw
- 25% off residential phone service charges
- 25% off residential water bills of up to US$30
Tax Exemptions: As a qualified Panama
"pensionado" (retiree), you will be entitled to:
- A one-time exemption of duties on the
importation of household goods up to US$10,000
in total value
- 100% duty exemption on the importation or
purchase of an automobile.
 VGSC INVESTMENT
&
LEGAL SERVICES

MOST POPULAR MIGRATION VISA

MIGRATION VISAS Visa Type Requirements Advantages

Public pension fund Permanent

The Panamanian government Proof of lifetime pension for minimum of Residency + large
$1000/month + $250/month per dependant number of
Retired or
has created several laws which, discounts and tax
Pensioned Program
exemptions
depending on the particular type (Visa Pension) Private pension plan
of visa applied for, enable
Proof of lifetime pension for minimum of No Citizenship
$1000/month + $250/month per dependant eligibility
foreigners to obtain legal
Obtain an
temporary or permanent immediate
residency, work permits and Panamanian
Provide a 5-year time deposit (CD) at the Banco Passport
citizenship and/or passports in Retiree Rentier Nacional de Panama which must earn a minimum of
$2000/month in interest income No Citizenship or
Panama. Permanent
Most of these laws have been Residency
eligibility
created to promote foreign
Option 1 Obtain a 2 years
investment in the country which Min. of $300,000 investment in 3-year time deposit Temporary
(CD) at a licensed Panamanian Bank + $2000 per Immigrant Visa
benefits the local environment or dependant
local economy of Panama. After 2 years you
Option 2 may obtain a
People wishing to immigrate to Self Economic Min. of $300,000 investment in a titled property in Permanent
Solvency Panama + $2000 per dependant Residency Visa
Panama have several options.

Non-residents can apply for one Option 3 After 5 years you

Combination of option 1 and 2. The total amount is may obtain a
of several visas. The following is
for $300,000 Panamanian
intended as a brief summary of
Citizenship and
Passport
the most popular residency visas
Obtain Permanent
offered to foreigners. Residency Visa
after 2 years
Invest a min. of $160,000 in an established or new
Large Business business in Panama and employ at least 5
After 5 years you
For more information about our Investor Program Panamanians paying them min. wage + social
may obtain a
security benefits + $2000 per dependant
services please contact us: Panamanian
Citizenship and
T (507) 360-5556
Passport
F (507) 360-5550

C (507) 6713-7306
Agricultural Large business investment of at least $60,000 in a
Investor agricultural project + $2000 per dependant
C (507) 6759-2771

E-MAIL: Obtain Permanent

Residency Visa
info@vgsclegalservices.com after 2 years
www.vgsclegalservices.com Reforestation Large business investment of at least $80,000 in a
After 5 years you
Investor reforestation project + $2000 per dependant
may obtain a
Panamanian
Citizenship and
Passport