immigration visas, Immediate Panama Passport Programme and citizenship migrant services

Republic of Panama

National name: República de Panamá

President: Mireya Moscoso (1999)

Area: 30,193 sq mi (78,200 sq km)

Population (2004 est.): 3,000,463 (growth rate: 1.3%); birth rate: 20.4/1000; infant mortality rate: 21.0/1000; life expectancy: 72.1; density per sq mi: 99

Capital and largest city (2003 est.): Panama City, 1,053,500 (metro.area), 437,200 (city proper)

Other large cities: San Miguelito, 309,500; Colón, 44,400

Monetary unit: balboa; U.S. dollar

Languages: Spanish (official); many bilingual in English

PANAMA PASSPORT FAST TRACK PROGRAM

This programme allows foreigners to obtain immediate

Panamanian Passport under the condition

that they

make a 5 year time deposit

(certificate of deposit - "CD"),

at the

Banco Nacional de Panama, which earns a minimum of

US$750 per month in interest income.

At current interest rates this would mean that the investor

would need to deposit a minimum of about US$175,000

in the 5 year time deposit at the Banco Nacional de Panama. The monthly interest earned from the time deposit (CD),

would be deposited directly into the applicant’s savings

account, and the applicant can withdraw the funds in the savings account at any time.

PROGRAM COST-PRICE

US$ 19.800 as our preparation referral charges

GOVERNEMENTAL US$ 1.800

extra some legal fees for legal assistance

Procedures for Applying for Panama Passport:

1. Provide all required documents, and sign the Special Power of Attorney for our law firm to handle your immigration paperwork.
2. The bank account is opened, and you make the time deposit. The bank then provides a certificate of deposit, and a copy of the time deposit contract.
3. Our local law firm submits your application and documentation to the Immigration Department of Panama, for the Panama Passport.
4. Within approximately 2 to 3 weeks, the Immigration Department will issue the Panama Passport. At this point, the applicant is required to go physically to the Immigration Department for picture taking and thumb printing, for the issuance of the Panama Passport.

* Note: It is not necessary for applicants to reside in Panama to qualify for or maintain the Panama

Passport, however, a short visit to Panama is required for the processing of the passport.

Also, the applicant does not obtain Panamanian citizenship through this program.

Required Documents (for Immigration processing):

1. Photocopy of valid passport of the applicant, including the picture page (that shows the picture, name, date of birth, passport number, place of issue, etc.), and all pages showing entry/exit stamps (all pages used in the passport).

2. Original Police record of the applicant, from the place of residence, duly notarized and authenticated by the Panamanian Consulate nearest you.

3. Original Birth Certificate of the applicant, duly notarized and authenticated by the Panamanian Consulate nearest you.

4. Original Marriage Certificate for the applicant (if applicable), duly notarized and authenticated by the Panamanian Consulate nearest you.

5. Six (6) passport sized photographs of the applicant.

6. Certificate of Good Health, signed by a registered, licensed physician, indicating that the applicant has no contagious diseases and is in good mental and physical condition.

7. HIV Test results of the applicant, done by a licensed laboratory, showing negative results.

A Special Power of Attorney, signed by the applicant, authorizing our firm to prepare the process

of the immigration applications and documentation will be needed in order to submit the application.

*

Required Documents (for opening bank account / CD):

1. Photocopy of valid passport of the applicant (and dependents - if applicable), including the picture page (that shows the picture, name, date of birth, passport number, place of issue, etc.), and all pages showing entry/exit stamps (all pages used in the passport). The photocopy of passport should be notarized.

2. Two Original Financial Reference Letters: These can be from any bank, brokerage firm, or credit union. They should be on the financial institutions letterhead, signed by a representative of the financial institution, and show the contact information (address, telephone, fax, email, etc.) for the reference to be verified.

3. Two Original Commercial Reference Letters: These can be from any company or professional (a company, attorney, accountant, etc.). They should be on the company or professionals letterhead, signed by a representative of the company (or the professional), and show the contact information (address, telephone, fax, email, etc.) for the reference to be verified.

4. Two Original Personal Reference Letters: These can be from any person that you know (a friend, family member, doctor, lawyer, accountant, etc.). They should be signed by the person, and show the contact information (address, telephone, email, etc.) for the reference to be verified.

No Visa Requirement for Panamian Passports in more than 58 Countries:

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