Macro-Company Investor.

At LEGAL@work, we specialize in assisting foreign investors in obtaining a Provisional Permanent Residence Permit for Investor of the Macro-Enterprise (PPT-IME) in the Republic of Panama. This permit is granted to individuals who wish to invest in a company with a minimum capital of B/.160,000.00, and who will hold positions as shareholders or officers in the company. The permit is valid for a period of two years, after which the applicant may opt for permanent residence.

To include dependents, an additional investment of B/. 2,000.00per dependent must be made, which can be justified by a local bank reference. The requirements for this permit include:

1.     Power of attorney and application (notarized)

2.     Three (3) photographs

3.     A copy of the passport (notarized or authenticated by the corresponding authority)

4.     Criminal background check

5.     Health certificate

6.     Certified check for B/250.00 infavor of the National Treasury

7.     Certified check for B/800.00 infavor of the National Migration Service

8.     Declaration of Personal Background form

9.     Public Registry certification proving the company's social reason, the applicant's position as director or officer, the legal representative or attorney-in-fact, the company's capital (minimum B/.160,000.00), and the type of shares (must be registered shares)

10. Certification from the Secretary or Treasurer of the company, proving the applicant's ownership of the shares issued in their favor and that they are fully paid and released (shares with a minimum value of B/.160,000.00). This certification must be notarized and must not be signed by the applicant themselves.

11. Copy of the relevant pages from the company's Share Register and the shares issued in favor of the applicant.

12. Certification from the company's authorized Public Accountant (CPA) proving the applicant's ownership of the shares and that they are fully paid and released (shares with a minimum value of B/.160,000.00), and detailing the company's activities.

13. Declaration by the applicant before a notary public regarding the amount of capital invested, the number of shares held, and the company's activities.

14. Payment receipt for advance payment of capital gains tax and copy of the shares purchase and sale contract(if the applicant acquired the shares from a third party of an existing company).

15. Copy of the company's income tax return with a paid and cleared status (in the assets section of the income tax return, the line for shares must show the payment of the total shares, which must be a minimum of B/.160,000.00 per applicant)

16. In the case of a newly formed company, a business plan and projected financial statements for the next two years.

Our experienced team at LEGAL@work will guide you through the process and ensure that all requirements are met, providing a smooth and efficient process. Please note that the costs provided are exclusive of legal fees. Contact us today to discuss your case and learn more about how we can assist you in obtaining your Provisional Permanent Residence Permit for Investor of the Macro-Enterprise in Panama.

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