Panama Reforestation Investor Visa

At LEGAL@work, we assist foreign investors in obtaining a Provisional Permanent Resident Permit for Forest Investment (PPT-FOR) in the Republic of Panama. This permit is available to individuals who invest a minimum of B/. 100,000.00 in reforestation or forestry activities, or other activities authorized by the Ministry of Environment. If an investment of B/.350,000.00 is made, the individual can opt for automatic permanent residency. To include dependents, an additional B/. 2,000.00 must be invested for each dependent, which can be justified with a local bank reference.

In order to apply for this permit, the following documents are required:

1.     Power of attorney and application (notarized)

2.     Three (3) photographs

3.     Copy of passport (notarized or authorized)

4.     Criminal record certificate

5.     Health certificate

6.     Certified check for B/. 250.00 made payable to the National Treasury

7.     Certified check for B/. 800.00 made payable to the National Migration Service

8.     Declaration of Personal Background form

9.     Declaration of secretary or treasurer for legal entities, which includes information about the activities, ownership of shares issued to the foreign applicant, and the capital amount

10. Certification by an authorized public accountant detailing the total amount invested in reforestation and that the capital is from the investor (the accountant must include copies of their ID and professional license)

11. Copy of resolution from the Ministry of Environment and forestry registration for the individual or legal entity

12. Certification of company existence from the Public Registry of Panama, including the activities of the company

13. Property certification from the Public Registry of Panama

14. Proof of direct investment in reforestation activities, a minimum of B/. 100,000.00, demonstrated with a bank certification of the transfer of funds to the reforestation company or payment

15. For automatic permanent residency as a Forest Investor, proof of investment of a minimum of B/.350,000.00 in reforestation or forestry activities.

We understand that the process of obtaining a permit can be overwhelming, which is why at LEGAL@work, we take care of the legal process and ensure that all requirements are met.

Our experienced attorneys will guide you through the process, providing a positive and reassuring experience. Our estimated fees for this service are exclusive of government fees. Contact us today to find out how we can assist you in obtaining your PPT-FOR permit.