Panama Reforestation Residency Visa and Citizenship Programs.

Panama enacted Law 24 to encourage private investment in efforts to restore the country's rapidly diminishing tropical forests. At the time the law was passed, Panama's tropical forests were disappearing at the rate of 79,000 hectares (about 195,213 acres) per year. To reverse this trend, Law 24 offers significant tax advantages and residency visa eligibility to investors in government-approved reforestation projects.

Panama's environmental protection agency ANAM ( Autoridad Nacional del Ambiente) oversees reforestation projects. Below are the key benefits of the reforestation program to investors.

Procedure for Obtaining a Reforestation Residency Visa

To obtain a reforestation residency visa, you must invest at least $80,000 in 51% ownership in a reforestation project that has been approved and registered with ANAM. You can then begin the process of applying for your residency visa. For this process, you must be represented by a Panamanian attorney. The bilingual attorneys recommended by Panama Forestry have extensive experience in guiding clients through the visa application process and will keep you informed of the status of your application.

Your Panamanian attorney will give you a list of documents that are required for your visa application. These include a police record/police clearance report, since the government of Panama reserves the right to reject otherwise qualified applicants who have a criminal history. Your attorney will advise you on how recent the documentation must be and what authentication is required from your home country and/or from the Panamanian consulate in your area. Your attorney can also help you obtain a Panamanian health certificate and advise you on where to get documents notarized and photographs taken.

The application process for a reforestation residency visa is as follows:

Note that legal fees are not included in the $100,000 100% ownership investment package offered by Panama Forestry. However, we can recommend qualified bilingual attorneys and provide general guidelines on what you can expect to pay for legal services.

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