Arrocha & Co.

When the Immigrant Visa has been approved the foreigner receives a permission of residence by a year and when expires, he must ask for a prorogation every year for three (3) consecutive years. In the expiration of the third prorogation, he will be able to ask for the definitive permanence with right to s personal identification document for a permanent resident. All together they are five (5) requests.

I will only be admitted one foreigner and its dependants for each company and any attempt of violation or the violation of this requirement will bring as a consequence the refusal of the request and the obligation to leave the country.

If the request includes dependants, the investment must be increased to FOUR THOUSAND DOLLARS (USD$4,000.00) by each employee and fulfill the requirements of resident dependant.

Requirements:

• Provisional Id.
• Medical certificate of Good Health sent within the three (3) months previous to the date of presentation. (It must have date, company’s signature and stamp with the name, code and record number of the doctor).
• Power of attorney at law and Request.
  • Power:
    • Complete Information of the person or persons interested:
      • Name,
      • Nationality,
      • Exact address,
      • Name and Nationality of the parents,
      • Telephone numbers,
      • Email address.
    • General Information of the Lawyer
      • Office’s Address,
      • Fax and Telephone numbers,
      • Email address.
    • Tax stamp of value of USD$4.00 by page.
    • The Power will have to personally appear before the civil employee of the National Office of Migration and Naturalization or with the note of Personal Presentation before a Public Notary.
  • Request:
    • Complete and general information of the applicants and its dependants.
    • Complete and general information of the lawyer.
    • Complete and general information of the checks that are contributed:
      • Number of the Check,
      • Name of the Bank,
      • Date,
      • Amount.
    • List and identify the documents that are enclosed.
    • Expose the foundations in fact and of right.
    • Explain the type of commercial activity that will develop the company.
    • Tax stamp of value of USD$4.00 by page.
• Certified Check by the amount of ONE HUNDRED DOLLARS (USD$100.00) in favor of the National Treasury.
• Certified Check by the amount of FIVE HUNDRED DOLLARS (USD$500.00) in favor of the Ministry of Government and Justice, for deposit of repatriation.
• Background Record of the country of origin or the country where it has resided interested last the two years. If the person interested has two or more years of continuous residence in Panama he is free to present this document.
• Passport of the country of origin with a minimum validity of six (6) months of each one of the applicants.
• Photocopy of the passport of each applicant.
• Two (2) photos membership card size of each one of the applicants.
• Sworn declarationon of Personal Antecedents.
• Original Certificate of Legal Function and position of agent issued by the Public Registry  subscribed by the person interested and emitted before a Notary, who credits:
  • The Partnership name of the company,
  • The names of the Directors and Dignitaries of the company (including a the applicant),
  • the Social Address,
  • The Empowered or Legal Representative.
  • The Share capital of the company,
  • The distribution of the Share capital (the actions must be nominative).
• The Secretary or Treasurer Certification of the company, where the title ownership of the emitted action is credited and that the same is released and paid properly. The certification must be signed before a Notary and it does not have to be subscribed by the interested person.
• A Certified Public Accountant Certification (CPA), who credits the detail of the grand total invested in a direct way by the applicant in the activity of the reforestation and that the capital is from the investor. Additionally, enclose copy of the document that credits the suitability of the CPA.
• Photocopy of the Actions Certificate expedited the forest investor.
• The original or copy of the Declaration of Rents of the company authenticated by the Ministry of Economy and Finances, with its respective receipts of payment. If the company is of recent constitution, it should contribute with copy of the certainty of payment of the Unique Rate and the Unique Registry.
• Authenticated Photocopy of the Resolution sent by the National Authority of the Environment, by means of which it is solved to register to the joint-stock company or the foreigner in the Forest Registry.
• Proof of investment made directly to the activities of reforestation for a minimum amount of FORTY THOUSAND DOLLARS USD$40.000.00:
  • Public Registry Certificate, in which the inscription of the building consists that will be issued to the reforestation, to name of the person interested,
  • Photocopy  of check authenticated that were turned to invest in reforestation with the seal of paid by the Bank and the corresponding invoice,
  • Liquidations of customs of concerned machinery to be used in the reforestation,
  • Any other document that proves of form the conducted payments of money in the reforestation.