New immigration law for Panama

Criticized by those that are affected, the new immigration legislation will regulate the stay of foreigners in the country and modernized laws that date back to 1960.

Wednesday, August 27, 2008

The new law reorganizes the different types of visas, requirements and penalties (in case of failure to comply) for foreigners that decide to enter and to stay in Panama. It gives visitors up to 90 days to stay in the country. One of main aspects of the new law is the creation of "short-term visas" for those who "need to stay more than 90 days do carry on business, visit family members, carry out investigations, for medical treatment and for legal merchants and investors," Tayra Barsallo, sub-director of Immigration, said to AFP.

More on this topic

El Salvador: Immigration Law to Include Investor Category

September 2011

The proposed reform will include the category of an investor, not provided for by current law.

A person entering the country as an investor will have a 180 day visa allowing them to explore existing investment opportunities.

The current law, from 1958, refers only to the classifications of tourist, temporary resident and permanent resident.

Relocating to Panama

February 2011

More and more foreigners settle in Panama, requiring a wide range of different services.

According to preliminary data from 2010, more than 12.000 work permits were given to foreigners, including executives of multinational companies or those coming from other places in search of better opportunities.

Costa Rica Passes Stiffer Immigration Law

August 2009

New regulations impose more controls on foreign population, with severe fines for illegal aliens.

The new law includes penalties for companies hiring undocumented immigrants and $100 monthly fines for foreigners staying illegally in the country.

"Pensions of $1.000 a month or rents of $2.000 a month will be needed for a residence permit", reports Mipunto.com, "...hotels and hostels will have to keep record of those who stay with them".

Panama: New Migratory Law Does Not Favor Investment

June 2009

According to the Union of Small and Medium-Sized Businesses (PyMEs), the new migratory law has made the country less competitive for the small investor.

The new law, which was approved in February, increased the total of the minimum investment from $40,000 to $160,000.

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