| This is a new concept but one that is gaining | | | | |
| in popularity. This is for the nautically | | | | Designed for those who wish to establish a |
| inclined only with boating skills that are | | | | business in Panama (note, though, that some |
| developed. Basically you live your present | | | | retail businesses and some professions are |
| country and become a citizen of the world | | | | reserved to Panamanians). There must be a |
| traveling perpetually on your yacht. While | | | | minimum investment of $150,000 and minimum of |
| all this sounds great you still need to have | | | | three, permanent Panamanian employees hired. |
| papers and documents of registration and | | | | It is granted provisionally for one year and |
| passports to avoid constant hassles with | | | | after renewal is granted permanently with the |
| authorities wherever you go. So what can be | | | | right to be issued a cedula identity card. |
| done is as follows: | | | | Five years after obtaining the permanent |
| | | | visa, holders will be eligible to apply for |
| You form an anonymous Panama SA company | | | | Panamanian nationality. |
| (bearer shares). This company then buys a | | | | |
| yacht for at least $150,000. Now you need to | | | | Small Business Investor Visa |
| hire three Panamanians for at least $253.00 a | | | | |
| month each. So you have deckhands, crew, cook | | | | (Inversionista de Pequeña Empresa) |
| etc. This would let you get residency in | | | | |
| Panama quickly and after three years you | | | | Designed for those who wish to establish a |
| could apply for citizenship and get a Panama | | | | small business in Panama (note that retail |
| passport. You could also do a version of this | | | | businesses and some professions are reserved |
| using the small investor visa to do it with a | | | | to Panamanians). There must be a minimum |
| $40,000 investment and three employees on | | | | investment of $40,000 and minimum of three |
| your fishing or touring boat. You can get a | | | | permanent Panamanian employees hired. It is |
| Panama cell phone, mail box, bank account, | | | | granted provisionally for one year, and needs |
| visa debit card, atm card and you can travel | | | | to be renewed three more times before it is |
| the world. For most this isn't feasible but | | | | granted permanently with the right to a |
| it is fun to dream anyway. | | | | cedula. Five years after obtaining the |
| | | | permanent visa, holders will be eligible to |
| Investor Visa (Inversionista) | | | | obtain Panamanian nationality. |