Moving to Panama
Tropical rain forests, dream beaches and fascinating national parks enthral the vacationers as much as the colonial atmosphere of many cities. The national language is Spanish; English is accepted as business language. About 9.5 % of the tourists come by cruise liner in the country. However, most of the vacationers reach the Republic of Panama by plane. Since 2016, Lufthansa flies five times weekly in 11.5 hours from Frankfurt to Tocumen. OTC global supports you in realising your dream to emigrate to Panama.
For removal with overseas container, you can decide
– whether you will pack your removal goods on your own and let us load them.
– whether you will pack and also load on your own.
– or whether you will let us pack and load your complete removal goods including your furniture.
A rising economy
Your moving to Panama brings you to an earthquake-proof country with a stable banking system. Many migration incentives are offered to you here. Qualified staff from the foreign country enjoys considerable tax related and labour law related advantages. Moreover, foreign and national investors are legally on equal terms. These factors make Panama an attractive place for multinational corporations. Apart from that, the geographical location and US-Dollar as official currency create a favourable climate for investment.
Panama – always a popular immigration country
As the country is considered to be politically stable, it is popular with the European immigrants. They prefer Panama-City as the place of residence. The capital benefits from a new Metro-line and other infrastructure projects. Similarly, popular places of residence are Boquete in Highland and the cities of David and Constanza. As the country suffers from an acute shortage of skilled Manpower, the dependents having technical profession and qualified skilled workers are welcome.
For imported used cars, high import costs arise. However, as you can purchase here used cars at relatively low costs, it is not worth taking your own car.
Moving to Panama – important information on Visa and entry
For the relocation for the first time in the country in which there is an isthmus connecting Central and South America, you will be exempted from the import duties for household goods. There are special facilities also for issuing the visa. Thus permanent employees, managers from foreign country and their families obtain a five year visa, which can be again renewed for five years. One who has such a visa does not require another work permit. However, this regulation is not applicable for temporary employees.
German nationals can stay in the country for 180 days without Visa. If you would like to stay longer than 180 days in Panama, you must apply for Residence permit (Residencia). You can obtain this permit (Visa) from Consulate or Panamanian embassy of your home town. Children require separate identification document.
With the “Friends of Panama” Visa, immigrants can ensure a stay for longer duration. For that, you require a local bank account with a credit balance of at least 5,000 US-Dollar; in addition to this, you must produce a valid employment agreement, open a shop or acquire a property. The investors willing to immigrate must make a basic investment here. You can obtain the detailed information for entry requirements for your moving to Panama in the concerned embassies and consulates of your home town.
Note: You have to arrange the necessary documents promptly because monitoring in the country is very strict and can lead to immediate expulsion (see the relevant information from the ministry of Foreign affairs).
Send us a relocation request – We from OTC global are at your disposal for any questions.
