Immigration to Panama. Obtaining residency with Friendly Nations Visa

Panama's growing economy needs well educated, skilled and entrepreneurial labor force. To achieve this goal in the shortest time possible the Government of Panama announced Friendly Nations Visa program in 2012. In order to qualify you should be a citizen of any of the 50 countries (listed as Friendly Nations), register a company in Panama and deposit US$ 5000 to your personal account. These simple steps will gain you permanent residency in Panama almost immediately. You will not be required to work in your company. Please find the details below.

Panama

Easy and fast immigration to Panama. Immediate residence visa for citizens of Friendly Nations countries.

If you belong to Friendly Nations Countries (see the list below) you can get a permanent residence permit in Panama just registering a company.
Actually only the following is required:
Opening a bank account in your name and depositing a minimum of US$ 5000. If there are dependents that will apply with the main applicant, then US$ 2000 per dependent should be added.
Registering a company in Panama where you will be the President and Shareholder. The company is supposed to provide professional services. 
The major part of the bank account opening can be done without the applicant’s presence. We will do most of the job and once the applicant is in Panama, we will finalize everything so that the account is open in approximately one week. We will do our best to shorten this term, of course.
The applicant will have to travel to Panama at least twice. Initially to visit the bank and finalize the account opening, sign the power of attorney empowering us to file the application and have the applicant’s passport registered with the Immigration Service.
Once the bank account is open the applicant would need to send the funds to activate the account. When funds have been deposited the bank can issue a letter of reference and/or a statement of account. Now the company should be incorporated. It takes roughly 2 days to have the company registered.
If the applicant is able to stay in Panama for this whole time, we can file the application right away and obtain the provisional residence permit and multiple entry and exit permit (this last one is necessary to leave the country while the visa is being processed as otherwise, upon the return, the applicant can be penalized with a fine of US$ 2000).
The second visit will be required to get your permanent resident card (once the visa is approved).
Our legal fees.
Our legal fees are US$ 3500 + 7% service tax for the main applicant, plus US$ 900 + 7% service tax per dependent.
The company may be dissolved or transferred to another person after the Permanent Residence Visa is granted.
To open an account you will need to travel to Panama and visit the bank. Having a bank account is necessary for the visa. 
Please get in touch with us if you wish to proceed with obtaining a permanent residence permit in Panama. We will provide detailed instructions and all necessary information.

Friendly Nations Countries List:


Andorra, Argentina, Australia, Austria,
Belgium, Brazil,
Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic,
Denmark,
Estonia,
Finland France,
Germany, Great Britain, Greece,
Hong Kong, Hungary,
Latvia, Liechtenstein, Lithuania, Luxembourg,
Malta, Mexico, Monaco, Montenegro,
Netherlands, New Zealand, Norway,
Paraguay, Poland, Portugal,
Republic of Korea,
San Marino, Serbia, Singapore, Slovakia, South Africa, Spain, Sweden, Switzerland,
Taiwan,
Uruguay, USA.