Quote:
Originally Posted by craigguy
I have been thinking more and more of moving to Panama. It would be great if I could get there through buying a house. Does it count if you buy the house with a mortgage?
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That is something that you would have to research yourself. Start checking out that Panama immigration pages, a little google goes a long way!
IMO, it probably wouldn't count if you bought a house with a mortgage, since you are only putting down a portion of the investment and not the entire amount. It seems that the entire point of putting down a large sum of money is to demonstrate that you are commited to spending all of your time in Panama; In living there you will spend money on food/utitities/entertainment, and possibly a maid or cook, or gardner--thereby spending $$ in the local economy and possibly employing a Panamanian. These actions are obviously considered a good thing to officials.
Good luck!