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  • 1 Post By globaltreker

Thread: Friendly Nations Visa

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    Friendly Nations Visa

    Mr. Martinelli has now included Costa Rica:

    Decreto Ejecutivo N° 548 (de 14 de mayo de 2013)

    Makes you wonder if he will take the step and add Venezuela or Colombia soon.....

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    Lightbulb Re: Friendly Nations Visa

    Quote Originally Posted by holl1 View Post
    Mr. Martinelli has now included Costa Rica:

    Decreto Ejecutivo N° 548 (de 14 de mayo de 2013)

    Makes you wonder if he will take the step and add Venezuela or Colombia soon.....
    What did you expect? ... and of course he will! This visa program simply does not work.
    The expected millions of baby boomers stay away.

    People are not stupid or simply not able to buy in this overpriced market.
    Hell, it's Panama and not Manhattan or Singapore.

    The responsibles are so desperate for getting buyers for the overbuild condo market that they would accept the whole world ... excluding Afghanistan, Iraq and North Korea of course.
    And if necessary ... might be they selling old aunty Esmeraldas soul for satisfying the money-grubbing.

    These guys lost the grip on reality.
    They have no clue what Mr. and Mrs. Average can pay for a property and if he/she can pay,
    are they willing to pay this prices
    ?????

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    Re: Friendly Nations Visa

    Quote Originally Posted by levelheaded View Post
    What did you expect? ... and of course he will! This visa program simply does not work.
    The expected millions of baby boomers stay away.

    People are not stupid or simply not able to buy in this overpriced market.
    Hell, it's Panama and not Manhattan or Singapore.

    The responsibles are so desperate for getting buyers for the overbuild condo market that they would accept the whole world ... excluding Afghanistan, Iraq and North Korea of course.
    And if necessary ... might be they selling old aunty Esmeraldas soul for satisfying the money-grubbing.

    These guys lost the grip on reality.
    They have no clue what Mr. and Mrs. Average can pay for a property and if he/she can pay,
    are they willing to pay this prices
    ?????
    Do you really think that Costa Rica was added to the list in order to encourage them to buy real estate? Do you really think everything is done for the sake of real estate? Have you lost your mind?
    Try to do something with that complex you have regarding Panamanian real estate, or else you're going to suffer a heart attack soon.

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    Re: Friendly Nations Visa

    Quote Originally Posted by levelheaded View Post
    What did you expect? ... and of course he will! This visa program simply does not work.
    The expected millions of baby boomers stay away.

    People are not stupid or simply not able to buy in this overpriced market.
    Hell, it's Panama and not Manhattan or Singapore.

    The responsibles are so desperate for getting buyers for the overbuild condo market that they would accept the whole world ... excluding Afghanistan, Iraq and North Korea of course.
    And if necessary ... might be they selling old aunty Esmeraldas soul for satisfying the money-grubbing.

    These guys lost the grip on reality.
    They have no clue what Mr. and Mrs. Average can pay for a property and if he/she can pay,
    are they willing to pay this prices
    ?????
    Most people with Money have it because they are smarter than the average person (there are exceptions). People who have earned their money usually can recognize value and that is what is missing from the Panama Real estate market..VALUE!!!!
    levelheaded likes this.

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    Re: Friendly Nations Visa

    Quote Originally Posted by Romeo View Post
    Do you really think that Costa Rica was added to the list in order to encourage them to buy real estate? Do you really think everything is done for the sake of real estate? Have you lost your mind?
    Try to do something with that complex you have regarding Panamanian real estate, or else you're going to suffer a heart attack soon.
    Each dollar counts and each sold apartment!
    The officials think that people from CR like to hide also money in a Panama corporation.

    Guys you are so desperate because you see that your calculation "getting rich without working" is again not working that you will do try even more to attract new victims for you overpriced offers. Only therefore some of you are in this forum.

    In a Casino Capitalism only a handful of people are getting rich.
    You and you friends here belongs definitively not to this group and you will simply loose. Get used to it!
    Don't play such games and you will be fine. I know enough victims personally.

    I know several people which was lying to attract people to come until they stopped their Business in Panama and left the country, because it was a disaster.
    But after then they came up with the plain truth: Quality of life down and a loss of money.
    Now the situation is partly worse.

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    Re: Friendly Nations Visa

    Quote Originally Posted by levelheaded View Post
    Each dollar counts and each sold apartment!
    People from CR like to hide also money in a Panama corporation.

    Guys you are so desperate because you see that your calculation "getting rich without working" is again not working that you will do try even more to attract new victims for you overpriced offers. Only therefore some of you are in this forum.

    In a Casino Capitalism only a handful of people are getting rich.
    You and you friends here belongs definitively not to this group and you will simply loose. Get used to it!
    Don't play such games and you will be fine. I know enough victims personally.

    I know several people which was lying to attract people to come until they stopped their Business in Panama and left the country, because it was a disaster.
    But after then they came up with the plain truth: Quality of life down and a loss of money.
    Now the situation is partly worse.
    First of all Costa Ricans can buy apartments inside a corporation without applying for that visa. You don't know what you're talking about, I think you have completely gone insane. And hopelessly so.
    And if you lost money, trust me I sympathize with you, but get over it or else it's gonna hurt your health. After all, a person's health is more important than money.

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    Re: Friendly Nations Visa

    They want the Costa Ricans to move here to buy property, rent property and work and pay taxes. Probably in that order. Plus they like the $5,000 that is tossed into the Panamanian economy by simply applying for it. Either way they win.

    Any foreigner can buy property in Panama using only the passport number. You don't even need a tax payer ID number.

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    Re: Friendly Nations Visa

    Quote Originally Posted by Romeo View Post
    First of all Costa Ricans can buy apartments inside a corporation without applying for that visa.
    ...
    ..
    This visa is made for average people with some money.
    The rich or real wealthy people never needed this visa.

    But average people like to stay a bit closer to that place where the have property.
    This is a very normal psychological behavior.
    And no, I didn't lose money in the property market, simply because I'm not crazy enough to buy stupid.

    Insulting me for undermining my post shows how angry and maybe desperate you are about the truth.

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    Re: Friendly Nations Visa

    Quote Originally Posted by levelheaded View Post
    This visa is made for average people with some money.
    The rich or real wealthy people never needed this visa.

    But average people like to stay a bit closer to that place where the have property.
    This is a very normal psychological behavior.
    And no I didn't lose money in the property market, simply because I'm not crazy enough to buy stupid.

    Insulting me for undermining my post shows how angry and maybe desperate you are about the truth.

    Anybody who reads my posts and yours can see who exactly is the angry person and the one insulting others.
    As I told you, get over your loss, you are destroying yourself.

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    Re: Friendly Nations Visa

    Here you can see the extent of it:

    http://www.migracion.gob.pa/images/N...RESIDENCIA.pdf

    It really seems to be more of marketing jingle than anything serious given the numbers.

    3,361 visas for the first 4 months out of the year of which 429 were friendly nations visas.

    One thing to keep in mind about friendly nations visas is that a lot of people with other pending visas switched mid-process.

    140 retirement visas in 4 months is nothing.

    No wonder they have the visa fairs at the stadium. They simply cannot get people to move here permanently.

    Quote Originally Posted by levelheaded View Post
    This visa is made for average people with some money.
    The rich or real wealthy people never needed this visa.

  11. The Following User Says Thank You to holl1 For This Useful Post:

    levelheaded (06-18-2013)

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    Re: Friendly Nations Visa

    Quote Originally Posted by Romeo View Post
    As I told you, get over your loss, you are destroying yourself.
    Don't worry about my health condition, I'm not the one who sticks in this casino market!
    But I know enough Panamanians who are pretty angry about what is going on and they can't afford their own land or life in their city.
    In the end you guys will have to deal with them, not with me.

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    Re: Friendly Nations Visa

    Quote Originally Posted by holl1 View Post
    Here you can see the extent of it:

    http://www.migracion.gob.pa/images/N...RESIDENCIA.pdf

    It really seems to be more of marketing jingle than anything serious given the numbers.
    As far as I know the opposition party was very worried about this visa.
    They supposed that Panama would be swamped with foreigners and a lot of negative consequences.

    To the figures, In my opinion could Panama achieve dramatically better results when they would regulate the property market better. People who decide for Panama spend monthly in average $1200 - $2000 in the country and this for years.
    An expensive sold property brings the country not that much, but keeps the majority of interested people and even investors away.

    429 are absolutely insufficient and I suppose that this figures will decline because people who was waiting for years for such a chance are still in this queue now.

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    Re: Friendly Nations Visa

    Panama has 19.17 births per 1,000 people every year. At 3.5 million that comes out to 67,095 per year. Baby boomers not coming any time soon here I take it.....

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    Re: Friendly Nations Visa

    The numbers are ridiculously low. 12 solvency visas per month approved? 24 retirees per month debarking the ship? 103 friendly nations visa per month?

    I have personally met more expats leaving than that.

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    Re: Friendly Nations Visa

    Quote Originally Posted by holl1 View Post
    The numbers are ridiculously low. 12 solvency visas per month approved? 24 retirees per month debarking the ship? 103 friendly nations visa per month?

    I have personally met more expats leaving than that.
    They are lucky to have 12 solvency visas per month. Why would anybody tie up $300k when they can easily have the friendly countries visa.

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    Re: Friendly Nations Visa

    Solvency is better if you have a 300k condo of course. It's any combo of CDs and real estate.

    Friendly nation is $1,000 more expensive as it requires a corp on the side.

    Quote Originally Posted by Romeo View Post
    They are lucky to have 12 solvency visas per month. Why would anybody tie up $300k when they can easily have the friendly countries visa.

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    Re: Friendly Nations Visa

    Quote Originally Posted by holl1 View Post
    Solvency is better if you have a 300k condo of course. It's any combo of CDs and real estate.

    Friendly nation is $1,000 more expensive as it requires a corp on the side.
    But, with the friendly countries visa, you don't have to tie up 300k. And don't forget that the solvency is temporary as far as I remember. The moment you cash your CD or sell your property, you lose the visa.
    Last edited by Romeo; 06-18-2013 at 09:04 PM.

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    Re: Friendly Nations Visa

    If the stats hold up Panama will process 288 retirement visas for the entire year of 2013. That's world-wide, anyone from any country of earth (as far as I know) that can show a monthly pension of $1,000 per month. At first I thought it was a joke, but one can only but conclude that legal immigration is irrelevant to Panama's population growth or demographic change.

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    Re: Friendly Nations Visa

    Quote Originally Posted by Romeo View Post
    But, with the friendly countries visa, you don't have to tie up 300k. And don't forget that the solvency is temporary as far as I remember. The moment you cash your CD or sell your property, you lose the visa.
    You a right ,sell the real estate or cash the CD and your visa is closed ,but the part about the 300k is not all bad . ln Panama they do pay interest which you dont find in North America

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    Re: Friendly Nations Visa

    And people need to remember Panama is not the only country in the world to retire too . Also the world economy is getting worse ,not better as the spin misters want people to believe The speculators in Panama will not fair well in the future ,but mom and pop should do okey if they are looking for a place to retire

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    Re: Friendly Nations Visa

    Quote Originally Posted by holl1 View Post
    If the stats hold up Panama will process 288 retirement visas for the entire year of 2013. That's world-wide, anyone from any country of earth (as far as I know) that can show a monthly pension of $1,000 per month. At first I thought it was a joke, but one can only but conclude that legal immigration is irrelevant to Panama's population growth or demographic change.
    Compared to previous years, has it decreased a lot? Do you have the numbers for previous years?

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    Re: Friendly Nations Visa

    No, the statistics department only keep the last 4 months on file..... as you can see if you go to their website.

    Quote Originally Posted by Romeo View Post
    Compared to previous years, has it decreased a lot? Do you have the numbers for previous years?

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    Re: Friendly Nations Visa

    It makes little sense to buy a visa when you can live here full time on passport. There are plenty of people operating businesses here only on a passport, just use a pana as a front man. You can also live in the interior illegal for a year then attend an immigration moratorium and get a visa super cheap. That is what all the Hispanic illegals do!!

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    Re: Friendly Nations Visa

    No you don't. There is no communication between the bank and immigration forcing the bank to do anything after your permanent residency has been issued. You maintain your legal status even after you sell or terminate the CDs. Show me one case that says otherwise!

    Quote Originally Posted by Romeo View Post
    The moment you cash your CD or sell your property, you lose the visa.

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    Re: Friendly Nations Visa

    Friendly nations visas from the date of filing currently take 2.5 months to process roughly (assuming the attorney made no mistakes and no specific questions were raised). That is from the first temp residency card. It will of course take 2-3 months to do the prep-work and maybe 2-3 months to get the cedula, not to mention the work permit!

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    Re: Friendly Nations Visa

    even if you have all the paperwork done
    you are not allowed to work without hiring many locals
    and you will pay lots of taxes and property taxes
    everything is like in the US
    no guarantees but many restrictions

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    Re: Friendly Nations Visa

    Alright let's get down to the brass tacks about this " Friendly Nations Visa". Here in Las Tablas there has been a mad rush of late by people who have been here for some time to apply for this Visa. The reasons vary but for most it is related to the ability to open a business and drive here without leaving the country every 3 months. I see the value in my Pensionado Visa because I receive discounts on purchases I make here but don't see the real value in this Friendly visa which costs about 4k to get. I think it is easier to leave the country every 6 months and just live here on a passport.
    For those who make the argument that they need the new Visa to open a business or work here I say that is bullshit. Here in Las Tablas there is a little hamburger stand that is owned and operated by a gringo who goes by the alias "Ponchalos". He has been living and operating a business in plain site with nothing more than a passport for years!! He has employees, pays for advertisements and is actually physically there cooking, serving and receiving the money directly in to his hand. Why, I ask, would anyone want to pay 4k for a "Friendly Visa" when you can just live here for years and own and operate a business in plain site??? Panama is known for it's corruption and it is rampant here in Las Tablas, so why put 4k into the black hole that is the Panama Govt when you can just bribe the police and local officials like Ponchalo's does and live here indefinitely???? These young guys think they need this new Visa but the truth is that, as proof by Ponchalo's that a Tourist Visa and Passport is all you need to live and run a business here. I welcome your reply's and thoughts. G.

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    Re: Friendly Nations Visa

    imagine some unpredicted event happens
    it's alwasy better to have legal status
    no matter where you are



    Quote Originally Posted by Bill Your Las Tablas Car Guy View Post
    Alright let's get down to the brass tacks about this " Friendly Nations Visa". Here in Las Tablas there has been a mad rush of late by people who have been here for some time to apply for this Visa. The reasons vary but for most it is related to the ability to open a business and drive here without leaving the country every 3 months. I see the value in my Pensionado Visa because I receive discounts on purchases I make here but don't see the real value in this Friendly visa which costs about 4k to get. I think it is easier to leave the country every 6 months and just live here on a passport.
    For those who make the argument that they need the new Visa to open a business or work here I say that is bullshit. Here in Las Tablas there is a little hamburger stand that is owned and operated by a gringo who goes by the alias "Ponchalos". He has been living and operating a business in plain site with nothing more than a passport for years!! He has employees, pays for advertisements and is actually physically there cooking, serving and receiving the money directly in to his hand. Why, I ask, would anyone want to pay 4k for a "Friendly Visa" when you can just live here for years and own and operate a business in plain site??? Panama is known for it's corruption and it is rampant here in Las Tablas, so why put 4k into the black hole that is the Panama Govt when you can just bribe the police and local officials like Ponchalo's does and live here indefinitely???? These young guys think they need this new Visa but the truth is that, as proof by Ponchalo's that a Tourist Visa and Passport is all you need to live and run a business here. I welcome your reply's and thoughts. G.

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    Re: Friendly Nations Visa

    Quote Originally Posted by macssam View Post
    imagine some unpredicted event happens
    it's alwasy better to have legal status
    no matter where you are
    True, true!

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    Re: Friendly Nations Visa

    Panama is corrupt at all levels so it is possible to work under the table here. I think if someone is running a Restaurant illegal the locals will shut him down once they learn he is illegal, they don't want competition and even less from a foreigner. Selling hamburgers is so over done down here you would think a first world gringo would at least have an original idea for a business here? I also see no reason to get a visa here when you can just cross into Costa Rica for 15 minutes every 6 months.



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