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Cost of immigration

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michaeldon
11/30/2018 18:35 EST

Hi everyone

My first post. I have just got a random company to quote me the cost of immigration into Panama for a family of 3. I was quoted $2200 for their fees plus 1700$ to arrange a company and a company bank account into which I am supposed to deposit $5000. This will entitle me to apply for the friendly nations visa.

I know I can buy a shelf company for $900 so I am thinking I could probably also save on the cost of the visas as well.

Has anyone done this for a lower cost? What did you pay and what were the pitfalls? If you liked the professional who helped you, feel free to make a recommendation.

All the best

Mike

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chupanama
12/1/2018 05:23 EST

aaah you got the Gringo midnight special.
keep shopping around, it will get much cheaper. MUCH if you find the right people or just read about how do do things yourself.
The 5000$ deposit is correct, but you can use it after the process is over freely.

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StanleySankey
12/1/2018 09:24 EST

That is definitely on the pricey side.

When I completed my Friendly Nations visa close to 6 years ago. I used Lill Cruz. She has all her prices quoted online.

https://www.kerycruz.com/en/fee-schedule

https://www.kerycruz.com/en/visa-requirements

I have no hesitation in recommending her services.

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michaeldon
12/1/2018 14:22 EST

Hmm this is more expensive than the prices I posted. She is asking 1500$ plus $750 for each dependent. And I assume that doesn't include the cost of opening my own company.

Last night I spoke to somebody who said they did it for $800 but I was in the bar and I forgot to ask for the lawyer's contact details :)

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tmamato2001
12/1/2018 16:09 EST

Hi Mike, I would recommend POLS. Pedro Penalver does an incredible job. Check out the web site in this message and there is a fee schedule! http://www.panama-offshore-services.com/

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margieotl
12/3/2018 12:25 EST

I have been through 4 lawyers in panama is less than three years. I now ONLY use Felipe Rivera: https://allaboutboquete.com/Directory/ListingDisplay.aspx?lid=2125

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michaeldon
12/6/2018 17:49 EST

I contacted POLS and they quoted me all in work plus fees of $10 grand!

Does it rally cost that? Here is a breakdown:

Expenses:

Corporation Annual Franchise Tax (Government fee) $300.00
Public Registry and Notary costs $130.00
Check to Immigration - Repatriation $800.00

Check to National Treasury $250.00

Authentications, Notaries, Medical Certificate $400.00
Multiple Entry & Exit Visa $50.00




Check to Immigration - Repatriation $800.00
Check to National Treasury $250.00

Authentications, Notaries, Medical Certificate $400.00

Multiple Entry & Exit Visa $50.00
Authentications, Notaries, Medical Certificate $400.00

Multiple Entry & Exit Visa $50.00
7% SALES TAX (I.T.B.M.S.) $376.25


Lawyer Fees:

CORPORATION PACKAGE $1,000.00
- Original Articles of Incorporation
- Official Translation to English of Articles of Incorporation
- Notarized undated Letter of Resignation of Nominee Directors (if Nominee Directors)
- Notarized Meeting of Board of Directors
- Original Share Certificate to: "THE BEARER", [CLIENT'S FOUNDATION] or [CLIENT'S NAME]
- Notarized and Apostilled Power of Attorney
Corporation Annual Franchise Tax (Government fee)
Public Registry and Notary costs


Primairy Applicant Legal Fees-Friendly Nations $1,500.00







Multiple Entry & Exit Visa $100.00


Dependent Applicant Legal Fees $1,200.00







Multiple Entry & Exit Visa $100.00

Depdent Applicant (Under 11 years) Legal Fees $800.00





Multiple Entry & Exit Visa $100.00

Bank Account Introduction & Processing Fee $500.00


Certificate of Incorporation $75.00

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PanamaJackie
12/7/2018 15:50 EST

POLS is the most expensive immigration company in Panama.

You can do much much better.

Some lawyers post their fees on their website. You'll see it is at least 50% less than POLS.

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