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Be careful when buying a second passport (2nd passport). First thing to look for are the laws that contain the spelling out the program you are considering. If there are no laws, run way. If you are told about a special program, not for everyone, run.

Next make sure when buying a second passport (2nd passport) you will be going physically to the immigration department or a consulate of the country for processing, photographs and fingerprints. This will greatly cut down the odds of a scam. Normally, the country will want to know who you are, and like to see and copy a valid passport as a minimum.

Panama is an excellent country for a second passport (2nd passport).

The new passport are digital.

There are second passport and second citizenship programs in other countries, but Panama has the only immigration program that provides a true Second Passport. This passport is fully legal and it lasts for 5 years, renewable.

By means of Executive Decree No. 320 of August 8th, 2008, as amended by Executive Decree No. 26 of March 2, 2009, Panama grants a second passport and residence to applicants that establish a time deposit at National Bank of Panama, provided that this deposit produces a minimum of only US$850.00 per month in interest.

We have found that this Panama Second Passport has been useful for Russian & CIS, Middle East and other nationalities with restricted entry into EU. With the Panama Second Passport, they can enter most EU countries without Visa and without any invitation letters.

One important advantage when they travel with this Passport is that Panama has Visa-Free agreements with 40 countries. A list is here http://www.businesspanama.com/specials/visa_free_countries.php

Right now, the deposit must be for US$350,000 to produce the US$850.00 in monthly income that you need to show to the government. Please note that the amount of this deposit will depend on the rate of interest paid by the Bank at the moment when the time deposit is created and we recommend you to always consult with us to confirm this.

This deposit for US$350,000 covers the Principal (father/husband) and dependants.

This passport also grants permanent residence.

The time deposit must be for 5 years to match the duration of the passport. The passport can be renewed every 5 years, if you renew the time deposit for an equal period.

The advantage of this program is that the client will get a passport almost immediately and the time deposit as well as the interest income is in their name. The deposit is secure in the National Bank of Panama which is the state bank of the Republic of Panama.

The whole procedure may take from 2-3 months depending on the nationality of the applicant, counting from the date that the bank deposit is created and we receive all required documentation and funds.

If you want to learn the requirements for the Panama Second Passport, please Click Here.

• All legal and other services for representing you before Panamanian immigration and other authorities and preparing and filing all documents
• All necessary contacts and arrangements to identify real estate or business opportunities in Panama to obtain residency.

For more information, please click here to contact us.

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