About the Panama International Second Passports, if you are looking to obtaining a second passport quickly, the only immigration program that provides that is the Panama Second Passport Program. This passport is great because is granted almost immediately and it lasts for 5 years, renewable.
We have found that this Passport has been useful for Russian, Ukrainian, Middle East and other nationalities with restricted entry into EU. With the Panama International Second Passport, they can enter most EU countries without Visa and without any invitation letters.
We have assisted more than 20 Russian, Venezuelan, Middle East clients who are satisfied with the Passport.
As stated in the requirements, the client will need to open a time deposit with the National Bank of Panama for US$373,000 that will produce a reasonable monthly revenue.
This passport does not grant citizenship. This passport also grants residence, if the client wishes, but it is not required.
This passport includes all the family and children up to 18 years.
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.
Please note that opening of the time deposit involves a series of requirements.
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 the name of the client. The deposit is secure at the National Bank of Panama which is the state-owned bank of the Republic of Panama.
The whole procedure may take 6 months counting from the date that the bank deposit is created, and we receive all required documentation and funds.
We can help you with the whole procedure.
For citizens from Asia, Middle East and Africa please click here.
The BusinessPanama Group offers you a Complete Immigration Solution by providing you with the following services:
For more information, please contact us.
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