NEW VISA RESTRICTIONS COME INTO EFFECT ACROSS PANAMA

The Panamanian government has issued new visa restrictions across a range of categories for international visitors to the country that will have a direct affect on agents selling Panama to overseas buyers. Effective at the start of this month, one of the main changes that will impact on Russian and other nationalities that are starting to snap up real estate in growing numbers in the country, is the permanent residency situation. A preferred method of purchase by Russian investors, a buyer will now have to purchase a property in excess of $300,000, up from $200,000 in August. Previously UK, European … Continue reading NEW VISA RESTRICTIONS COME INTO EFFECT ACROSS PANAMA