Panama is a country full of opportunities with numerous tax and legal incentives for local and foreign investment. It is a nation with great stability, with a strong banking system and important projects like the Panama Canal expansion. These advantages, and being the Central American economy with major growth in the last year, makes Panama a destination for new investors and for those that wish to make this nation their second home.
As a result, there has been an increase in the number of foreigners coming to this country (investors, tourists and retirees of other countries). Because of this immigration phenomenon the Panamanian Government has approved a new law of immigration. This is Law N� 3 of February 22, 2008, duly regulated by Executive Decree N� 320 of August 8, 2008. Through these new regulations, different immigration categories were included, each one with its own requisites. This change has brought more legal certainty due to the clear rules which should help to avoid free interpretation of the requests presented to the National Service of Immigration.
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