I was at a conference recently where there were a lot of international people. Some of the people were discussing a project in which they were investing in teak wood in the forests of Panama. It almost sounded to good to be true.
Basically, they said we could make an investment and buy some land. With that, we could quickly apply for residency. However, we would only have to visit Panama once every two years. They also said that after five years of residency, we could apply for full citizenship.
Naturally I wondered if this was a scam. Since it involves going abroad, I doubt I would have much recourse if something bad happened.
Is it this easy to acquire residency and citizenship in Panama?
And what is it like for those of you who live there?
These people didn't seem to have many answers to what life in Panama is like. That bothered me.
I have not invested with these people. I do not know anyone who has.
Basically, they said we could make an investment and buy some land. With that, we could quickly apply for residency. However, we would only have to visit Panama once every two years. They also said that after five years of residency, we could apply for full citizenship.
Naturally I wondered if this was a scam. Since it involves going abroad, I doubt I would have much recourse if something bad happened.
Is it this easy to acquire residency and citizenship in Panama?
And what is it like for those of you who live there?
These people didn't seem to have many answers to what life in Panama is like. That bothered me.
I have not invested with these people. I do not know anyone who has.