Uglobal Immigration Magazine Volume 2, Issue 1 | Page 109

UGLOBAL.COM visit once every two years, residency can be suspended. Af ter five years of permanent residency, residents are eligible to apply for citizenship. Residents are required to undergo a proficiency test in Panama’s history, geography and politics, conducted in Spanish. An in-person interview is also required. Once the resolution has been approved, it will be forwarded to the president’s office to be signed. The process can take one to five years to complete. 107 “ 获得永久居民身份五年以后 民有资格申请入籍 ” 居 In conclusion, individuals looking to obtain residency abroad or a second passport have many choices. However, Panama’s compelling mix of advantages make it a preferred option for potential investors. The prospect of a business-friendly atmosphere, positive returns on investments, tax benefits and open-borders approach invites citizens from all over the world to join and partake in Panama’s prosperity. MARCOS KRAEMER Marcos Kraemer is a licensed attorney practicing law in Panama. He is the founder and managing partner of Kraemer & Kraemer, which last year celebrated 10 years of experience, trust and excellence in business, real estate, tax and immigration law. Kraemer graduated from the National University of Panama in 2006 and received his master's degree in business administration in 2008. In addition to Spanish, Kraemer is fluent in English and Portuguese, and he is a member of the Panama National Bar Association and Inter-American Bar Association. Sources / 1 https://tradingeconomics.com/panama/gdp-growth-annual 2 https://www.puntapacificarealty.com/la-maison-by-fendi/ 3 https://www.puntapacificarealty.com/panama-news/panama-city-project-wins- international-award/ 4 https://www.panamatoday.com/panama/construction-line-2-panama-metro- records-82-progress-7407 5 https://www.heritage.org/index/country/panama 6 http://www.seatrade-maritime.com/news/americas/celebrating-the-second- anniversary-of-the-panama-canal-expansion.html 7 https://tradingeconomics.com/panama/gdp-growth-annual 8 https://america.cgtn.com/2017/09/19/panama-citys-chinatown-reveals-historic-ties 9 http://tocumenpanama.aero/transparencia/data_21-05-2018-updates/Otros/pdf/ annual-report-2017-aitsa.pdf