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Panama's QIPR and Independent Means Visas on Track for Record Year · IMI Podcasts

• 0:00
  SPEAKER_00: Newly released figures from Panama's immigration authorities reveal strong demand for the country's various residents by investment programs.
• 0:09
  SPEAKER_00: Panama's independent means visa and the qualified investor permanent residency program categories may set all time records in twenty twenty four.
• 0:20
  SPEAKER_00: Investor visa approvals in twenty twenty four appear to be stabilizing following the surge in applications for the Friendly Nations Visa in late 2021 and 2022, driven by the program's price increase from$5,000 to$200,000.
• 0:39
  SPEAKER_00: The FNV saw one thousand three hundred and twelve approvals in the first five months of 2024, indicating a plateauing demand after the price adjustment.
• 0:52
  SPEAKER_00: The QIPR registered one hundred and five applications in the first five months of 2024, putting it on track to reach two hundred and fifty two approvals by year's end, a significant increase on the one hundred eighty seven approvals in twenty twenty three.
• 1:10
  SPEAKER_00: The QIPR's minimum investment threshold will rise from three hundred thousand dollars to five hundred thousand dollars in October of this year, which could lead to a surge of applications before the new price takes effect.
• 1:25
  SPEAKER_00: Panama's independent means visa, Hubilados and Pensionados, maintains its momentum from twenty twenty three, with eight hundred and nineteen approvals in the first five months of twenty twenty four alone.
• 1:41
  SPEAKER_00: This strong performance suggests the category could surpass the previous year's record of one thousand six hundred and twenty seven approvals.
• 1:51
  SPEAKER_00: Panama's approval rates for both investor and independent means visas remain exceptionally high in twenty twenty four, consistent with the trends seen in recent years, where approval rates have continuously surpassed ninety-five percent.
• 2:07
  SPEAKER_00: twenty twenty four marks the highest approval rates during the last three years in all visa categories except the QIPR, which dropped from ninety nine percent to ninety eight percent.
• 2:20
  SPEAKER_00: The data reveal that Panama's impressive average approval rates have improved, reaching ninety eight percent surpassing ninety six percent in twenty twenty two and twenty twenty three.
• 2:33
  SPEAKER_00: The fixed deposit investor visa registered a one hundred percent approval rate in twenty twenty four.
• 2:41
  SPEAKER_00: FNV approvals peaked at four thousand three hundred eighteen approvals in twenty twenty one following the price increase announcement.
• 2:51
  SPEAKER_00: Since then, the numbers have gradually decreased with two thousand five hundred and forty four approvals in twenty twenty two and two thousand one hundred and twenty in twenty twenty three.
• 3:03
  SPEAKER_00: The first five months of twenty twenty four saw one thousand three hundred and twelve approvals, suggesting that the FNV will maintain a stable interest level, albeit lower than the twenty twenty one peak.
• 3:17
  SPEAKER_00: The share of investor immigrants among all approved immigrants in Panama reached fifteen percent so far in twenty twenty four, matching the country's long-term average over the past seven years.
• 3:31
  SPEAKER_00: This episode first appeared as an article by Ahmada Bas on IMIDaily.com.
• 3:38
  SPEAKER_00: If you like data driven articles like this one, you'll love the IMI Data Center, the world's largest collection of investment migration statistics, with more than 350 graphs and charts on dozens of IM programs and markets.