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Panama residency routes:

• Friendly Nations Visa - now requires economic tie (employment, real estate, or investment)
• Qualified Investor Visa - qualifying investment thresholds
• Pensionado / Retiree Visa - qualifying pension income
• Family routes

Bahamian residency routes:

• Economic Permanent Residence - qualifying property investment
• Annual residence permits for HNW
• Work permits - employer-sponsored
• Family routes

Italian residency routes:

• Elective Residency Visa - passive income, no employment in Italy
• Self-employment visa (within quota)
• Entrepreneur visa
• Investor visa
• Digital nomad / remote worker - for qualified professionals

Flat-tax regime (Article 24-bis) and impatriate regime may apply.

Panamanian corporations (SA) and Private Interest Foundations are widely used. Beneficial ownership reporting, CRS / FATCA compliance, and substance discussions have become material; planning must reflect current standards.

IBCs (International Business Companies) are widely used; substance and reporting are now real. Funds and family-office structures are common.

SRL (Limited Liability Company) and SRL Semplificata are the standard structures. Italian tax residency triggers worldwide reporting; the flat-tax regime for new residents (article 24-bis) and the impatriate regime may apply to eligible individuals.

Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.

Banking is selective and source-of-funds focused. Bordercase coordinates introductions through current partners.

Resident banking is straightforward; corporate banking and certain non-standard structures require coordination. Bordercase introduces banking partners where useful.

Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.

Family inclusion is supported on most routes. International schools are concentrated on New Providence.

Family reunification is supported. Public and private schools are widely available; international schools are concentrated in major cities.

Risks Bordercase watches for in Panama:

• Reputational / de-banking risks for poorly structured offshore-only setups
• Tax residency analysis for clients with other obligations (CRS / FATCA)
• Processing delays at Migration
• UBO reporting is now active

Risks Bordercase watches for in the Bahamas:

• Economic substance reporting
• Property due diligence
• Reputational handling around offshore structures

Risks Bordercase watches for in Italy:

• Tax residency triggers
• Flat-tax regime eligibility and possible revocation
• Regional administrative variation
• Language and bureaucratic friction
• Impatriate regime conditions vary

Typical Panama documents:

• Passport
• Criminal record certificate (apostilled)
• Proof of economic tie (employment letter, property deed, or investment evidence)
• Proof of address
• Marriage / birth certificates for family

All documents apostilled and translated where required.

Typical Bahamian documents:

• Passport
• Source-of-funds evidence
• Health and police clearances
• Apostilled foreign documents

Typical Italian residency documents:

• Passport
• Criminal record certificate
• Proof of income (significant for elective residency)
• Health insurance valid in Italy
• Accommodation evidence
• Codice fiscale (tax number)

Apostille and certified Italian translation where required.