Self-Economic Solvency through Mixed Investment (Fixed-Term Deposit and Real Estate)
Foreign nationals who invest the amount of THREE HUNDRED THOUSAND DOLLARS (USD 300,000.00) partially in real estate and partially in a fixed-term deposit may apply for this type of residence permit.
Requirements:
- Power of Attorney and Application (Notarized and bearing the corresponding fiscal stamps).
- Three (3) photographs.
- Duly certified copy of the passport (Notarized or certified by the corresponding authority).
- Criminal Background Certificate.
- Medical certificate.
- Sworn Personal Background Declaration Form.
- Certification from the Public Registry proving personal ownership of the real estate property by the applicant. The certification must indicate that the property is free of encumbrances.
- Bank certification confirming the opening of a fixed-term deposit account in the applicant’s name, with a minimum term of three (3) years, in any bank within the national territory. This deposit must be free of encumbrances.
- The combined value of the Public Registry certification for the real estate property and the bank certification for the fixed-term deposit must total a minimum of THREE HUNDRED THOUSAND DOLLARS (USD 300,000.00), free of encumbrances.
- Authenticated copy of the fixed-term deposit certificate issued by the bank.
This residence permit is granted for a period of two (2) years, after which the applicant may request permanent residency.
To apply for Permanent Residency, the above requirements must be submitted with the exception of the Criminal Background Certificate and the payments to the National Treasury and the National Immigration Service.