Top 9 Permanent Residency Visas for Panama and 1 Temporary Only Visa
Documents Required For Residency Applications
Valid passport for a minimum of 6 months
5 Passport size photos (2 for registration and 3 for residency)
Payments: $250 to national treasury and $800 to National Immigration Service
Personal background declaration form
Criminal background certification (Police Record) of country of origin or where residency during last 2 years (must be national certification)
Health certificate by a licensed Docter in Panama
Register Today To Access All 29 Recordings Of The 3-Day Panama Residency And Relocation Virtual Conference.
No Marketing Hype. Listen To The Experts.
Limited Discount Offer.
Panama’s Pensioner (Retiree) Visa
Many consider the Panama's Pensionado visa as the gold standard of pensioner's visas in the world. is Anyone over 18 years of age with a lifetime pension or annuity paying a minimum of $1,000 USD per month qualifies. Another $250 must be paid per month by the annuity or pension for each dependent. The annuity or pension can be paid by a private company, military, government agencies, corporations, a bank, an insurance company, or a Trust. This Panama visa provides several discounts from movie theaters, restaurants, hotels, pharmacies, concerts, and domestic airlines along with other products or services.
Note: This visa and the Qualified Investor Program, are the only ones granting immediate permanent residency. The visas below (excluding the Qualified Investor Program) require a two year provisional temporary residency period before qualifying for permanent residency.
Friendly Nations Visa
Citizens from any of the 50 nations considered “friendly” to Panama can move here with their immediate family. To qualify, the friendly citizen can be employed in a professional capacity at a Panama professional services company, or invest in property (minimum value is $200,000 but can be financed - put $100,000 cash down and finance $100,000) in Panama in your personal name.
The 50 friendly nations are: Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Marino, Montenegro, Netherlands, New Zealand, Norway, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom (Great Britain & Northern Ireland).
The Panamanian Government has issued, through Executive Decree No. 197 of May 7th, 2021, major changes to the Friendly Nations Visa. As of 20 August 2021 the requirements for the Friendly Nations Visa has changed. It is no longer possible to obtain a permanent residency within a couple of months. A temporary residence visa will be granted for a term of two (2) years where after you can apply for a permanent visa.
Professional Employment Visa
Foreigners working for a Panama company in a “professional” capacity paying social security taxes and holding a college degree and a professional license (if required by his or her country) can become a permanent resident after two years of being a temporary resident. The term “professional” is not limited to the definition in Panama’s Constitution or the laws defining a professional for citizens.
Panama’s Reforestation Investor Visa
A minimum investment of US$80,000 in a reforestation project certified by the government including purchasing a minimum of five hectares of titled land with an additional investment of $2,000 for each dependent.
Panama’s Self Economic Solvency Visa
Three options exist to qualify for this visa created to attract wealthy foreigners and grants immediate permanent residency:
a. Minimum US$300,000 investment of equity in any Panama real estate with an additional $2,000 USD for each dependent.
b. Minimum US$300,000 investment in a 3 year Panama bank CD. An additional $2,000 deposit is required for each dependent.
c. Combining the first 2 options by investing in both a Panama bank CD and Panama real estate where the cash and equity total a minimum of US$300,000 (or foreign currency equivalent). An additional $2,000 USD must be invested for each dependent.
Panama’s Business Investor Visa
A minimum US$160,000 investment in capital stock of a Panama corporation. The foreigner can be a shareholder and/or an officer. An additional $2,000 must be invested or each dependent.
Married to a Panama Citizen Visa
This must be a valid marriage (not a sham) to a Panama citizen can apply for a permanent visa.
Register Today To Access All 29 Recordings Of The 3-Day Panama Residency And Relocation Virtual Conference.
No Marketing Hype. Listen To The Experts.
Limited Discount Offer.
Parents of Child Born in Panama Visa
The parents of a child born in Panama who is over five years old can apply for this permanent visa. The parents of future children born in Panama can apply for this permanent visa after the child’s fifth birthday.
Qualified Investor Program
The Qualified Investor program offers international investors an “expedited” (30 day process) opportunity to obtain legal permanent residency status in Panama, leading to citizenship in Panama (and a Panama passport). Applicants must choose one of the three available options: 1) Invest $300,000 in real estate; 2) Invest $500,000 in the purchase of securities on the Panama Stock Market; 3) Invest $750,000 in a time deposit at a bank in Panama (the bank must have a general banking license), for a term of five (5) years.
Short Stay Visa (Temporary Visa Only)
The Short Stay temporary visa allows remote foreign workers (digital nomads) for an extended stays of nine (9) months and can be extended for another nine (9) months (18 months total). The digital nomad can work for a recognized international corporation or for their own corporation but can't do work for any Panama corporation.
They also have to prove at least US$36,000 (individuals ) or $48,000 (families) a year in income. The interested party must also have health insurance and provide an affidavit of non-acceptance of a job offer in Panamanian territory, among others. This visa does not not lead to permanent residency.
Register Today To Access All 29 Recordings Of The 3-Day Panama Residency And Relocation Virtual Conference.
No Marketing Hype. Listen To The Experts.
Limited Discount Offer.
Want To Get In Touch With Our Recommended Immigration Lawyer
Click Button Below
© Copyright . Incredible Panama. All Rights Reserved.