Do you need a Permanent Residence Visa in Panama?
Almanza y Almanza is a Panamanian law firm, with more than 25 years of history. We are experts in Immigration Law, with more than 500 applications for permanent residence permits approved in the last 3 years and with 100% effectiveness.
Friendly Nations Visa
Welcome
This permanent Visa was created by Executive Order 343 of May 16, 2012 and modified by Executive Decree No.226 of July 20, 2021, also known as “Friendly Nations Visa”. Citizens of the following 50 countries can obtain residency in Panama: Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece , Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Monaco, San Marino, Montenegro, Netherlands, New Zealand, Norway, Paraguay, Peru, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom (Great Britain & Northern Ireland).
After the last modification made to this permit in the month of July 2021, the applicant will first be granted with a Provisional Residence Permit for a period of 2 years, so once this period has expired they can opt for the Definitive Residency Permit. The applicant must demonstrate their requirement for this Residency Permit by any of the following reasons:
- For labor reasons, with the contribution of a letter of employment, certification of the Public Registry of the employing company and Notice of Operation of the employing company.
- For reasons of investment in real estate, with the contribution of the certificate of the Public Registry of Panama, where it is verified that the applicant has acquired a property with a minimum value of US$200,000.00; either as a natural person or a legal person where he is the final beneficiary of the shares, founder and final beneficiary of the private interest foundation.
- For reasons of Fixed Term Deposit in Panama, with the provision of a certification from a bank with a general license that operates in Panama, with a minimum validity of 3 years and for a value not less than US$200,000.00; either as a natural person or a legal person where he is the final beneficiary of the shares, or founder and final beneficiary of the private interest foundation.
Key Benefits
Simple requirements and simplified procedure
In approximately 6 months, the Provisional Residence Permit is obtained for a period of 2 years
After the 2 years have elapsed, you will obtain a Panama ID (cédula)
Spouse, parents and children under the age of 25 may qualify as dependents
Opportunity to apply for citizenship after 5 years
Work Permit available for this Visa
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Panama Qualified Investor Visa
(Permanent Residency in 30 days)
The Executive Decree 722 of October 15, 2020, created a new category of permanent residence for economic reasons. Through this program, the applicant can become a permanent resident in 1 month, making any of the following investments in Panama:
- Properties Invest US$300,000, free of liens.
- Investment in the Panamanian Stock Market: Purchase securities through a qualified and licensed Panamanian brokerage firm, for US$500,000 or more.
- Fixed term deposit in the Banking Sector: open a time deposit of US$750,000 or more, free of liens, in a qualified Panamanian bank.
- Pay the Panamanian State US$5,000.00 as Repatriation rights and an additional US$5,000.00 in migratory rights.
Key Benefits
Permanent residence in 30 days
Ability to live, work and study in Panama and gain access to health and welfare systems provided by the Panamanian government upon approval
Spouse, parents and children under the age of 25 may qualify as dependents
Opportunity to apply for citizenship after 5 years
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Other services offered
Retired Visa
This program allows foreigners to obtain legal permanent residency in Panama under the condition that they are retired or pensioned.
According to the Immigration Department of Panama, there is no minimum age required to qualify. The applicants’ retirement income (or pension income) must be at least a lifetime US$1,000 per month plus US$250.00 per additional dependent.
Pensioner Visa
This Visa is for retirees or pensioners, without a minimum age requirement, to obtain permanent residence in Panama.
This Visa also allows the applicant to have all the benefits granted to the Panamanian retiree.
Macro Business Investor Visa
This Visa is designed for foreigners who invest directly in a Panama company. It offers attractive investment parameters to establish a business in the country and legalizes the status of a foreigner as an investor.
It also allows the applicant to become a Panamanian citizen after being a permanent resident for 5 years.
Self- economic solvency visa
This permanent permit is for those who wish to live permanently in Panama, by their own means.
This visa allows the applicant to become a Panamanian citizen after being a permanent resident for 5 years.
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