Panama Migration
Services | Residency Programs Overview
In order
to promote the investments and tourism in the country the Panama
government has created selected visa programs of special
benefits for foreign residents and retirees planning to obtain
temporary or permanent residency, and in some cases citizenship
and Panama passports.
Kindly
find below the main migration programs in Panama.
Retiree
Visa
Requires
for the interested party to establish a Time Deposit (Term
Deposit) in the National Bank of Panama (Banco Nacional de
Panama), for a period of at least (5) five years, for an
amount that would generate a monthly interest of at least
US$750.00 (estimated amount US$200,000.00) amount that would be
considered the retirees monthly income.
Key
Benefits:
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Permanent residence after 15 years of applying for the
provisional residence permit. |
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A
special Panama Passport (this does not mean Panamanian
citizenship). |
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Tax exemptions and discounts in diverse services offered
in Panama. |
Pensioned
Tourist Visa
The
interested party shall be pensioned or retired by a foreign
government, private company or international organization. It is
required for the applicant to receive a monthly income or
pension of at least US$500.00 and an additional US$100.00 for
each dependant.
Key
Benefits:
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Permanent residence once the person applies. |
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Tax exemptions and discounts in diverse services offered
in Panama. |
Self-Economic Solvency Visa
The
interested party must choose one of the three next alternatives
in order to apply for this visa:
-
Time
Deposit: To establish a Time Deposit (Term Deposit) in a
Panama local Bank, for a minimum period of two (2) years,
for minimum amount of US$200,000.00.
-
Real
Estate Investment: To purchase real estate property in
Panama. Must be under its personal name, for a minimum value
of US$200,000.00 and submit proof of economic solvency to
cover its daily living expenses.
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Time
Deposit + Real Estate Investment: To purchase real estate
property in Panama. Must be under its name, for a minimum
value of US$80,000.00 and to establish a Time Deposit (Term
Deposit) in a Panama local Bank, for a minimum period of two
(2) years, for minimum amount of US$120,000.00.
Key
Benefits:
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Permanent residence after 1 year of applying for the
provisional residence permit. |
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Right to the official Panamanian identification card. |
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Option of applying for the Panamanian Nationality after
(5) years of having the permanent residency. |
Small
Business Investor Visa
Designed
for those who wish to establish a real business in Panama. This
visa program requires an investment of a minimum amount of
US$40,000.00 and a maximum of US$150,000.00. There must be
a minimum of three, permanent Panamanian employees hired.
Note: Some businesses and
professions are limited to Panamanians only.
Key
Benefits:
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Permanent residence after (4) four years of applying for
the provisional residence permit. |
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Right to the official Panamanian identification card. |
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Option of applying for the Panamanian Nationality after
(5) five years of having the permanent residency. |
General
Requirements for Visa applications
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All visa applications must be made through a Panamanian
lawyer or a Panama Law Firm. |
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There is no age limit required for applying for any of
these visas, save for the minimum legal age of 18 years.
Young people under 18 years will qualify for a visa as
dependents of their parents. |
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All foreign documents to be presented to the authorities
in Panama must be authenticated by a Notary, and in
addition by a Panamanian consulate or Apostille. |
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All documents must be recent (within three months of
visa application) and passports must have at least one
year for expiration. |
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Dependents: Bring a marriage certificate. If your
children under 18 are to be covered by your visa, you’ll
need to bring recent birth certificates. |
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All visa applications require for the applicant you
obtain a health certificate and HIV test in Panama. |
Additional
document may be required. Please contact us for any further
information or assistance regarding the above mentioned
immigration programs.
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