PERMANENT RESIDENCY INFORMATION
Friendly Nations Visa - Permanent Residency
If you are a citizen of Peru, Mexico, Costa Rica, Argentina, Chile, Paraguay, Uruguay, Brazil, Canada, the United States, or even if you have dual nationality from European countries such as Spain, Portugal, France, and Italy, among others..., this program is for you!
How can you obtain residency in Panama under this program? You have three options! You can buy a property, open a bank account in Panama, or create a company and become self-employed. This way, you can maintain your residency status and enjoy all the benefits of living in Panama.
About Friendly Nations Visa
Residency by Investment
If the applicant requests his residency for the "purchase of a property in his name (or in the name of an entity) with a price of USD$200,000", he must:
First, open a personal bank account in Panama.
Transfer the funds for the purchase of said property to your account in Panama; and
Acquire and finally register the property in your name in the Panamanian Public Registry.
Finally apply to Residency.
Bank Account Residency
If the applicant requests his residence for the "opening of a Fixed Term bank account", apart from the necessary bank forms, passport and copy of second identity; You must deposit "200,000 USD$ in your 3-year account" in a local Bank. For this, the bank will request "evidence of income in your country", understood by this:
Income Statement or Employment Letter from your country.
Once the term has been deposited, the migrant can apply to the National Immigration Service of Panama.
Residency for Self-employment
Given the situation that the emigrant, a national of a friendly country, has a job offer in Panama, and the Panamanian company complies with the rule of 10% of workers on a local payroll, or the migrant forms his own company and "self -hire", you can obtain this residence in Panama, with the presentation of the following:
Commercial business license in Panama
Certification of existence of the company in Panama
And other basic documents necessary for residency.
List of Friendly Nations for Panama Visa
Look no further if you are looking for a country to establish residency! Join the thriving community of international residents who have chosen to make this beautiful country their home.