Panama, with its thriving economy, attractive weather and strategic location, has become an increasingly popular destination for expats seeking a new place to call home. The country offers a variety of residency visa options that cater to different needs and preferences. As a firm that offers immigration services we are happy to shed light on the top Panama residency visas available to individuals and families looking to make Panama their new home. It’s worth mention that with the exception of the Italians, in order to keep residency active it’s important to visit Panama at lease once every two years.
1. Friendly Nations Visa (Países Amigos)
One of the most sought-after Panama residency visas is the Friendly Nations Visa. It is designed for citizens of specific countries that maintain friendly relations with Panama, which include the United States, Canada, Latin American and many European nations. To qualify, you’ll need to establish economic ties to Panama, such as starting a business obtaining a job, finding a job, investing on real estate or on a fixed term deposit on an amount of US$200,000. With this visa, you can enjoy the benefits of permanent residency, including E-cedula.
2. Pensionado Visa
The Pensionado Visa is ideal for retirees looking for a peaceful and affordable place to spend their golden years. To qualify, you must have a guaranteed lifetime pension of at least $1,000 per month. Panama offers a wide range of discounts and incentives to pensionados, including discounts on healthcare, entertainment, and transportation.
3. Self-Economic Solvency Visa
If you can demonstrate financial self-sufficiency, the Self-Economic Solvency Visa might be the right choice for you. This visa requires a minimum deposit in a Panamanian bank account, typically around $300,000, or you can invest in real estate of at least US$300,000. It’s an excellent option for individuals who can demonstrate a stable source of income from investments.
4. Qualified Investor Visa
The Investor Fast Track or Red Carpet Visa allows you to obtain residency by investing in real estate US$300,000, US$750,000 on fixed term deposit or US$500,000 on the Panama stock market. This visa opens up opportunities for entrepreneurial endeavors and provides a pathway to permanent residency. One of the main advantages is that you dont need to come to Panama to apply it can be done from far with the assistance of a Panama lawyer. Once your lawyers applies your residency will be approved in less than 30 business days.
5. Reforestation Visa
For eco-conscious individuals, the Reforestation Visa is an exciting option. By investing in a reforestation project in Panama, you can obtain residency for yourself and your family. This visa promotes environmental conservation while offering the privilege of living in Panama. Minimum investment of US$80,000 for temporary residency, US$100,000 for permanent residency andUS$300,000 for fast track investment option.
6. Marriage with a Panamanian or Panamanian Children Visa
If you are married to a Panamanian citizen or have Panamanian children of at least 5 years old, you may be eligible for this permanent type of visa. This visa allows you to live with your loved ones in Panama. It’s a wonderful option for those looking to reunite with family members or build a life together.
Conclusion
Panama’s diverse range of residency visa options provides ample opportunities for individuals and families seeking a fresh start in this vibrant and welcoming country. As a Panama immigration attorney, I have helped numerous clients navigate the complexities of these visa programs and achieve their dreams of residency in Panama.
Before embarking on your journey to Panama, it is crucial to consult with an experienced immigration attorney who can guide you through the application process and ensure that you choose the visa that best suits your needs and goals. With the right visa in hand, you can look forward to experiencing the beauty, culture, and opportunities that Panama has to offer.
If you have any questions or require personalized assistance with your Panama residency visa application, please feel free to contact our law firm. We are here to help you make your Panama dream a reality.
Disclaimer: The information provided in this blog is for informational purposes only and should not be considered legal advice. Consult with us for personalized guidance on your specific situation.
