Panama

 

Panama’s immigration law defines different types of permanent residency permits (visas) that provide to the applicant diverse benefits, including the possibility to obtain a Panamanian passport, permanent residency and citizenship.

Panama passport allows you to travel to an average of 110 countries, as you may verify in links below.   https://embassy-finder.com/travel-with_panama_passport

Advantages:

  • Possibility to opt for tax residency.
  • Possible access to the benefits of Double Taxation Agreements signed by Panama.
  • Eligibility for permanent residency status.
  • Eligibility to obtain a Panamanian passport.

 

INCOME‐BASED RETIREE

To qualify for this permit the applicant must have a monthly income of eight hundred and fifty dollars (US$850.00) exclusively originated from interests produced by a fixed term deposit, free of any liens or warranty of any nature for a minimum period of five (5) years. The fixed term deposit must be made in “Banco Nacional de Panamá” or “Caja de Ahorros” (Panama’s national banks).

RETIRED PENSIONER

An applicant, receiving a minimum lifetime rent or pension of US$1,000 per month, is eligible for this permit.

SELF‐ECONOMIC SOLVENCY

An applicant can qualify for this permit by complying with one of the following investment options:

  • Investing in Panamanian real estate with a minimum value of US$300,000.
  • Investing in a fixed term deposit in a Panama bank with a minimum amount of US$300,000 for a minimum period of three (3) years.
  • Realizing a shared investment in real estate property and fixed term deposit, that adds up to a minimum amount of US$300,000.

BUSINESS INVESTOR

Investors who wish to conduct commercial activities and establish their residence in Panama can apply for a permit based on the company’s capital.

Basic Requirements:

  • Ownership of a Panamanian company with a minimum authorized capital of USD$160,000.
  • The issued capital must be paid up, and free of liens or warranty of any nature.
  • The Panamanian company must have a minimum of five (5) employees.

 

Education - This is a contributing Drupal Theme
Design by WeebPal.