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By means of Law Decree No. 16 of June 30, 1960, Panama grants permanent residence to applicants who have sufficient income to cover the expenses for all their families' needs while living in the Republic of Panama.

Now to opt for this type of Visa, the applicant will be able to choose one of the following alternatives:

• Establish a time deposit in a bank located in Panama in the amount of US$300,000.00 (minimum) for a period of 24 months; or
• Buy in his own name, a real estate property in Panama for the minimum sum of US$300,000, and provide proof of the source and sum of the revenues with which he will cover his living expenses in Panama; or
• Buy in his own name, a real estate property in Panama, plus also have a time deposit in his name, in a bank located in Panama, with a 2 year duration, for a combination of US$300,000, between real estate and deposit.

Visa Program Basic Requirement Benefits   2nd Passport   Open a CD deposit that produce US$ 850.00 interests per month. 2nd passport for travel Residency Tax free import of a car every 2 years One-time tax free import of households up to US$ 10K Discounts on goods and services The CD deposit must be opened at The National Bank of Panama for a minimum period of 5 years Current Interest rate for 5 years: 3%   Self Sufficient Funds   Option 1: Open a CD deposit of US$ 300,000.00 for 3 years in a Panamanian Bank Permanent residency Right to opt for Panamanian citizenship Option 2: Real Estate investment of US$ 300,000.00 (if property value is higher than 300K, petitioner is entitle to obtain a mortgage for the remaining amount) Option 3: Mix investment: CD deposit and Real estate investment is allowed as long they reach the amount of US$300K   Pensionado   Letter from a government pension entity, private pension administration, mutual funds administration stating that the petitioner receives a monthly pension of US$ 1,000.00 for life Permanent residency for principals Right to opt for Panamanian citizenship Tax free import of a vehicle every 2 years One-time tax free import of households up to US$ 10K Discounts on goods and services If petitioner purchase a Real estate property of US$ 100,000.00 or more , the pension could be of US 750.00 The combine pension of a marriage can be presented as long as they comply with the minimum amount of US$ 1,000.00 If the pension is paid by a private entity, the petitioner must furnished a letter from the mutual administration, pension funds administration stating that the pension are going to be paid for life.   Reforestation   Investment of US$ 80,000.00 or more on his name or through a Panamanian corporation in a reforestation field Permanent residency Right to opt for Panamanian citizenship       Foreign applicants from countries with harmonious professional, friendly, economical and/or investment relations with the Republic of Panama   Principal applicant must be part of the list of countries authorized for the program. Permanent residency in a single process Right to opt for Panamanian citizenship This program is not subject to a certain amount investment Option 1: Principal applicant must prove the economical (investment) link to the Republic of Panama. Ie. Real Estate ownership or commercial activity/business. Option 2: Principal applicant must prove a professional link to the Republic of Panama. I.e. Principal applicant must be hired to perform a management position, scientifict or other relevant position in private/public or educational institution. Note: This position may also requiere to obtain a work permit. Panamian Bank reference letter (with no less than 4 figures). Second identification card of country of origin   Permanent residency for Diplomatic and International Organization Members   Principal applicant must be part of the list of countries authorized for the above. Permanent residency in a single process This program is not subject to a certain amount investment Tax free import of a vehicule every 2 years one-time tax free import of households up to US$ 10K Tax free import of a vehicule every 2 years Applicant must prove the intent to develop economical activities in Panama Procurement of Panama´s Ministry of Foreign affairs certifications letters Applicant must have higher education degree Applicant must culminated execersing its actitivities as diplomatic or international Organization member

The BusinessPanama Group offers you a One Stop Solution by providing you with the following services:

• All Legal and other services for representing you before Panamanian immigration and other authorities and preparing and filing all documents
• Incorporation of a company
• Legal services
• Buying a property or condominium
• Relocation to Panama
• All necessary contacts and arrangements to identify business opportunities in Panama related to the investment in which you may be interested.

For more information, please click here to contact us.

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