By means of Law-Decree No. 3 of , 2008, 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.
To opt for this type of Visa, the applicant may choose one of the following alternatives:
Establish a time deposit in a bank located in Panama in the amount of US$300,000 (minimum)
for a period of 36 months
Buy in his own name, a real 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
Buy in his own name or foundation, a real property in Panama, plus also have three years time deposit in his name, in a bank located in Panama, for a combination of US$300,000, between the value of the real estate and the deposit..
Self-sufficient funds program highlights
This is perfect for applicants investing in high valued real estate
Applicants may opt for Panamanian citizenship in the future
The BusinessPanama Group offers you a Complete Immigration 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