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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 for US$260,000 that produces US$850 interests per month. 2nd passport for travel Residency Tax free import of a car every 2 years One-time tax free import of households up to US$ 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: 4%   Self Sufficient Funds   Option 1: Open a CD deposit of US$300,000 for 3 years in a Panamanian Bank. Permanent residency Right to opt for Panamanian citizenship Option 2: Real Estate investment of US$300,000 (if property value is higher than US$300,000, the applicant is entitled 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$300,000.   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 for life, plus $250 for each dependent. Permanent residency for principals Right to opt for Panamanian citizenship Tax free import of a vehicle every 2 years One-time tax free import of households up to US$ 10K Discounts on goods and services If the petitioner purchases a property of US$100,000 or more, the pension could be of US$750. The combine pension of a marriage can be presented as long as they comply with the minimum amount of US$1,000. 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 or more on his name or through a Panamanian corporation in a reforestation project. Permanent residency Right to opt for Panamanian citizenship   Large Investor   Required Investment of US$160,000 through a Panamanian corporation. Permanent residency Right to opt for Panamanian citizenship Type of investment: All investments, excluding activities restricted by Panamanian constitution. Company must be registered at the social security program. 5 Panamanian employees as minimum.

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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