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:
Once the visa petition is filed, a provisional residency permit, valid for a period of two years is granted to the applicants. At the end of the two-years period, the applicant may apply for the permanent residency. The permanent residency permit grants the applicant an additional foreign resident permanent ID Card and the right to apply for Panamanian Nationality after 5 years (which includes the initial 2 years of temporary residency).
Self-sufficient funds program highlights
Citizens from Asia, Middle East and Africa, kindly note that Panama's Immigration Office may have your country on a List of Restricted Countries subject to Special Requirements. For more information, please click here.
The BusinessPanama Group provides a convenient One Stop Shop offering you the following services:
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