HOW TO OBTAIN RESIDENCY IN PANAMA IN 2024?
In order to obtain residency in Panama, individuals need to comply with Panama immigration laws and hire a Panamanian lawyer. Our experienced immigration attorneys are here to assist clients in the Panama immigration office to get their Panama residency. Contact our expert immigration attorneys today to benefit from their expertise.
HOW PANAMA IMMIGRATION LAW WORKS?
In order to file for Panama residency, an applicant needs to hire a Panamanian attorney to represent him before the Panama immigration office. Upon retaining our experienced immigration attorneys, we would file the required documents to obtain residency for our clients. It is required that all foreign documents to be authenticated by Apostiling them as well to be translated to the Spanish language by a certified translator in Panama. Upon approval of the residency application, clients must travel to Panama in order to be photographed for residency ID card. Initially, temporary residency visa is issued by the immigration office and after 6 months, permanent residency will be granted.
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FRIENDLY NATIONS VISA PROGRAM
Friendly Nations Visa is a popular residency program that provides residency to citizens of 50 Friendly Nations. Citizens of 50 Friendly Nations can obtain residency by choosing one of the following options:
- By having employment or own a COMPANY in Panama
- Invest in Panama real estate properties in the amount of $200,000.
- Bank deposit of $200,000. for a minimum of 3 years.
The Friendly Nations residency program initially grants a 2-year temporary residency and the applicants may obtain permanent residency after 2 years. Proof of economic solvency can be achieved by purchasing a real estate property valued at $200,000.
One of the benefits of this program is that Friendly Nations Residents can work in Panama and after 5 years of permanent residency, can apply to become citizens of Panama. Every citizen of Panama can apply to the passport office and receive his Panama passport. Friendly Nations Residency Visa also grants spouses and minor children of the applicants, Panama residency.
Contact us today for the list of 50 Friendly Nations.
GOLDEN VISA PROGRAM
Panama is an ideal country for international investors who are looking to diversify their investments. There are a great deal of investment opportunities available in Panama and we recommend investors to set up a Panama company and own 100% shares of their corporation.
INVESTORS RESIDENCY REQUIREMENTS
Investors may choose one of the following options:
- Real Estate Investment of $300,000.
- Securities Investment of $500,000. ( invest in Panama stocks & bonds )
- Bank Deposit of $750,000.
It is important to note that Panama is the best TAX HAVEN DESTINATION in the world. International investors are exempt from taxes due to its special Corporate Tax Laws. Contact us if you need additional information on PANAMA INVESTMENT OPPORTUNITIES.
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PENSIONADA PROGRAM
PANAMA IS RANKED NO. 1 DESTINATION for retirement according to the recent New York Times article. It is not surprising that many EXPATS have chosen Panama as their retirement home. Panama Immigration laws are designed to attract retirees from all over the world. Individuals who receive a fixed income of $1,000. per month, can become residents of Panama. Obtaining residency for retirees is easy as long as they can provide proof of lifetime income. In addition, retirees spouses and minor children are eligible for Panama residency. Get in touch if you are interested in retirement residency program.
REFORESTATION PROGRAM
Investors who are interested in reforestation projects and willing to invest a minimum of $100,000. can obtain permanent residency. The reforestation investors can become citizens of Panama after 5 years and obtain Panama passport. Contact us for reforestation program, via EMAIL
DOMESTIC WORKER PROGRAM
Panamanian citizens and permanent residents can sponsor and offer employment to foreign domestic workers and in exchange foreign workers obtain residency. Domestic workers such as maids, gardeners & chauffeurs are qualified to apply under this residency program. The residency of a domestic worker expires in one year but it can be renewed each year. Get in touch, if you are interested in this type of residency option.
MARRIAGE TO A PANAMA CITIZEN PROGRAM
A foreign citizen can obtain residency by marrying a Panamanian citizen or a permanent resident. Upon marriage, spouses receive temporary residency and after 2 years of being married, would obtain permanent residency. To qualify under this residency program, immigration law requires a marriage certificate and both husband & wife will be interviewed by the immigration officials. Get in touch with us if you are interested to marry a Panama citizen.
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RESIDENCY REQUIRED DOCUMENTS
- All residency applications must be submitted by a Panamanian attorney
- A valid passport is required
- Applicants must be 18 years of age or older
- All documents must be translated to Spanish
- All documents must be authenticated by apostiling them
- Police report is required ( proof of no criminal activities in the past )
- Certificate of good health is required
- Spouse & minor children are eligible
- Required immigration fees must be paid
- Proof of economic solvency is required
PANAMA RESIDENCY VISA PROGRAMS & HOW IT WORKS
| RESIDENCY VISA PROGRAMS | RESIDENCY DETAILS |
|---|---|
| Residency Options | Friendly Nations Residency Retirement residency Employment residency Investors residency children residency Residency by marrying a Panamanian citizen Students Residency visa Family members residency |
| Required time to obtain temporary residency? | Once we apply and approved, Temporary Residency will be issued immediately |
| How long temporary residency is valid for? | Temporary Residency is valid for 6 months. |
| Documents required for temporary residency? | Documents such as; power of attorney, valid passport, 5 photos, certificate of good health, clean police report are required. Inquire for details. |
| Is it required to register passports? | Yes, prior to submitting for residency, it is required to register passports with the immigration office. |
| Dependent’s residency? | Yes, spouses and minor children of applicants are eligible for residency. |
| Time required to obtain permanent residency | After 6 months, Permanent Residency will be granted. |
| Documents required for permanent residency | Once the applicant is granted temporary residency, he /she is eligible for permanent residency. Inquire for details |
| Documents required for citizenship | After 5 years of permanent residency, applicants can apply for citizenship. Documents such as; a valid passport, photos, police report and certificate of good health are required. Inquire for details |
| Panama passport | Yes, all Panama citizens, can apply & be granted Panama passport immediately. |
| ARE YOU INTERESTED TO BECOME A RESIDENT OF PANAMA ? |
| IF THE ANSWER IS YES, WE CAN HELP. CONTACT US TODAY |
BENEFITS OF PANAMA RESIDENCY
Panama is ranked No. 1 retirement destination according to recent New York Times article.
WE BELIEVE, PANAMA IS THE IDEAL COUNTRY FOR INVESTMENT & RETIREMENT
We list benefits of Panama Residency;
- Panama is a secure country
- Retirees receive discounts of up to 50% in products / services.
- Offshore company income is exempt from taxes.
- Fast Internet connection & cable TV
- Excellent health care facilities
- Friendly people of Panama welcome foreigners with open arms.
- Offshore banking is ideal for international transactions
- Panama passport is a valuable document when traveling abroad.
- Proximity of Panama City to Miami, Florida – only 3 hours ride
- Panama is the best asset protection destination
- Tropical climate all year around.
HOW TO MAINTAIN PERMANENT RESIDENCY?
Panama permanent residents can reside in other countries however to maintain permanent residency status, it is recommended that all permanent residents visit Panama every 2 years.
WHY CHOOSE PANAMA LEGAL CENTER ATTORNEYS?
WE ARE EXPERIENCED & EFFICIENT