If you are a citizen of any of the following countries, learn how to obtain residency in Panama through employment, real estate investments, or bank deposits.
Program Objective
This immigration permit is intended for foreign citizens from specific countries that maintain friendly, professional, economic, or investment relations with the Republic of Panama. The program allows them to initially obtain a provisional residence permit for two (2) years, with the option of becoming a permanent resident, facilitating their integration into the country’s labor, professional, or economic environment.
Who can apply?
Foreign citizens whose nationalities are included on the official list of countries that maintain stable diplomatic and economic ties with Panama may apply. The permit is intended for those who wish to:
- Establish a working relationship with a Panamanian company.
- Investing in real estate in Panama.
- Make fixed-term deposits in the national banking system.
Application Methods
The interested party must select one of the following reasons to justify their request:
1. Work Reasons
The applicant must have a job offer in Panama and present:
- Employment letter with letterhead and signature of the legal representative (notarized), indicating position, salary, and repatriation clause.
- Public Registry Certificate of the employing company.
- Notice of Operation or legal justification in accordance with Law 5 of 2007.
- Copy of the work permit processed before MITRADEL.
2. Investment in Real Estate
A minimum investment of B/. 200,000.00 is required in real estate registered in the name of the applicant, a company in which the applicant is the final beneficiary, or a foundation in which the applicant is the founder and final beneficiary. The transaction can be financed through a Panamanian bank.
3. Fixed Term Deposit
The applicant may qualify for this subcategory if they hold a fixed-term deposit of B/.200,000.00 for at least three (3) years in a bank with a general license. This deposit must be free of encumbrances and be the direct property of the applicant or a legal entity or foundation in which they are the final beneficiary.
General Requirements
All applicants must submit:
- Notarized power of attorney and application signed by a lawyer.
- Three (3) passport-sized photographs.
- Three (3) passport-sized photographs.
- Certified copy of a valid passport.
- Health certificate issued in Panama.
- Certified checks:
- B/.250.00 to the National Treasury.
- B/.800.00 to the National Immigration Service.
- Personal Background Affidavit Form.
For Dependents
Dependents (spouse, minor children, student children up to 25 years of age or persons under guardianship) must present:
- Letter of responsibility signed by the Panamanian resident or national.
- Proof of relationship (marriage certificate, birth certificate, or court order).
- Certification of studies for adult children.
- Affidavit of Single Status.
- Evidence of financial solvency of the primary resident, such as:
- Income tax return with good standing (minimum income: B/.1,000.00 + B/.100.00 per dependent), or
- Employment letter with Social Security record and copy of work permit.
Permanent Residence Process
After two years of provisional residency, the applicant may apply for permanent residency by resubmitting the previous documents, except for the criminal record certificate and checks.
Advantages of this immigration program
- It allows you to start a new life in Panama with legal support.
- It facilitates entry into the country’s work, professional or economic environment.
- Option to bring family under immigration protection.
- Clear and simplified procedure for citizens of countries with friendly ties.
Ready to start your new life in Panama?
Contact us today and receive professional advice to manage your residency.
Don’t miss this unique opportunity!