Panama Friendly Nations Visa

About Panama

Panama is a small, beautiful country located in Central America; bordered by the Caribbean on the North, the Pacific Ocean on the South, and connected by the infamous Panama Canal. While mountainous terrains and rich forest canopies cover half the country, this tropical paradise also offers over 1550 miles of coastline with some of the world´s most spectacular beaches.

Panama is the fastest growing economy in the Americas and has become a well-known international hub for business and living. With the highly developed banking sector, sophisticated infrastructure for commercial and financial activities, and the territorial tax system, Panama is on the list of top offshore jurisdictions for businesses and investors. The Friendly Nations Visa offers citizens of 50 countries permanent residency status within 3 years.

Current president:
Laurentino Cortizo

Government:
Constitutional democracy

Economy:
Services sector including the Panama Canal, banking, commerce, and the Colón Free Trade Zone

Currency:
US Dollar

Capital City:
Panama City

Population:
Over 4.2 million

Language:
Spanish

Tax system:
Territorial Tax System

Members of:
United Nations, Inter-American Development Bank, OAS (Organization of American States)


Benefits


Eligibility

Applicants proceeding with the residency by investment program in Panama must be at least 18 years of age and hold a clean criminal record. Applicants are required to provide personal documentation such as passports, national IDs, birth and marriage certificates, proof of investment.



Full Requirements Checklist


Investment Options

Open Panamanian Corporation and obtain work permit.

  • Open an IBC (International Business Corporation) with nominee services and business license.
  • Obtain work permit.

Addtional Fees

Real
Estate

Invest a minimum of USD 200,000 in real estate for a minimum of 3 years.

Addtional Fees

Bank
deposit

Invest a minimum of USD 200,000 in a fixed deposit in a Panamanian bank for a minimum of 3 years.

Addtional Fees

Addtional Fees


Process

1. Speak with one of our advisors to determine the best solution for you and your family. We will discuss the various residency options along with the process and investment options of each program. We offer tailored solutions to assist and meet your goals.

2. We will conduct our initial due diligence check to ensure that you do not currently hold any criminal charges and are eligible to proceed with the Panama Residency program. To process the initial due diligence check, a copy of passports for all applicants over 16 and proof of address (such as a utility bill) is required.

3. Offshore Circle requires a non-refundable retainer to supply application forms and work on your application file.

4. Offshore Circle will assist you with your preferred investment option.

5. Offshore Circle will provide a customized and itemized list of requirements to ensure you meet and comply with all requirements set by Panama Residency program.

6. Step 1: submit the residency application in person and obtain 6 month temporary residency status. Immigration will review and approve the application within the 6 month period.

Step 2: return to Panama upon application approval to obtain 2 year provisional residency status.

7. Step 3: resubmit the residency application with updated documentation a few months prior to the expiration of the 2 year provisional status, in person. At this point, you will again receive 6 month temporary residency status. Immigration will review and approve the application within the 6 month period.

Step 4: return to Panama upon application approval to obtain permanent residency status. Permanent residency must be maintained by visiting Panama every 2 years.

Speak with one of our advisors to determine the best solution for you and your family. We will discuss the various residency options along with the process and investment options of each program. We offer tailored solutions to assist and meet your goals.

We will conduct our initial due diligence check to ensure that you do not currently hold any criminal charges and are eligible to proceed with the Panama Residency program. To process the initial due diligence check, a copy of passports for all applicants over 16 and proof of address (such as a utility bill) is required.

Offshore Circle requires a non-refundable retainer to supply application forms and work on your application file.

Offshore Circle will assist you with your preferred investment option.

Offshore Circle will provide a customized and itemized list of requirements to ensure you meet and comply with all requirements set by Panama Residency program.

Step 1: submit the residency application in person and obtain 6 month temporary residency status. Immigration will review and approve the application within the 6 month period.

Step 2: return to Panama upon application approval to obtain 2 year provisional residency status.

Step 3: resubmit the residency application with updated documentation a few months prior to the expiration of the 2 year provisional status, in person. At this point, you will again receive 6 month temporary residency status. Immigration will review and approve the application within the 6 month period.

Step 4: return to Panama upon application approval to obtain permanent residency status. Permanent residency must be maintained by visiting Panama every 2 years.


Frequently Asked Questions


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