Established in October 2020, this visa can be obtained through several means: acquiring properties in the country, buying securities in a Panama-registered securities house, or investing in a fixed-term deposit in a local bank. The process can be initiated remotely, although you must travel to Panama to finalize it. The visa process only takes 30 days after making the necessary investment and gathering the required documentation.
Option 1 — Financial Placement: $500,000
Investment required: At least $500,000 through a financial placement in Panama.
Documentation: In addition to general documents (criminal record, Ministry of Commerce certification, etc.), you must present a certified letter from the securities house detailing the investment made.
Option 2 — Fixed-Term Deposit: $750,000
Investment required: $750,000 in fixed-term deposits in a Panamanian bank.
Documentation: Certified letters from the banking institution, verifying that funds were transferred from abroad.
Option 3 — Real Estate: $300,000 / $500,000
Investment required: At least $300,000 until October 2024, and $500,000 after that date. Can also apply via a promise of sale contract.
Holding period: The property must be retained for a minimum of five years.
Documentation: Property titles and/or purchase contracts.
Procedure and Key Conditions
Lawyer required: The entire procedure must be carried out by a lawyer in Panama.
Timeframe: Usually 30 days from filing.
Maintenance: You must visit Panama at least once every 24 months to maintain resident status.
Origin of funds: All invested funds must come from abroad.
Tax residence: To apply for tax residence, the applicant must spend at least 183 days in Panamanian territory and demonstrate ties in the country.
