Panama Citizenship by Investment: 4 ways to obtain it
The Golden Visa: Panama Permanent Residency in 30 days
In Panama, there are investment residency programs that allow the applicant to obtain permanent residency, one of them in only 30 days.
Also applicants can get the Panama Citizenship on a time frame of 1 to 5 years after get permanent residency.
Below we show 4 options for acquiring residency and citizenship by investment in Panama:
Panama Qualified Investor Visa
INVESTMENT REQUIRED
- At least 300.000 USD on Real Estate Investments.
- or at least 500.000 USD on Securities issued in the Panama Stock Exchange.
- or at least 500.000 USD Opening of Time Deposits in Local Banks in Panama.
Timeframe
Panama Permanent Residency | 30 days |
Panama Citizenship | 1 – 5 years |
About investment amount for Golden Visa
To obtain the golden visa requires a minimum investment of $500,000.00 free of encumbrances; with the entry into force of Executive Decree No. 109 of 2022, the minimum investment in real estate must be at least USD $300,000 (instead of USD $500,000) until October 15, 2024. If it is with opening of a Time Deposit in Local Banks in Panama: US$750,000.00
Panama Self Solvency Visa
INVESTMENT REQUIRED
- At least 300.000 USD on Real Estate Investments.
- or at least 300.000 USD Opening of Time Deposits in Local Banks in Panama.
Timeframe
Panama Permanent Residency | 3 years |
Panama Citizenship | 1 – 5 years after permanent residency |
About Panama Self Solvency Visa
It is a procedure designed to attract investors to Panama by offering them permanent residence while making investments in capital goods (such as real estate in Panama) or in fixed-term bank accounts in a bank with a general license in the Republic of Panama.
Panama Friendly Nations Visa
INVESTMENT REQUIRED
- At least 200.000 USD on Real Estate Investments.
- or at least 200.000 USD Opening of Time Deposits in Local Banks in Panama.
Timeframe
Panama Permanent Residency | 3 years |
Panama Citizenship | 1 – 5 years after permanent residency |
About investment amount for Panama Friendly Nations Visa
Friendly nations visa program is a residence permit program in Panama, which grant Panamanian residency card to citizens of some specific countries (see Friendly Nations Visa Countries here) who meet all requirements.
Panama Forestry Investor Visa
INVESTMENT REQUIRED
- At least 100.000 USD through the purchase of a minimum of 5 hectares of land to implement a forestry plantation project endorsed by the Government of Panama.
Timeframe
Panama Permanent Residency | 5 years |
Panama Citizenship | 1 – 5 years after permanent residency |
About Panama Forestry Investor Visa
Foreigners who invest on their own account or through a legal entity in reforestation or authorized forest plantation activities, or any other activity authorized by the National Environmental Authority, of at least 5 hectares and whose minimum investment is one hundred thousand U.S. Dollars.
Differences between Panama Citizenship by Investment and Panama Permanent Residency
The Panama Permanent Residency allows foreigners to reside indefinitely in the country without being Panamanian citizens, even they can enjoy the benefit of avoiding double taxation if they reside for more than 180 days in Panama during the fiscal period.
While Panamanian citizenship lets holders enjoy all the rights and privileges of native-born citizens, including the right to vote and hold public office, and gives applicant the opportunity to get a Panamanian passport.
Panama Citizenship by Investment Requirements
To be eligible for the Citizenship by Investment program, applicants must have been permanent resident for one to five years (it depends of applicant nationality), must fulfill specific criteria related to their investment, financial standing, and background. The application process involves thorough due diligence, background checks, and the submission of comprehensive documentation to demonstrate compliance with program requirements. Engaging the services of a reputable immigration attorney or agency is advisable to navigate this process successfully.
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Law Source https://www.migracion.gob.pa/