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It is a permanent residency option in the Republic of Panama, designed for foreigners who can demonstrate stable and sufficient income to support themselves in the country without the need to work.
As an expert immigration law firm, Legalia Panama makes available to you all the available options and the application process to obtain a permanent residence visa in Panama.
It is a type of visa or residence permit offered by Panama to foreigners who demonstrate that they have enough economic resources of their own to live in the country without depending on local employment.
The purpose is to attract people with stable financial resources, such as retirees, rentiers or passive investors, who can contribute to the Panamanian economy without competing in the local labor market.
It is based on Article 1, paragraph 6, Articles 24, 25 and 26 of Decree Law No. 16 of June 30, 1960 and Executive Decree No. 52 of February 19, 2003.
Establishes the subcategory of Permanent Resident as a Qualified Investor within the category of Permanent Resident for Economic Reasons. Its objective is to boost foreign investment in Panama, allowing investments in real estate, securities on the Panama Stock Exchange, or fixed-term deposits in local banks. The minimum investment is $500,000 or $750,000 for bank deposits. Benefits include immediate permanent residency, the ability to apply before entering the country, approval in 30 business days, and access to a special one-stop shop for immigration procedures.
There are different “variants” or ways to qualify for this type of visa, depending on the source and nature of the applicant’s income. These include:
Public Registry Certificate that proves the ownership of the real estate, in the personal capacity of the applicant with a minimum value of THREE HUNDRED THOUSAND DOLLARS (US$300,000.00), free of encumbrances.
Exceptions to the rule:
To learn more about our immigration or naturalization services in Panama, or to discuss your specific needs, please do not hesitate to contact us.
The process of applying for a Panama permanent residency visa is meticulous and requires careful preparation of the necessary documentation. At Legalia Panama we can help you with the entire process you need to obtain your visa in order to save you time and money.
These applications may be submitted prior to the entry into the national territory of the applicant and his dependents, through a special proxy. As long as the filiation process is completed in the Immigration Registry of the National Migration Service
1. Power of attorney granted by the applicant, in favor of LEGALIA PANAMA., who provides the text thereof.
2. Request brief that is drafted by LEGALIA PANAMA
3. Medical Certificate of Good Health, issued within the three (3) months prior to the date of submission. This certificate must be conferred by a Panamanian doctor. LEGALIA PANAMA assists you in obtaining this certificate.
4. Police history of personal history, of each member over 18 years of age, from the country of origin or by the country of residence (only when the interested party has less than 2 years of continuous residence in the Republic of Panama).
5. Original passport from the country of origin, with a minimum validity of six (6) months. Important: The applicant must be present in the country at the time of submission of the visa application.
6. Complete photocopy of the passport, authenticated before a Notary Public in Panama. LEGALIA PANAMA assists you in this procedure.
7. Five (5) updated passport-size photographs (from the front and without hats or veils).
8. Certified Check for EIGHT HUNDRED DOLLARS (US$800.00) in favor of the National Immigration Service.
9. Certified Check for TWO HUNDRED AND FIFTY DOLLARS (US$250.00) in favor of the National Treasury.
10. Personal Background Affidavit Form.
11. In the case of dependents:
• Letter of Responsibility
• Proof of kinship
• Proof of address
• Dependent of legal age and under twenty-five (25) years of age to present a certificate of singleness and studies.
12. Proof of the investment of THREE HUNDRED THOUSAND DOLLARS (US$300,00,000) made
We specialize in immigration processes and offer personalized and professional advice to ensure a hassle-free experience.
We have a team of lawyers with extensive experience in immigration law and a thorough knowledge of Panamanian regulations.
Our commitment is to provide an efficient service tailored to the individual needs of each client, ensuring your peace of mind and success in the process of obtaining permanent residency in Panama.
