Panama qualified investor visa

Panama qualified investor visa

Our office can guarantee the best lawyers to process your Panama-qualified investor visa and acquire your permanent residence.

The investor visa in Panama is also called the «Own Economic Solvency Visa.»

Within this category, three applicable forms are broken down so that you can choose which one best suits your requirements.

PANAMA QUALIFIED INVESTOR VISA – THE ESSENTIAL REQUIREMENTS AND STEPS TO APPLY IT

Foreigners who invest the minimum amount of $300,000 in properties, term deposits, or a combination of these may apply for this visa. If the foreign person has dependents, the interested party will make an investment of US$2,000 for each dependent.

To qualify for the opening of a fixed-term deposit, you must provide

In addition to the basic requirements established in Article 28 of the Decree Law, the applicant must submit the following documents:

  • bank document where it appears that the foreigner has opened a personal fixed-term deposit account in any bank in Panama for a minimum value of Three Hundred Thousand Dollars (US$300,000) or its value in foreign currency.
  • bank receipt for the fixed-term deposit.

Investor Visa in Panama: Steps to Apply for Residence

  • Provide all the required documents and sign a special power of attorney for our firm to handle your immigration documentation.
  • Open an account at a bank and make a fixed-term deposit. The bank will then give you the certificate of deposit and a copy of the fixed-term deposit agreement.
  • Register the passport at the immigration office.
  • Submit an application with all the documentation required by Immigration, along with government fees and a repatriation deposit (if you choose).
  • The immigration office grants the applicant a 3-month Temporary Permit (Visa) and a Multiple Entry and Exit Visa.
  • The immigration office grants the applicant a 2-year temporary permit.
  • The immigration office grants the applicant a Permanent Residence Permit.
  • After 5 years of having Permanent Resident status, you can apply for citizenship through the naturalization process (once you are a citizen, then you can apply for your passport).

It does not really matter that the applicant lives in Panama to qualify for Panamanian residency or citizenship or to maintain it, but a short visit to Panama will be necessary for the processing of the temporary immigrant visa, the permanent resident permit, and for naturalization (citizenship)  and passport.

At the time the permit is approved, you can arrive in Panama for about two weeks. Due to immigration, it is possible that they hold your passport for five days while they affix the official stamps and passport information.

Second Option No. 2

Invest a minimum of US$300,000 in the purchase of a titled property within the territory of Panama. This property must be free of encumbrances such as mortgages, arrears, etc.

Dependents:

When dependents are included, they must provide an additional solvency of US$ 2,000.00, and the applicant must demonstrate that they have the necessary economic means to support their dependent.

TO APPLY FOR A VISA FOR REAL ESTATE INVESTMENT

In addition to the basic requirements established in Article 28 of the Decree Law, the applicant must submit the following documents:

  • certificate from the Public Registry of Panama proving the ownership of real estate in the applicant’s personal title with a minimum value of Three Hundred Thousand Dollars (US$300,000), free of encumbrances.

NOTE: When it comes to the fact that the property is in the name of a private interest foundation, the interested party will approve if he is the founder or one of the beneficiaries. The certificate of the public registry must state the position of the interested party, either as founder or beneficiary.

NOTE: In the case when the applicant proves that he or she has paid the liquid sum of Three Hundred Thousand Dollars (US$300,000) in real estate and it is of a higher value than required, he or she may finance the remainder through mortgage loans.

NOTE: The Immigration Director may evaluate the application for a permanent resident permit in terms of the economic self-solvency of those foreigners who have invested a minimum amount of US$200,000 in property in Panama and less than US$300,000 if they entered Panama before the entry into force of this regulation (August 26, 2008). This exception must be confirmed by a bank transfer to the real estate agency as a guarantee of the property’s purchase, accompanied by an authenticated copy of the purchase promise and/or pre-construction contract.

Steps to Apply for the Residence

  • Deliver all the required documents and sign a special power of attorney for our firm’s lawyer to handle the immigration documentation.
  • Purchase titled property or make an investment.The Public Registry grants a Certificate of Farm or Property and a copy of the Purchase Contract Registry.
  • Register the passport at the immigration office.
  • Submit the attached application with the documents required by Immigration, government fees, and a repatriation deposit (if applicable).
  • The immigration office grants the applicant a 3-month Temporary Permit (Visa) and a Multiple Entry and Exit Visa.
  • The immigration office grants the applicant a 2-year temporary permit.
  • The immigration office gives the person concerned a Permanent Residence Permit.
  • After 5 years of having Permanent Resident status, you can apply for citizenship through the naturalization process (once you are a citizen, then you can apply for your passport).

At the time the permit is approved, you can arrive in Panama for about two weeks. Due to immigration, it is possible that they hold your passport for five days while they affix the official stamps and passport information.

Third Option N°3

The third option is a combination of a fixed-term deposit and the purchase of a property in Panama, both giving a minimum total of US$300,000 (three hundred thousand American dollars).

Own an Economic Solvency Permit or a Visa for Mixed Investment (Fixed Term Deposit and Real Estate Investment)

Important data:

  • The Fixed Term Deposit account must be a personal account (this cannot be a business account). The interest from the term account will be deposited each month in a savings account in the bank that you designate (the savings account can be a personal or corporate account).
  • The property must be in the applicant’s name (it cannot be in the name of a company).
  • The main applicant must prove that he can support himself financially.

Dependents: For each additional dependent applying for residency under the primary applicant, an additional $2,000 investment must be made, and the primary applicant must demonstrate that he or she has enough income to support each dependent.

Steps to Apply for the Residence

  • Provide all the required documents and sign a special power of attorney for our firm to handle the immigration documentation.
  • Open an account at a bank and make a fixed-term deposit. The bank will then provide you with the certificate of deposit. Buy the property, after everything is verified with the certificate of public registry of the property and a registered copy of the purchase contract.
  • Register the passport at the immigration office.
  • Submit the attached application with the documents required by Immigration, government fees, and a repatriation deposit (if applicable).
  • The immigration office grants the applicant a 3-month Temporary Permit (Visa) and a Multiple Entry and Exit Visa.
  • The immigration office grants the applicant a 2-year temporary permit.
  • The immigration office grants the applicant a Permanent Residence Permit.
  • After 5 years of having Permanent Resident status, you can opt for citizenship through the naturalization process (when you are already a citizen, then you can apply for your passport).

It does not really matter that the applicant lives in Panama to qualify for Panamanian residency or citizenship or to maintain it, but a short visit to Panama will be necessary for the processing of the temporary immigrant visa, the permanent resident permit, and for naturalization (citizenship)  and passport.

At the time the permit is approved, you can arrive in Panama for about two weeks. Due to immigration, it is possible that they hold your passport for five days while they affix the official stamps and passport information.

Costs and Fees

Main Applicant

First stage:

Fees: Permanent Resident Visa for 2 years: US$2,000

Government Costs (National Treasury): US$250

Repatriation Fee (non-refundable): US$800

Other Expenses and Costs: US$102

Total government costs and repatriation deposit: $1,152

Second stage:

Fees for the Permanent Residence Visa: US$2,000

Government Costs: US$300

Third Stage:

Fees for Naturalization (Citizenship or Passport): US$4,000

Government Costs: US$1,500

For dependents (spouse and children under 18):

First phase:

Fees: Temporary Resident Visa for Two Years: US$1,500

Government Costs (National Treasury): US$250

Repatriation Fee (non-refundable once visa is approved): US$800

Total Government Costs and Repatriation Deposit: US$1,050

Second stage:

Attorney Fees for Permanent Residents: US$1,500

Government Costs: US$300

Third phase:

Fees for Naturalization (Citizenship or Passport): US$3,000

Government Costs: US$1,500

Requirements and documents requested by the National Migration Service

  • complete copy of the passport of the interested party (and dependents, if applicable).
  • Original Police Record of the Applicant, Place of Residence (and Spouse and Dependents Over 18 Years of Age, if applicable), duly notarized and authenticated by the Panamanian Consulate nearest to you.
  • Original Marriage Certificate of the interested party (and dependents, if applicable), notarized, and apostilled at the Panamanian consulate in your country.
  • Birth certificate (of dependents, if applicable) with the notary seal and the beech apostille by a Panamanian consulate.
  • 6 passport-size photos of the interested party (and dependents, if applicable).
  • Certificate of Good Health, delivered by the hospital or clinic of the person concerned and their dependents (if applicable).
  • Apostilled bank reference letters from the Panamanian consulate in your country.

For the purposes of your visit to Panama

list of documents that you must give us:

  • a power of attorney, signed by the applicant (and dependents, if applicable), authorizing us, their lawyers, to deliver the application and documentation to the immigration offices.
  • A letter signed by the interested party in which the interested party is responsible for their dependents
  • The migration application was completed and signed by the interested party (and each dependent).

The required documentation (to open a bank account in Panama with a Certificate of Deposit):

  • a copy of the interested party’s valid passport (and dependents’, if applicable). A complete passport, including photos, must be certified by a notary.
  • Original bank reference letters
  • Two Original Letters of Commercial Reference: It must contain all the real information, which can be verified by the contact.

Panama qualified investor visa

NOTE: Consider that Immigration requires that the applicant for any type of visa be physically present at the Immigration office in Panama at the time of the visa application.

Important: When the visa is approved, you must visit Panama for two weeks because immigration may hold your passport for five business days while they insert the official stamps and passport information.

Contact Us

National Migration Service of Panama

Panama qualified investor visa