Panama
Qualified Investor Immigration
The Panama Qualified Investor Immigration Program offers residency to individuals who make significant investments in Panama. This program is designed to attract high-net-worth individuals and boost the country’s economic growth.
Population
Approximately 4.4 million
Languages
Spanish
Economy
Services-oriented, with strong sectors in banking, commerce, and tourism
Currency
Panamanian Balboa (PAB) and US Dollar (USD)
Visa-Free Travel
Over 140 countries
Advantage
- Permanent Residency: Successful applicants and their dependents gain permanent residency status in Panama.
- Path to Citizenship: After five years of permanent residency, individuals are eligible to apply for Panamanian citizenship.
- Business Opportunities: Panama offers a favorable business environment with tax advantages and strategic location for international trade.
- High Quality of Life: The country boasts a tropical climate, modern infrastructure, and a high standard of living.
- No Income Tax on Foreign Income: Residents do not pay taxes on income earned outside of Panama.
Requirements
- Age Requirement: Applicants must be at least 18 years old.
- Clean Criminal Record: A clear criminal background check from the applicant’s country of origin or residence.
- Health Insurance: Proof of health insurance coverage in Panama.
- Financial Stability: Demonstrated financial stability and ability to support oneself and dependents.
Investment Option
Option 1:
Real Estate: Minimum investment of USD 300,000 in Panamanian real estate.
Option 2:
Securities: Investment of at least USD 500,000 in securities through the Panama Stock Exchange.
Option 3:
Bank Deposit: Fixed-term deposit of a minimum of
USD 750,000 in a licensed bank in Panama.
Process
- Initial Consultation: Meet with an immigration attorney to discuss eligibility and investment options.
- Choose Investment: Decide on the investment route (real estate, securities, or bank deposit) and proceed with the investment.
- Document Preparation: Gather and prepare necessary documentation, including proof of investment, health insurance, financial stability, and clean criminal record.
- Application Submission: Submit the completed application and required documents to the National Immigration Service of Panama.
- Interview: Attend an interview with immigration officials, if required.
- Approval: Await approval from the immigration authorities, typically within three to six months.
- Residency Permit: Upon approval, receive the permanent residency permit and complete any additional steps such as obtaining a Panamanian ID card (Cédula).
