How To Easily Move To Panama If You Are From These 50 Nations
Our team in Panama can help you with your Panama Friendly Nations Visa requirements. Contact us and we will help you with the process.
Panama Friendly Nations Visa
Whether you're a frequent traveler, planning to start a business in Panama or just want a second home in the Central American country, this Panama Friendly Nations Visa is one of the best residency programs in the world today.
Panama issues permanent residence and the right to work to applicants from friendly nations who can provide professional and economic ties with Panama.
Launched in 2012, the main aim of this Friendly Nations Visa is to make working and living in Panama for foreigners easier, thereby attracting immigration and foreign capital into the country.
In a few years time, the residency permit can easily be upgraded into a passport and Panama citizenship.
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Requirements to get the Panama Friendly Nation Visa (Permanent Residency)
If you want to apply for Panama’s Friendly Nations Visa, there are a few requirements that you need to meet, including;
Be a citizen of any of the “friendly” nations
This visa program applies to citizens from 50 countries, which are:
Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Mexico, Monaco, Marino, Montenegro, Netherlands, New Zealand, Norway, Paraguay, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom/Great Britain and Northern Ireland.
You need to prove that you are not a criminal by providing your history of criminal background that dates back to at least two (2) years.
Prove you are stable, financially
Your bank account needs to have an outstanding balance of $5,000 or more accompanied by reference letters and other supporting documents.
Prove economic and professional ties to Panama
You do not need to be living in Panama full time to prove you have economic or professional ties. Here are three ways you can prove this;
• Start a new business, or buy an existing one
• Get employed by a Panama firm
• Purchase titled property in Panama including real estate investment of at least $10,000
Provide other documents
These documents include Birth and marriage certificates, school transcripts and ID copy of your country.
Immigration Documents required to get a Panama Friendly Nation Visa (Permanent Residency)
The following documents are required to apply for a Panama Friendly Nation’s Visa:
Documents from your home country
• A colored notarized copy of your photo ID, including all pages of your passport to prove residency of your nation, a copy of your national ID card or Driver’s License.
• A colored notarized copy of a utility bill that is no older than 30 days from the date of application. The bill can be your phone, electric or gas bill.
• 3 current passport sized photos of the applicant and dependants.
• A professional and bank reference letter stating that you are from your home country, that they have known you professionally for a certain time and that you are law-abiding. The bank reference letter should state that they have known you for 2 years or more. They should also confirm that your account is active and in good standing.
• A written letter stating the type of profession or economic activity you wish to conduct in Panama and the type of business you wish to build.
• If you have dependents, you need to provide a letter of responsibility and a copy of birth or marriage certificate to prove that the dependents are relatives.
• A criminal history report authenticated by the suitable government or federal agencies of your home country and the Panamanian Consul in the country.
Documents obtained in Panama
• Power of Attorney permitting a Panamanian attorney to represent you.
• Employer’s proof of your earnings.
• A criminal history report for applicants who have been living in Panama for the last two years and have not traveled out of the country in that period.
• A personal Sworn Affidavit stating your reasons for seeking permanent residency in Panama and attesting your ability to cater to your family and dependents financial needs.
• Original medical examination report by a Panamanian doctor.
The Panama Friendly Nation Visa process (Permanent Residency)
The first step in getting the Panama Friendly Nations Visa is creating a business in Panama and have it incorporated. However, you don't need to have employees aboard for the business to be incorporated.
After that, you need to prove that you are economically solvent. You can do this by depositing $5,000 if you are the primary applicant and an extra $2,000 for each dependant to an account in Panama. The dependants include spouse and children up to 18 years of age or 25 if they are full-time university students.
You need to present a letter of responsibility for your dependants. Dependants who are over 18 years should provide documents proving that they are single.
Once you have all your documents in order, you must issue two certified cheques to accompany the application. The first cheque of $250 USD is cashed to Panama's National Treasury to cover the immigration fees.
The second one of $800 USD is handed to Immigration for the purposes of repatriation. Note that these two cheques are not refundable once submitted to the relevant authorities, whether the application is approved or denied.
Once the application is filed, you will be provided with a temporary residency card that you can use for up to a year. The temporary residency card will be replaced with a permanent one once the application is approved.
The Panama Friendly Nation Visa process (Permanent Residency)
The first step in getting the Panama Friendly Nations Visa is creating a business in Panama and have it incorporated. However, you don't need to have employees aboard for the business to be incorporated
Within four months a travel passport will be issued by the Government of Panama so the holder and his immediate family members can travel. This is not a Panamanian citizenship, but a hybrid temporary passport.
The deposit is supposed to be for a five-year term (the same as the validity of a normal Panama travel passport) with an option to renew the deposit and passport for another five years, if necessary.
As long as the deposit is held the investor and his family are entitled to reside in Panama. The deposit can be withdrawn at any time, but once withdrawn the residency is lost.
Some places of interest to visit in Panama
If you are looking for an easy second residence in a desirable place to live in, then Panama's Friendly Nations Visa ranks high on the available options. What's more, Panama's rich history, culture, and lush nature fields make a great destination to explore, whether you have two weeks or a few years to stay.
The Colonial Old Town of Casco Viejo is among some of the must-see places visitors should consider exploring when in Panama. The beautiful walled city features breathtaking 16th and 17th Century Spanish Colonial Architecture and has been declared an UNESCO World Heritage Site in 1997.
Also, consider visiting the Panama Canal, which is located about 20 minutes from the Panama City or you can take a day trip to the beautiful, uninhabited San Blas Islands with crystal blue waters and sandy beaches.
You can take advantage of Panama's Friendly Nations Visa Program today to enjoy this beautiful nation.
Our team in Panama can help you with your Panama Friendly Nations Visa application. Contact us and we will help you with the process.
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