Investment required:
similar to the previous category, but can also apply via a promise of sale contract.

Documentation:
You must present the promise of sale contract and other documents proving the investment.

Procedure and timelines

Lawyer required:
The entire procedure must be carried out by a lawyer in Panama.

Timeframe:
The process for obtaining permanent residence through this program usually takes 30 days from the filing of the application.

Tax residence:
To apply for tax residence, the applicant must spend at least 183 days in Panamanian territory and demonstrate ties in the country.

Maintenance:
To maintain resident status, you must visit Panama at least once every 24 months.

Fees:
Costs vary depending on the number of dependents and other factors. These fees are in addition to any charges incurred by the legal provider assisting you in the process.

Additional considerations

Origin of funds:
All invested funds must come from abroad.

Dollarized economy:
For American investors, Panama offers the advantage of being one of the “dollarized” economies in Latin America.

Speed of process:
The processing of the visa only takes 30 days, facilitating a quick and efficient process.

Essential tips:
Completeness and accuracy of documents are crucial. Discrepancies or errors can lead to delays or rejections of the application.

Although regulations stipulate a specific timeframe for review and approval, this period can fluctuate depending on the requirements of the national immigration service. It is advised to adopt an understanding attitude and maintain regular contact with Panama Contact Services throughout the process.

Keep duplicates of all documents and supporting evidence submitted throughout the procedure.