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Permanent Residency in Panama

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Panama Permanent Residency is possible in 30 days if you purchase real estate in Panama

Decree 722 a new category of permanent residency:

 

The applicant needs to invest at least USD $500,000, on his behalf or through a legal entity. This investment has to come from foreign sources, and it has to come into effect in Panamanian territory. The investment has to be in place for at least 5 years.

During the first 24 months of publication of this decree, the investment can be for the sum of USD $300,000, instead of USD $500,000.

The investment for the sum of USD $500,000 (USD $300,000) can be made as follow:

  • Real Estate

  • Real Estate projects in pre-sale (not currently under construction, through a promise to purchase agreement

 

Pensio Realty S.A. pays the costs of your Immigration Lawyer if you purchase or rent a property from Pensio Panama.

An applicant can apply for permanent residence without having to travel to Panama. Once the application is processed on behalf of the buyer by their Panamanian Immigration lawyer, and the applicant has complied with all of the requirements, he or she will receive within 30 days, their Permanent Resident Resolution from the National Migration Services of Panama.

 

The applicant will be required to travel to Panama to provide biometric scans of their fingerprints to obtain the actual permanent resident card within two years from its resolution issue/approval date; once in Panama the permanent residence card can be processed/obtained in one day, along with biometrics.

The applicant can use the permanent resident resolution document provided to them to travel to Panama for countries that are considered friendly nations. For counties that are not on the friendly nations list, the applicant will have to apply for a tourist visa in order to enter the country for the first time.

Within the five years, the applicant will have to visit the country twice, once within the first two years from the date of approval of the application and a second time within the following two years.

The minimum investment is US$ 300,000.00, during the first twenty-four (24) months from the entry into force of the Executive Decree.

 

Requirements to apply for the Permanent Residency as a Qualified Investor:​

  1. Complete passport copy. Apostilled or authenticated by the nearest Panamanian Consulate

  2. National Criminal Background Check. Authenticated by a Panamanian Consulate or apostilled by the government office of the country which issued it, valid for 6 months

  3. Five (5) passport-size photos

  4. Payment of USD $5,000 to the National Immigration Service

  5. Payment of USD $5,000 to the National Treasury

  6. In case of dependents an additional payment (per dependent) of USD $1,000 to the National Treasury and another payment of USD 1,000 to the National Immigration Service.

  7. Certificate of good health, indicating that the applicant had good physical and mental health, and no contagious diseases

  8. Declaration of personal backgrounds

  9. Foreign or Local Bank Certification certifying the funds received or sent, respectively. If the letter is coming from abroad, it has to be authenticated by a Panamanian Consulate or apostilled by the government office of the country in which it was issued.

  10. Bank statements from the foreign bank, duly legalized, or a local bank, with authentication stamps from the issuing bank, to certify the transaction with the funds sent.

  11. Notarized letter, issued by the recipient of the funds, or bank certification (original) that confirms the deposit or reception of the transfer, in accordance with any of the investment options described in the law.

  12. If the application includes dependents:

    • Letter of accountability for these dependents.

    • Proof of ties between the applicant and each dependent.

    • Proof of address – applicant and dependent must live in the same address.

    • If the dependent is 18 years old or more, single status and student status certificate.

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