PANAMA FRIENDLY NATIONS

 

Friendly NationĀ“s Program Residency Options

  • RESIDENCY BY REAL ESTATE
  • RESIDENCY BY OPENING A FIXED ACCOUNT
  • RESIDENCY BY FORMATION OF A BUSINESS / SELF - EMPLOYMENT
Residency by Real Estate

RESIDENCY BY REAL ESTATE

An initial two-year residency is granted for the "purchase of a property in Panama with a price of 200,000 USD$". We advise you to complete the following steps:

  1. First, open a personal bank account in Panama to transfer the funds for the purchase of such property in Panama; and
  2. Second, acquire and register the property under your name at the Panamanian Public Registry.
  3. Finally, visit Panama and apply to the Immigration Department.
residency by an account

RESIDENCY BY a fix termaccount

Suppose the applicant applies for residency by "opening a fixed-term bank account," apart from the necessary bank forms, passport, and a second identity card copy. In that case, it must deposit "200,000 USD$ with the 3-years term" in a local bank.  

The bank will ask you for "evidence of income in your country" throughout a due diligence process, meaning: Disclose an Income Tax Return or Letter of Employment from your country. Once deposited, the migrant can apply to the National Migration Service of Panama.

self employment

RESIDENCY BY a business - self employment

By applying the immigration act itself, it is also possible to obtain residency with the "formation of a company in Panama" and a "commercial license," inviting you to self-employment. The immigrant can obtain this residence with the submission of the following:

  • Formation of a Panama company
  • Commercial license of company in Panama
  • Invitation Labor letter from your company in Panama
  • And other regular documents required for the immigration program.

*** Please contact us for more specific information steps to immigrate to Panama:  +507-391-8878 or mail@panamags.com

 
 
Panama Immigration Lawyer

PGS Attorneys 

A Panama Immigration Law Firm

SL55 Tower, 17th floor, Samuel Lewis Avenue, Panama City

+507-391-8878

mail@panamags.com  

 www.PanamaGS.com