Yes, of course, Panama offers two popular residency programs for foreign individuals: the Qualified Investor Visa and the Friendly Nations Visa.

Here are some key points about each program:

• Qualified Investor Visa:

Requirements: To qualify for this visa, individuals must make a significant investment in Panama. The minimum investment amount in the purchase of a property is right now of US$300K but supposed to be increased by 2024. However, there are other types of investments such as fixed-term deposit, or a business venture.

Benefits: The Qualified Investor Visa provides a direct path to permanent residency in Panama. It also offers various tax incentives, including exemptions from import duties on personal belongings and household goods.

Processing Time: The processing time for the Qualified Investor Visa can be relatively fast compared to other visa categories, typically taking one month and grant permanent residency immediately.

Flexibility: This visa allows individuals to live and work in Panama, start a business, or invest in local projects. There is no requirement to reside in Panama for a specific period each year.

• Friendly Nations Visa:

Eligibility: Citizens from specific countries considered “friendly” to Panama, such as the United States, Canada, Australia, and most European nations, can apply for the Friendly Nations Visa.

Requirements: Applicants need to establish economic ties in Panama, such as obtaining employment with a Panamanian company, making an investment in the country by purchasing a property of a minimum of US$200K, or a Fixed-Term Deposit in a local bank of US$200k that is free of liens and valid for 3 years.

Benefits: The Friendly Nations Visa provides temporary residency in Panama of two years with the possibility of permanent residency. It allows individuals to work in Panama and access various services and benefits available to residents.

Processing Time: The processing time for the Friendly Nations Visa can vary but generally takes between 4-6 months.

It’s essential to consult official sources and seek professional advice to obtain the most accurate and up-to-date information regarding these visa programs, as requirements and regulations can change over time. Keep in contact with us for a proper/accurate assistance.