Any person over 18 years of age with a lifetime pension or annuity paying a minimum of $1,000 USD per month qualifies for this visa. Any additional dependent will have to pay $250 per month. The annuity or pension can be paid by a private company, military, government agencies, corporations, a bank, an insurance company, or a Trust. This Panamanian visa provides several incentives including discounts at movie theaters, restaurants, hotels, pharmacies, concerts, and domestic airlines along with other products or services.

Under the new Executive Decree 197 of May 7, 2021, and also by Executive Decree 226 of July 20, 2021, citizens from any of the 51 nations considered “friendly” to Panama can apply for a visa under this category. With an investment of US $200,000 in REAL STATE or a fixed term for the same amount and also for working purposes.

The 51 friendly nations 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, Monaco, Marino, Mexico, Montenegro, Netherlands, New Zealand, Norway, Paraguay, Peru, Poland, Portugal, Serbia, Singapore, Slovakia, Spain, South Africa, South Korea, Sweden, Switzerland, Taiwan, United States of America, Uruguay, United Kingdom (Great Britain & Northern Ireland).Note: The two visas above are the only ones granting immediate permanent residency. The visas require a two year provisional temporary residency period before qualifying for permanent residency. Professional Employment Visa: Foreigners working for a Panama company in a “professional” capacity paying social security taxes and holding a college degree and a professional license (if required by his or her country) can become a permanent resident after two years of being a temporary resident. The term “professional” is not limited to the definition in Panama’s Constitution or the laws defining a professional for citizens.

Foreigners working for a Panama company in a “professional” capacity paying social security taxes and holding a college degree and a professional license (if required by his or her country) can become a permanent resident after two years of being a temporary resident. The term “professional” is not limited to the definition in Panama’s Constitution or the laws defining a professional for citizens.

A minimum investment of US$80,000 in a reforestation project certified by the government including purchasing a minimum of five hectares of titled land with an additional investment of $2,000 for each dependent.

Three options exist to qualify for this visa created to attract wealthy foreigners:

Minimum US$300,000 investment of equity in any Panama real estate with an additional $2,000 USD for each dependent.
Minimum US$300,000 investment in a 3 year Panama bank CD. An additional $2,000 deposit is required for each dependent.
Combining the first 2 options by investing in both a Panama bank CD and Panama real estate where the cash and equity total a minimum of US$300,000 (or foreign currency equivalent). An additional $2,000 USD must be invested for each dependent.

Minimum US$160,000 investment in capital stock of a Panama corporation. The foreigner can be a shareholder and/or an officer. An additional $2,000 must be invested for each dependent.

For this visa it is necessary that a foreigner is dully married to a Panamanian citizen and leaving in a continuous manner, the immigration department will interview the couple to confirm if they have been leaving as husband and wife. If at any moment they realized this is not so, they can deny the visa.

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