Friendly Nations Permanent Residency in Panama
Many have wondered what are the details on the Friendly Nations Visa in Panama, in fact, many do not have any idea that this opportunity of moving to Panama with a very low investment exists.
Do you know what are the new requirements to apply to the category of friendly countries in Panama?
Here you can find all the information you need to know.
The Migratory category of Friendly Nations Residency was modified by Decree No. 226 of July 20, 2021, for which from now on, foreign nationals of specific countries may be granted a Provisional Permit for two (2) years to those who request Residence as Friendly Countries, in order to exercise economic or professional activities, and after two (2) years you are eligible for the Permanent Residence.
What is the Friendly Nations Permanent Residency in Panama?
It provides a Permanent Residency in Panama with the right of having a Panamanian Cedula (ID), as well as a Work Permit.
The Work Permit is a separate process that is made after the approval of the Visa. The duration of the process is between 2 or 3 months, however, there are always diverse situations that can delay a process, this is why we always attempt to file the documents with all the documentation reviewed and complete.
Who can apply to the Friendly Nations Visa in Panama?
Only the nationals of the following countries can apply:
Great Brittain and North Ireland, Germany, Argentina, Australia, Corea, Austria, Brazil, Bélgium, Canada, Spain, United States of America, Slovakia, France, Finland, Netherlands ,Ireland, Japan, Norway, Cezch Republic, Switzerland, Singapur, Uruguay, Chile, Sweden, Poland, Hungary, Greece, Portugal, Croacia, Estonia, Lithuania, Latvia, Cyprus, Malta, Serbia, Montenegro, Israel, Denmark, South Africa, New Zeland, Hong Kong, Luxembourg, Liechtenstein, Monaco, Andorra, San Marino, Costa Rica, Paraguay, México, and Perú.
If you are not a national of any of these countries, you can still evaluate applying for other Residencies such as Professional Foreigner Residency, that is allowed for ANY country. This category applies as long as you have a Diploma from a University of a career that is not limited to Panamanians only.
Please take a look at our blogs for other Visas.
If you have identified you can apply and are interested then you should know you will need to fulfill the following main requirements:
- Three pictures.
- Have the police records apostilled or legalized.
3. You can apply to the following options:
Labor: You must submitt a letter in which the company that is hiring you at Panama explaining that you will be working for them, this company must have a commercial permit, other option is to register a company that will reflect you are a Director. (The company can be used for multiple parties).
Real Estate Investment: Have real estate of your own, or in the name of a Foundation or Society where your are the final beneficiary, and whose amount is not less than TWO HUNDRED THOUSAND DOLLARS (USD$200,000). The property can be financed as well.
Bank Fix Deposit: For a minimum amount of TWO HUNDRED THOUSAND DOLLARS (USD$200,000), and a minimum period of three years, in a personal capacity, Foundation or Company where the applicant is the final beneficiary.
4. You must be in Panama in order to register with Immigration Authorities, after that you can return to your country while the legal procedure is in progress, obtaining the Multiple Entry and Exit Visa, and having your procedure card.
This Residency allows dependents, so you can include your children, spouse and parents.
You can have more information about corporations, bank account opening, work permit, dependents and other Visa options in our web page: www.panamalegalgroup.com
If you have an Italian passport, you can apply to the Panama-Italy Visa, which provides the same benefits, however the expenses are lower since there is no need to pay the repatriation deposit of US$800.00.
If you already have the documents, what are the following steps to apply to the Friendly Nations Visa?
– We proceed to coordinate your trip to Panama for the proper registration or affiliation in Immigration. This procedure is mandatory and must be done in person. Once the documents have been presented, you can travel without any inconvenience, since you will have a temporary card with a multiple entry and exit visa, while the process lasts.
Is it necessary for you to travel with all the documentation ready?
– It is recommended, however, you have the option of travelling to Panama to evaluate the possibilities if you want and proceed with the registration in Immigration. The rest of the documents can be sent afterwards and filing the documents once you send them after your travel can also be coordinated.
Please leave your comment if you have any questions or experience you would like to share.
You can write to email@example.com or firstname.lastname@example.org for further inquiries or if you are interested in obtaining a Permanent Residency in Panama.
what about enghlish ?
Hi Mr. Sivolapov, citizens from England can also apply for the Permanent Residency with right to Work Permit.
What is the cost of going through the process for the Friendly Nations Visa?
Is it true that after 5 years or so, you can apply for citizenship?
Good afternoon Mr. Forsberg,
Correct, you can apply to the Panamanian citizenship 5 years after your permanent residency is granted. One of the lawyers will be sending you information concerning the Friendly Nations Permanent Residency.
no se la pagina esta en ingles por favor traducirla a español, quiero ir panamá.
Le hemos enviado información a su correo.
Is this process still available? If so could you please forward me some more information.
We have sent information to your email. We will be waiting for your confirmation.
Hello, I am also interested in the friendly nation visa, and would much like to receive the latest requirements as in documents and all.
Please send me an email. Thank you in advance. Raul (The Netherlands).
Forgot to mention that I have the dutch citizenship.
We have answered via email in october, please confirm if you were able to read our information.
Hi Mr. Raul, we have sent you an email with further information, please let us know if you have further inquiries.
I’m from Vietnam.. Please help to send me more details about this program..
Hi, Please write to email@example.com in order to provide further information and options available.
I am looking to obtain residency as fast as possible in Panama, and am interested in the ‘Friendly Nations Visa’ and am a UK citizen. I am cashing in a UK pension fund with a significant amount of money in it, and wish to take it tax free as a resident of Panama, as the UK has a ‘Double Tax Treaty’ with Panama, which means once I am a Panama resident I can take my funds tax free.
I already have the following items established in Panama:
1) A personal bank account (Scotia bank)
2) A business bank account (Capital Bank)
3) A registered corporation/business in Panama, as shown below:
Nomad Capital Corporation,
Cédula Jurídica [RUC]: 2401815-1-804937
Edificio Credicorp Bank, Apt. #26
Calle 50 – Bella Vista,
Bearing in mind that I am already well established in Panama, please can you send me a quotation, and is it actually easier and less costly for me to get residency as I am already a business owner in Panama?
I have lived in Costa Rica for the past 10 years, and so am already a resident of Costa Rica (I am a British citizen with a UK passport) so again surely this makes it easier and less costly to become a resident in Panama?
Also the reason I am becoming a resident in Panama is because I wish to have my UK pension paid in Panama tax free, and as soon as I become a resident I will be able to release substantial funds from the UK of an initial $165,000 USD and so on this basis would I be able to get some kind of short-term financial advance to pay for the legal fees and the $5,000 for the bank account, which would be paid immediately + interest once my residency was approved and my funds from the UK released….would this be possible?
Please send me a quotation bearing in mind the additional information I have provided for you above.