A Panama residency is one of the most sought-after of all foreign residency programs—largely because of the country’s territorial tax system, asset protection structure and quality of life. Panama offers a number of residency programs as well as permanent immigration options. That being said, the Panama Friendly Nations Visa remains the most popular permanent residency program among foreign nationals and location-independent entrepreneurs.
If you are a citizen of one of the 50 “friendly nations” (countries with strong diplomatic or economic ties to Panama) and wish to relocate to the small Central American country of Panama to conduct economic or professional business activities, you may be eligible for this fast-track permanent residency program. If you are willing to deposit $5,000 in a Panamanian bank and establish a Panamanian company, this program can offer you near-instantaneous second residency. In fact, Panama Friendly Nations Visa’s low costs and low entry barriers make it one of the easiest second residency options in the world.
For a list of the 50 qualifying countries, click here.
After receiving your residence permit, you can also apply for an e-cédula—an optional residency card issued by the Panama Immigration Office. E-cédula is a form of identification available to all Panamanians over the age of 18 that serves as both an accepted proof of identity and your official tax ID, allowing you to live and work in Panama indefinitely as long as you meet the requirements.
Need help setting up your Panama Friendly Nations visa for yourself and/or your family? Contact Liberty Enterprises, Inc. for assistance.
At Liberty Enterprises, Inc., our trusted lawyers in Panama will handle the complete process—from submitting required documents to arranging meetings directly with the Panama immigration department. With our Spanish-speaking representatives by your side, you will be able to set up a second residency in Panama with minimal delays.