Panama’s passport is ranked as the 36th the strongest passport in the world. It allows visa-free access to over 120 countries.
The law that initiated the Permanent Residence Program in Panama was passed in 1987 (Law 9 Decree No. 26). A foreigner having established a deposit of a minimum of USD 300,000* gaining interests of minimum USD 850 at the National Bank of Panama or at La Caja de Ahorros (savings bank) may request for a Temporary Residence Visa with an Independent Retired Status. The time deposit is to be for a minimum term of 5 years with the amount of it depending on the interest rate at the moment of creation of the deposit. The expected available rates are approximately 3% - 4%.
The Permanent Residence Card granted is a Travel document which enables you to your travel to 120 countries including the European Union.
Reputable Instant Permanent Residence Card in 5 months
You do not need to reside in Panama
You obtain immediate Residency
Visa-free travel to major countries including Europe and most of the Latin American continent
Easy to obtain visas with a Panamanian Permanent Residence Card
No investment required – simply deposit funds in your personal bank account in Panama (gaining interest)
Tax Haven - No capital gains tax, no tax on interest, no income tax, no inheritance tax on foreign capital
Numerous major business advantages – Panama Canal and second largest Duty Free zone in the world
Wife, Children (up to 25) and parents also benefit
Panama is a safe country
The Panamanian Residency Program requires making a bank deposit of USD 300,000 in one of Panama’s Governmental banks.
To obtain the Panama travel document by law it is required an investment of USD 300,000* into a fixed deposit in a personal savings account for 5 years with interest gains of approx. 3% per annum. The Deposit should be through one of the Governmental banks in Panama.
|Full Investment||USD 300,000|
For a full breakdown of the government fees, legal fees and other fees payable, please contact us
CI Retainer Agreement signed and first Payment of CI Professional Fees
Applicant signs a limited power of attorney for CI executes immigration proceedings in Panama and opens the bank account.
If required, CI will obtain a tourist visa to travel at the time of collecting the PR card.Applicant signs CI retainer agreement and a limited power of attorney for CI executes immigration proceedings in Panama and opens the bank account.
If required, CI will obtain a tourist visa to travel at the time of collecting the passport.
CI opens bank account and provides Client with official bank confirmation including account details.
The applicant transfers the required funds.
Upon applicant confirmation of transfer, CI obtain bank certificate for the immigration department as part of residency application documents.
Once CI obtains residency and travel PR approval, applicant travels to Panama to have passport pictures taken and to collect the travel PR card in person. Tourist visa would have been processed and ready at the time of travel.
CI final Professional Fees are paid.
120 Countries Visa-Free
Antigua & Barbuda
St. Kitts & Nevis
St. Vincent & The Grenadines
Trinidad and Tobago
Bosnia & Herzegovina
* Visa on arrival
The list of countries is subject to variations depending on each government's policy and so is access to these countries.
Panama is a safe country with beautiful white beaches, excellent infrastructure, a modern, sophisticated capital city with every imaginable luxury, hundreds of multinational businesses, and most importantly charming welcoming people.
The Republic of Panama, between Colombia and Costa Rica, has a population of just over 3.4m and a land area of 76,000 sq. km. The climate is tropical. Panama is a stable sovereign democracy with a presidential style of government. Spanish is the official language but English is a common second language spoken by most Panamanians. Panama's currency is effectively the US dollar, with the official Balboa pegged to the dollar but used only for small transactions.
Panama possesses a privileged geographical location, it is situated between North and South America and the Panama Canal links the Atlantic Ocean to the Pacific which makes it an unmatchable business hub. Panama has become one of the most important logistic centers of the Western Hemisphere for the storing and distribution of world cargo, a bridge for the mobilization of passengers to the entire American Continent and facilitator of efficient and modern communication services. As a commerce promoter, both nationally and internationally, Panama enjoys political, social, and economic stability.
To know more about investing in Panama’s permanent residence and citizenship program, please contact us or send a call back request and one of our specialists will contact you to discuss your needs.