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Panama Passport / Residency Benefits
Obtaining a second passport in Panama is useful for
those who wish to:
- Have a second home overseas in a tropical country
where they can live at or visit.
- Have a "safe haven" to escape to in the
event of war or any type of civil unrest that may
threaten their family.
- Actually live in Panama permanently, perhaps after
retirement.
- Relocate to a tropical, stable, safe country where
it is very economical to live in comparison with most
other developed countries such as the US, Canada,
Europe, etc.
- Relocate to a more "tax friendly" country
where foreign earned income, capital gains, and interest
income is not taxed.
- Relocate to a country where frivolous lawsuits are
not recognized by courts, and assets can be truly
protected through a corporate shield, without the
risks of "piercing the corporate veil".
- Relocate to a country where one can begin business
operations economically, and without heavy restrictions,
regulations, or taxes that hinder the growth of the
business.
- Relocate to a country where real estate is still
affordable for purchasing homes in the city or land
at the beaches, mountains, lakes, etc.
- Wish to purchase a yacht in Panama and have Panama
be the “base” for the yacht while otherwise
living aboard and sailing the yacht to wherever they
desire. The purchase of the yacht in most instances
would be sufficient to qualify for residency leading
to citizenship (more details).
Immediate Panamanian Passport Program
This program allows foreigners to obtain immediate
Panamanian Passport under the condition that they make
a 5 year time deposit (certificate of deposit - "CD"),
at the Banco Nacional de Panama, which earns a minimum
of US$750 per month in interest income. More
on Immediate Panamanian Passport Program…
| Visa Programs |
For more in depth detail, click on
each of the visa categories:
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International Yacht Based Residency/Citizenship Package
International yacht based residency/ citizenship package – offering the possibility of living the absolute best of lifestyles in some of the world's most exotic safe-havens. This is a proven and increasingly popular method of exchanging your current life of endless restrictions for a life of almost unlimited freedom. Click here to view more details.
Visa FAQs
Do I need to travel to Panama in order to obtain
my visa?
Yes, you will need to travel to Panama to obtain your
visa. You will need to be present for the filing of
the application, then you receive an interim card lasting
3 months and within that time the visa will be issued.
You need to be in Panama when the visa is issued and
you should preferably be in Panama from the filing of
the application to the issuance of the visa. If you
decide to travel outside Panama before your visa is
granted, you will want to obtain a multiple entry permit.
What if I don't wish to relocate to Panama?
We recommend that if you obtain a visa to reside in
Panama, and you wish to live overseas, that you make
plans to visit Panama at least once a year (legally
you may be away up to two years). In any case, you must
obtain a multiple entry permit valid for up to two years
before leaving. We may assist you on obtaining this
permit.
What if I wish to travel outside of Panama?
Once you obtain a visa in Panama, even if you decide
to live here permanently, but you wish to travel often,
we recommend obtaining a Multiple Entry Permit.
Summary
Many international investors and companies find Panama
to be an excellent location for investing in reforestation,
manufacturing plants, assembly plants, distribution
facilities for import/export, e-commerce, call centers,
and a variety of other business activities. Many times,
investors find that legal residency qualification is
just an "extra benefit" to the investments
that they are making in Panama.
If you are interested in relocating to Panama, or
obtaining a Panama passport, please contact
us for a personal consultation. For fees and legal
costs for each visa category, click
here.
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