Panama Friendly Nations Visa is a unique program initiated by Panama’s government to boost immigration from certain ‘friendly nations’. This program focuses on attracting foreign investors, professionals, and workers from the designated countries, driving Panama’s economic growth and progress.
Applicants for the Panama Friendly Nations Visa initially receive a provisional residency valid for 2 years, which must be followed by a demonstration of continued compliance with the requirements to become eligible for permanent residency. This visa application covers a primary applicant and allows for the inclusion of optional dependents, including a spouse, parents, and children up to the age of 25.
Individuals from eligible countries can apply for the Panama Friendly Nations Visa, providing them with the opportunity to live and work in Panama. Among the necessary requirements are proof of economic solvency, a clean police record, and a proposed economic or professional ties with Panama.
All about friendly nations visa
| Program Type | Friendly Nations Visa Panama |
| Time for citizenship | Up to 5 Years |
| Time to Permanent Residency | 2 years |
| Minimal Investment | US$200,000 |
| Requirement for Physical Presence | Not specified |
| Timeframe for Application Processing | 1-2 Months |
| Visa-free Travel with Granted Citizenship | Yes, to 120+ countries |
| Investment Options | Real estate, business, etc. |
Get Residence in Panama
Apply for the Panama Friendly Nations Visa
The visa application must be made once you have arrived in the Country. The first status you will get when applying for the friendly Nations visa will be temporary residence for 6 months.
Which is the time usually the migration authority takes to process your application and grant you provisional residence for 2 years.
Friendly Nations Visa Cost
As part of the investing program of Panama friendly nations visa, certain government fees are applicable. This includes:
- Bank-certified cheque of B/.250.00, earmarked for the National Treasury of Panama.
- Certified Check for B/.800.00 in favor of the National Migration Service.
Disclaimer: Besides government fees, applicants must also consider mandatory legal and notary costs required by Panamanian authorities. Consult a legal advisor for a full cost assessment.
Panama friendly nations visa countries
Quickly find out if your country is on the list of 50 nations that qualify for Panama’s special visa program. Just pick your country from the list, and see if you can apply!
Friendly nations visa panama requirements
Under Panama Friendly Nations Visa program, the National Migration Service of Panama can offer a Provisional Residence Permit, valid for two years. This is available to individuals from certain nations with strong, beneficial relationships with Panama, who wish to undertake professional or economic activities in the country.
- Notarized Power of Attorney and Application, which must include the name and nationality of the applicant’s parents.
- Three (3) photographs.
- A properly compared copy of the passport (notarized or corresponding authenticated).
- Certificate of Criminal Records.
- Health Certificate.
- Certified Check for B/.250.00 in favor of the National Treasury.
- Certified Check for B/.800.00 in favor of the National Migration Service.
- Affidavit of Personal Background Form.
For work reasons:
- Letter of Employment on company letterhead (notarized).
- Panama Public Registration Certificate of the employing company.
- Copy of the Notice of Operation of the Employing Company (Notarized).
- Copy of the power of attorney and application for permission submitted to MITRADEL signed by the legal representative and applicant.
For reasons of investment in real estate:
- Certificate of Public Registry of Panama proving property ownership with a minimum value of 200,000.00. The property acquisition operation may be financed through a local bank.
For reasons of fixed term deposit:
- Certificate from a general license bank operating in the national territory stating the existence of the fixed term deposit for an amount of 200,000.00.
For dependents:
- A Letter of responsibility from the resident or national.
- Proof of relationship, marriage certificate for spouse, or birth certificate for children.
- For applicants between 18 and 25 years of age: Certification from an educational institution providing full-time regular student status and a sworn declaration of being single.
- Proof of the resident’s financial solvency.
- Copy of the income tax return, with its peace and save and it must comply with the minimum income of one thousand balboas (B/.1,000.00) per month plus one hundred balboas (B/.100.00), additional for each dependent.
- Updated work letter with its respective payroll or Social Security Fund card and copy of the work permit.
The Process / Timeline
If you go with the first one the steps will be
- Set up Company
- Register you to Social security of Panama
- Register the company to SS of Panama
- Open a Personal bank account and after Company Bank acc.
To set up a business in Panama, you need 3 people who are part of the company’s board of directors
In order to open a bank account at least 2 people in the directory need to be residents since banks are restricted for tourists , if you do not have this person you can contact us and we can help you.
You can obtain a driving license only when you get your first ID. You need to go to the Canadian embassy with this ID and get a driving license pack.
The visa application must be made once you have arrived in the Country. The first status you will get when applying for the friendly Nations visa will be temporary residence for 6 months.
Which is the time usually the migration authority takes to process your application and grant you provisional residence for 2 years.
From the moment that you have your documents ready and the company registered in the Public registry, we need 7 to 8 days to obtain your first ID .
For any inquiries please do not hesitate to communicate .
FAQ
Panama Friendly Nations Visa scheme covers a select list of countries with which Panama maintains strong diplomatic and economic bonds. Citizens from these countries are welcomed to apply for the visa, provided they can demonstrate financial stability, a clean criminal record, and a viable plan for economic or professional activity in Panama.
Here’s a list of countries whose citizens may be eligible for Panama’s Friendly Nations Visa: United States, Canada, Italy… see more.
The cost of permanent residency in Panama varies depending on the visa option chosen. For example, the Visa de Países Amigos can start from $5000 and upwards, considering legal fees and government expenses.
If you hold a Friendly Nations visa in Panama, you can be absent from the country for up to 2 years without losing your residency. However, if you’re unable to return within that time frame, you’ll need to start the process anew.
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