Anyone from any country can apply for this visa in Panama
Minimum requirements
A lifetime pension of a minimum of $1,000 per month. If coming with spouse the pension must be $1,250.00. You can bring other relatives such as children or parents and the pension must increase in $250 per each person you bring.
Police Record from the country of origin for all adults applying for the visa.
Marriage Certificate if you come with spouse.
Birth Certificate if you come with children or the Birth Certificate of the applicant if coming with parents.
There are other requirements that can be obtained in Panama.
ALL DOCUMENTS coming from abroad must come duly legalized through the Panamanian Consulate in the Country of Origin or through Apostille.
Benefits:
You will get an exemption from import tax for household goods.
You will have an exemption from import taxes to import a new car every two years.
You can get discounts on things like utility bills, airline tickets, medical fees, and entry fees for movie theaters and cultural and sporting events, etc., as follows:
25% discounts on utility bills.
25% discount on airline tickets and
30% on other transportation.
15% discount on loans made in your name.
1% reduction on home mortgages personal residence.
20% discount on doctor’s bills and 15% on hospital services if no insurance applies.
15% off dental and eye exams.
20% discount on medicines.
20% discount on bills for technical services.
50% discount on entrance to movie theaters and cultural and sporting events.
50% discount at hotels from Monday to Thursday, 30% on weekends.
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This visa grants Permanent Residency to applicants who invest in Real Estate in Panamá for a minimum of US$500,000. At this moment and until October 2024, the minimum investment is US$300,000.
In relation to the migratory procedures to apply for a residence in our country through an Agrarian Investor Visa, we are pleased to detail the requirements, expenses, fees and processing time to carry them out.
In connection with your application for immigration and work permit procedures, you could apply for a temporary residence permit as a worker hired by a company under the Marrakech agreement.