Panama Golden Visas: Investor & Pensioner Programs
In Panama, investors and retired pensioners have options to apply for permanent residency.
Below, we share a comparative table with two types of permanent residency: the first, called Permanent Residency for Economic Reasons - Qualified Investor, and the second, called Permanent Residency for Special Reasons - Retired Pensioner.
Take a look at the available options according to your needs:
| Permanent Residence - Qualified Investor | Permanent Residence - Retired Pensioner | |
|---|---|---|
| Migration Category | economic reasons | special reasons |
| Type of Investment | Real Estate: purchasing properties in Panama. Promise to Purchase Agreement: securing a future transaction. Investment in Securities: through an approved securities house. Fixed-Term Deposits: opening accounts with substantial amounts in local banks | Pension or Retirement: guaranteed monthly income from foreign governments, international organizations, or private companies. |
| Investment Requirements | B/.500,000 in the purchase of real estate or in investments in securities. B/.750,000 in fixed-term deposit certificates. | A lifelong, verifiable minimum monthly pension of US$1,000.00. |
| Additional Requirements | Present documentation that demonstrates the legitimacy of the investment. Investment certifications and availability of funds in case of dependents. Notarial documentation related to the investments. | Notarized power of attorney and a formal application. Criminal and health background certificates to ensure the applicant does not pose a risk to public safety. Additionally, proof of financial capability to cover expenses must be presented. |
| Financial Support | Requires demonstrating that the investment is legitimate and that the funds are of legal and clear origin. Confirmation of the investment is necessary to maintain residency. | The applicant must demonstrate a guaranteed monthly income through a pension or retirement that ensures their living ability in Panama. |
| Dependents | Dependent children have temporary permission until the age of 25 while in full-time education; they do not obtain permanent residence status unless they have a disability. | It is required to demonstrate additional financial solvency of B/.250.00 for each dependent. Dependents are not counted as part of the investment. |
| Permit category | The residency permit is indefinite but may be subject to review if the initial investments are changed or canceled. | The residency permit is indefinite but may be subject to review if the initial investments are changed or canceled. |
| Flexibility | Allows for various forms of investment and financing, adapting to different investment capacities. Offers opportunities for additional economic returns through rentals. | Mainly based on the stability and certainty of income through pensions, with no need for additional investment. Ideal for those looking for a more relaxed and comfortable lifestyle without engaging in the investment market. |
| Application Process | Requires meeting all investment documentation and necessary certificates; may be more complex due to the variety of required documents. Review process by authorities due to the nature of the investments. | The process may be simpler, focused on the veracity of income and health and background requirements. Generally less documented, as it relies on verification of income sources |
| Legal Basis | Executive Decree No. 722 of October 15, 2020: establishes requirements for investors. Executive Decree No. 109 of October 13, 2022: complements and details procedures. | Political Constitution of the Republic of Panama; Law 9 of June 24, 1987: regulates migration issues for retirees. Decree Law 3 of February 22, 2008: sets specific conditions. Executive Decree No. 320 of August 8, 2008: specifies administrative procedures. |