In recent years Panama has become a prime choice for people (mainly retirees) wishing to relocate to warmer climes from North America and Europe. Panama welcomes these new immigrants warmly, offering a number of alternative visas.

Types of Visas

Self Sufficient Funds

Option 1: Open a CD deposit of US$300,000 for 3 years in a Panamanian Bank.

* Permanent residency

* Right to opt for

* Panamanian citizenship

Option 2: Real Estate investment of US$300,000 (if property value is higher than US$300,000, the applicant is entitled to obtain a mortgage for the remaining amount).

Option 3: Mix investment: CD deposit and real estate investment is allowed as long they reach the amount of US$300,000.

Pensionado

Letter from a government pension entity, private pension administration, mutual funds administration stating that the petitioner receives a monthly pension of US$1,000 for life, plus $250 for each dependent.

* Permanent residency for principals

* Right to opt for Panamanian citizenship

* Tax free import of a vehicle every 2 years

* One-time tax free import of households up to US$ 10K

* Discounts on goods and services

The combine pension of a marriage can be presented as long as they comply with the minimum amount of US$1,000.

If the pension is paid by a private entity, the petitioner must furnished a letter from the mutual administration, pension funds administration stating that the pension are going to be paid for life.

Large Investor

Required Investment of US$160,000 through a Panamanian corporation.

* Permanent residency

* Right to opt for Panamanian citizenship

Type of investment: All investments, excluding activities restricted by Panamanian constitution.

Company must be registered at the social security program.

5 Panamanian employees as minimum.