The Panama Residence by Investment Program, commonly referred to as the Panama Golden Visa, provides a pathway for foreign nationals to obtain residency and potentially citizenship through significant economic contributions to the country. This program is particularly appealing due to its relatively straightforward application process and the benefits it offers.

Investment Requirements

To qualify for residency under this program, applicants must make a minimum investment of USD 100,000. There are three primary routes through which individuals can invest:

• Qualified Investor Route: This involves investments in real estate, the stock exchange, or fixed-term deposits.
• Friendly Nations Route: This option allows investments in real estate, fixed-term deposits, or employment opportunities within Panama.
• Forestry Investor Route: This route focuses on investments related to real estate or teak reforestation projects.

Each of these routes has specific documentation requirements that must be fulfilled as part of the application process.

Application Process

The application process begins with selecting an investment route and preparing the necessary documentation. Applicants must submit completed application forms along with supporting documents that include:

• A valid passport
• Certificates from relevant Panamanian authorities (e.g., Public Registry, National Authority of Land Ownership)
• Proof of the source of investment funds
• Other pertinent financial documents

Once all required documents are submitted, initial due diligence checks are conducted by the National Immigration Service. If successful, applicants will receive a temporary residence permit.

For those who choose the Qualified Investor and Forestry Investor routes, permanent residence permits can be issued immediately after review. For those under the Friendly Nations route, permanent residency is granted after holding a temporary residence permit for two years.

Pathway to Citizenship

After maintaining residency for five years, investors may apply for Panamanian citizenship. However, citizens from certain Latin American countries and Spain may qualify for citizenship after just one to three years of residency. The benefits of obtaining citizenship include:

• The right to live and work in Panama
• Access to a favorable tax regime
• Visa-free travel to numerous countries

It is important to note that there is no strict residence requirement; however, applicants should visit Panama at least once every two years to maintain their residence status.

Benefits of Citizenship by Investment

Investing in Panama not only provides residency but also opens up various advantages:

1. Tax Benefits: Panama has a tax-friendly regime where income generated outside the country is tax-free.
2. Global Banking Hub: The country is known for its robust banking system and privacy laws.
3. Strategic Location: Positioned between Central and South America, Panama serves as a key logistics hub due to its proximity to major trade routes.

In summary, the Citizenship by Investment program in Panama offers an attractive opportunity for high-net-worth individuals seeking residency and eventual citizenship through economic contributions.