How to obtain Residency in Panama

Panama offers multiple pathways to residency, catering to both retirees and working professionals. The government provides various visa programs, each with distinct advantages. This guide delves into the types of residency available, required documentation, and the application process, ensuring you have comprehensive information to consider a move to Panama.

## Types of Residency Visas

### Retirement Visa (Pensionado Visa)
The Pensionado Visa is designed for retirees with a lifetime pension or guaranteed income. Applicants must demonstrate a monthly income of at least $1,000, with an additional $250 required per dependent. This visa offers benefits like discounts on healthcare, transportation, and entertainment.

**Basic Requirements:**
– Proof of pension or income.
– Valid passport and secondary ID.
– National criminal background certificate.
– Health certificate from a Panamanian medical facility.
– Marriage and birth certificates (if applying with family).

### Friendly Nations Visa
This program focuses on citizens from specific countries that have established professional and economic ties with Panama. As of 2021, the required investment has been modified, making it slightly more complex than before. Applicants must now either invest in real estate in Panama or open a Panamanian corporation.

**Friendly Nations List Includes:**
– Andorra
– Argentina
– Australia
– Austria
– Belgium
– Brazil
– Canada
– Chile
– Costa Rica
– Croatia
– Cyprus
– Czech Republic
– Denmark
– Germany
– Ireland
– Israel
– Latvia
– Liechtenstein
– Lithuania
– Luxembourg
– Malta
– Mexico
– Monaco
– Montenegro
– Netherlands
– New Zealand
– Norway
– Paraguay
– Peru
– Poland
– Portugal
– San Marino
– Serbia
– Singapore
– South Korea
– Spain
– Sweden
– Switzerland
– Uruguay

**Basic Requirements:**
– Valid passport and secondary ID.
– National criminal background certificate.
– Health certificate from a Panamanian medical facility.
– Proof of financial stability or employment.
– Investment in real estate or shareholding in a Panamanian company.

### Professional Employment Visa
Ideal for professionals who have secured employment in Panama. Employers are required to sponsor the visa and the role should align with your qualifications or profession.

**Basic Requirements:**
– Valid passport and secondary ID.
– National criminal background certificate.
– Health certificate from a Panamanian medical facility.
– Employment contract from a Panamanian company.
– Proof of professional qualifications or certifications.

### Self-Economic Solvency Visa
This visa targets individuals with substantial personal wealth. Applicants must invest in Panamanian real estate or time deposits, with a minimum investment threshold in each case.

**Basic Requirements:**
– Proof of investment in real estate or time deposits.
– Valid passport and secondary ID.
– National criminal background certificate.
– Health certificate from a Panamanian medical facility.
– Marriage and birth certificates (if applying with family).

## Application Process

### Step-by-Step Guide

1. **Choose the Right Visa:** Determine which visa suits your circumstances and eligibility.
2. **Gather Basic Documentation:** Compile the required documents, including valid ID, national criminal background certificate, health certificate, and family certificates.
3. **Engage a Panamanian Lawyer:** All visa applications must be filed through a Panamanian lawyer. Seek out legal assistance to streamline the process.
4. **Submit Application:** Your lawyer will help you submit the application to the national immigration office.
5. **Attend Interviews and Medical Checks:** Some visas require an interview or additional medical examinations.
6. **Receive Residency Card:** Upon approval, you will receive a temporary or permanent residency card.

### Common Mistakes to Avoid

– **Incomplete Documentation:** Ensure all documents are correctly authenticated and translated if necessary.
– **Incorrect Visa Selection:** Choose the visa that best fits your eligibility and long-term plans.
– **Ignoring Legal Assistance:** Professional legal advice is crucial for a smooth application process.

## Conclusion
Panama offers diverse pathways for individuals seeking residency, catering to retirees, investors, and professionals. Each visa type has specific requirements and offers unique benefits, making Panama a desirable destination for expatriates. Always engage with a Panamanian lawyer to guide you through the process, ensuring all legal requirements are met.

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**References:**
1. [Panamanian Immigration Authority – Official Guidelines](https://www.migracion.gob.pa/)
2. [Executive Decree No. 226 – Friendly Nations Visa](https://www.gacetaoficial.gob.pa/)
3. [Panama Health Requirements – Ministry of Health](https://www.minsa.gob.pa)

This comprehensive guide should aid in your understanding of how to obtain residency in Panama. Always consult the latest official sources and seek professional legal advice specific to your situation.