Panama’s Friendly Nations Visa
The most popular international visa is Panama’s Friendly Nations Visa. Whether you want to create an exit strategy, open an international business or foreign bank account, or actually move to Panama, take a look at Panama’s Friendly Nations Visa.
Panama created a Permanent Residency Program that applies citizens of top 50 countries, granting them permanent resident status, a Panamanian certificate and the right to request a work permit indefinitely, only with few requirements. The following are some countries that may apply:
|France||Germany||Great Britain||Greece||Hong Kong|
Requirements to Apply
To apply for Panama’s Friendly Nations Visa, you’re required to prepare certain legalized/apostilled documents before traveling. These include History or criminal background, marriage certificates, Birth, School Transcripts (if applicable with children) and ID Copy of your country.
You also need to open a bank account with at least $5,000 and bring reference letters and other supporting documents.
Benefits of the Friendly Nations Visa
After 3 years of temporary visas, this permanent status can’t be taken away from you. If you want a permanent visa from day one, then consider Nicaragua.
Once completed the process before the National Migration Service, you will receive a Panama certificate.
Once approved, you can apply to the Ministry of Labor of Panama for a “Work Permit”, without restrictions of personnel and without requiring a Panamanian company.
Like most tax havens, Panama is closing its banks to foreigners. If you want a business account in Panama, you need residency.
|Dream of living with your toes in the sand and seashells in your hand? Take a virtual look into what you can expect when visiting or living on a Caribbean Island off the coast of Belize. Grab a fruity drink and join us as we introduce you to the expat and adventure tourist lifestyle that awaits you on Ambergris Caye through the lens of those who have done it! Register for the live event taking place October 26th @ 5 pm ET.|
If you’re making multiple visits to Panama, you now need residency. The government is cracking down on residents without visas. See: Panama cracking down on residents without visas.
Applying With Children For Panama’s Friendly Nations Visa
The applicant of nationality in the list of friendly countries may include in the same application as its dependents: “spouses, children under 18 years, parents and children with disabilities.
Older children, from 18 years to 25 years may be requested as dependents provided they’re enrolled in a University in Panama and are under economic dependence of the principal applicant.
You can apply for citizenship in Panama after 5 years of residency. As of July 2019, a second passport from Panama gets you visa-free or visa on arrival access to 140 countries and territories, ranking the Panamanian passport 35th in terms of travel freedom (tied with Macao, Saint Lucia and Saint Vincent and the Grenadines passports).
Thus, the Panama passport is on par with a second passport from St. Lucia. You can get a passport from Panama with an investment of $20,000 (see below) and a passport from St. Lucia with an investment of $550,000 plus $50,000 in fees.
With St. Lucia you get your passport immediately and with Panama, you need to wait 5 years. Panama allows you to earn your passport through residency.
How to apply?
There are three ways to apply for residency under the friendly nations visa.
- Buy residential real estate valued at $350,000 or more. Most spend $500,000+
- Start a business in Panama. This comes with tax filing and other obligations, but no fixed investment required.
- Invest $20,000 in Panama’s green initiative.
Of these visa options, most go with the green initiative – which is to invest $20,000 in Panama’s friendly nations reforestation program. For more information, see: Best Panama Residency by Investment Program.
Need help setting up your Panama Friendly Nation’s visa for you yourself and your family? Contact us here for assistance.
Here is probably the most extensive ebook on Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments. It is called The Ultimate Guide To Going Offshore. Visit our bookstore to purchase it today!
Here is another great article: Nicaragua Passport – One of The Best Spots For Financial Foreign Investments
Like Our Articles?
Then make sure to check out our Bookstore... we have titles packed full of premium offshore intel. Instant Download - Print off for your private library before the government demands we take these down!