PanamaQualified Investor Visa - Residency By Investment
- Tax Optimization
- Lower costs of Living
- Family Inclusion
- Safe Environment
- Low Residency Requirements
Overview
Panama’s Qualified Investor Visa, incepted in October, 2020, allows foreign investors to obtain a permanent residence status, so-called Golden Visas in Panama through qualified investments. There are three investment avenues, each has the fixed investment threshold, with very short and straightforward application process:
- Investment in a real estate
- Fund investments
- Deposit in a Panama bank
Investment must be held for at least five (5) years.
Family Inclusion
Main applicants for Panama’s Qualified Investor Visa program can include family members in the residency application, including a spouse, children under 18, children up to 25 years of age if they are single, financially dependent, or students, and parents without age restrictions.
Residency Requirements
Panama Golden Visa holders are required to visit the country at least once every two (2) years to maintain their residency status.
Residence Permit Validity
The obtained residence permit through the ‘Golden Visa’ program provides foreign investors with the right to live, work and study in Panama and offers a clear path to citizenship. Initially, approved within a time span of about 30 days, applicants receive a residence permit valid for two (2) year, which can be renewed for another five (5) years through the National Immigration Service. Panamanian citizenship can be attained after five (5) years of continues legal residence in Panama.
Benefits
Secure & Strategic Location
Affluent Lifestyle
Tax Advantages
Business Expansion
Access to Premium Banking
Wealth Protection & Diversification
Investment Options
| A real estate investment | USD 300,000*
* the limited time offer available until October, 2024. Afterwards the investment threshold might be returned to USD 500,000 |
| A fund investment through a brokerage firm | USD 500,000 |
| Deposit in the banking sector in Panama | USD 750,000 |
Applicable Fees
| Application processing fee | USD 5,000 |
| Legal fees | USD 2,000-10,000 |
| National Migration Service fee | USD 5,000 – Main applicant
USD 1,000 per adult family member |
| National Treasury deposit | USD 5,000 – Main applicant
USD 1,000 per adult family member |
Application Process
Bayat Legal Services' compliance team will conduct an internal due diligence check, including a background security screening of the applicant, preparation of KYC (Know Your Client), and a qualification assessment. This process is designed to minimize the risk of application denial.
Preparation of a customized list of documents begins when the client signs a retainer agreement with Bayat Group. This process includes gathering the necessary documents for the application, such as translations, certified copies, and the required government forms, while applicants make decisions on their chosen investments.
Bayat Group will assist to accomplish the investment and curate the application submission. The required documentation for the residency application includes: a passport, police certificate, medical examination certificate, financial statements, birth & marriage certificates (if applicable), etc. Applicants need to attend an interview with the Panamanian immigration authorities.
Successful applicants will be granted a residence permit in Panama. Application process can be accomplished in 30 days. The initial ID cards are valid for two (2) years and but can be renewed for an additional five (5) years. After five years of continuous legal residence in Panama, it is possible to apply for citizenship.