Panama has introduced a Golden Visa program, allowing foreign nationals to invest in the country and apply for a residence permit. Panama's Residence by Investment Program, also known as the Panama Golden Visa, offers individuals the opportunity to obtain residency by investing in the country, a well-developed, service-based economy and an international banking center. The program allows high-net-worth individuals to contribute to the nation's development and become Panamanian residents, with the possibility of acquiring citizenship after five years. Key Benefits include the right to live, work, and study in Panama, access to Central, South, and North American markets, and residency for a spouse, children under 18, and other eligible family members. Eligibility for citizenship is available after 5 years of residence. To qualify, applicants must choose one of three investment routes: 1. Forestry Investor: Investment in a company with a forest registry with the Ministry of the Environment, with options to invest $100,000 or $350,000 in teak reforestation, granting immediate permanent residence. Investments must be held for at least 5 years. 2. Qualified Investor: Options include a $300,000 real estate investment, a $500,000 stock market investment, or a $750,000 fixed-term deposit. Investments can be made personally, through a corporation, or a Panama Private Interest Foundation. 3. Friendly Nations: For citizens of Panama's 'friendly nations,' options include a $200,000 real estate investment, a $200,000 fixed-term deposit, or employment by a Panamanian company. The invested funds must come from banks outside Panama. Successful clients can apply for Panamanian citizenship after 5 years of residence. For assistance, contact an experienced Panama immigration lawyer.
