Executive Decree 416 of June 13th, 2012 creates within the migratory category, a subcategory that allows permanent residency to foreigners from countries that maintain friendly, economic, professional, and investment relations with Panama.
To prove economic or professional ties, one of the following ways may be chosen:
- Possessing a property in Panama
- Owning a Panamanian corporation
- Having been hired by a Panamanian company
To see the full list of countries that qualify for this visa and the requirements to apply visit here.