VLOG – Keeping USD $5,000 in a personal bank account to apply for FNV

The Friendly Nations Visa is a popular immigration program among expats. If you have dependents you are required to demonstrate financial solvency by providing a reference letter from a Panamanian Personal bank account holding a minimum of US $5,000.00.

Please note that if you have a joint bank account then the minimum amount required to prove financial solvency is US $8,000.00.

The purpose of this requirement is to demonstrate financial solvency. However, those funds belong to the applicant at all times, and are NOT part of the application cost. In fact, our clients find that they can deposit these funds and use them.

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If you have questions about the Friendly Nation Visa send us a note to info@kraemerlaw.com You can also take advantage of the fees calculator on our website or request a cost estimate now.

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Published April 23rd, 2019, as Video on Immigration by Johana Sum