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

*Note:* The $5,000 in a Panamanian bank account were a requirement for the previous Friendly Nations Visa. As of August 7th, 2021 this is no longer a requirement.

The Friendly Nations Visa is a popular immigration program among expats. Applicants find that requirements include a personal bank account funded with at least USD $5,000.

The purpose of this requirement is to demonstrate financial solcency. 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 almost immediately.

See Marcos Kraemer’s explanation in this video.

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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