VLOG – Do I need $2000 Extra in the Bank Account for each dependent?

*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.

Many clients have the misconception of requiring US $2,000 extra when filling for residency for each dependent.

For Friendly Nations Visa, the applicant only needs $5000 in the bank account regardless of the number of dependents in the application. However, there are other residency types, such as Reforestation Visa, where an additional investment is required per dependent.

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Published November 19th, 2019, as Video on Immigration by Johana Sum