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PANAMA FRIENDLY NATIONS VISA
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About the Panama Friendly Nations Visa
**Please note the Panama Friendly Nations Visa program has changed as of August 7, 2021. This page has been updated to reflect the new program requirements and process.**
By Executive Decree 343 of May 16, 2012, the migratory subcategory of Permanent Residency for Friendly Nations was created, by virtue of which citizens of specific countries, with economic or professional ties with Panama, may apply for residency.
The process begins with filing the initial application with the immigration office for a temporary residency permit. It usually takes 6 months (sometimes less) to resolve the initial application and then issue a provisional residency permit.
Once the provisional residency permit is issued, it is valid for 2 years, during which the applicant must maintain the requirements mentioned below.
After two years, the holder may apply for permanent residency. This may also take 6 months (sometimes less). Once the application is approved, the provisional residency permit is replaced by a permanent residency permit.
Provisional Residency
This immigration program first grants a provisional residency permit, for 2 years, before applying for and obtaining a permanent residency permit. In general, it takes three years to obtain permanent residency.
The requirements to obtain Provisional Residency are as follow:
Five passport size photos.
Passport and second id, such as driver’s license or state ID.
In terms of economic capacity, one of the following:
Employment contract in Panama: requires an employment contract between the applicant and a Panamanian company.
Real Estate Ownership: Requires the applicant to own a Panamanian property with a registered value of at least USD $200,000, which can be financed with a local institution.
Certificate of Deposit: Deposit of at least USD $200,000 in a national bank in Panama. This must include title, value, term, and must be free of encumbrances with a minimum validity of 3 years.
Clean criminal background check from the country of citizenship, or country of residence for the last two years (in this case proof of residence permit is required). The criminal check must be national, so for the U.S. for example, it must be from the FBI.
USD $800.00 per certified check issued to the National Immigration Service for the repatriation fee.
USD $250.00 per certified check issued to the National Treasury for the application fee.
Health certificate issued by a local doctor within the last 90 days prior to submitting the application.
Sworn declaration (available in our website’s Resources)
To obtain permanent residency, the applicant must have hold the provisional residency for at least 2 years. The application for permanent residency requires the same documents used to obtain provisional residency, which must be up to date. On top of that, the applicant must also submit his provisional residency.
If the applicant wants to include his/her spouse, a marriage certificate (valid for 6 months only) and all the requirements listed above must be presented.
Likewise, if the application includes dependent children, you must include the birth certificate for each of them.
Important Remarks
All documents originating abroad must be apostilled (at the Secretary of State) or authenticated at the Panamanian Consulate in your country.
Contact us today if you intend to apply for permanent residency in Panama with the Friendly Nations Visa Program.
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FEES & COSTS
FRIENDLY NATIONS VISA
Cost for main applicant: $2,900. ($1,500 Legal + $1,400 Government)
Cost for dependent 12+ years old: $2,000. ($600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $1,100 ($600 Legal + $500 Government)
The total costs for Friendly Nations Visa is broken down in 3 payments:
Payment 1: Initial Retainer, for 50% of total Legal Fees and a portion of process expenses.
Payment 2: On application submission, for Government Costs.
Payment 3: On application completion, for 50% of total Legal Fees.
FEES & COSTS
RETIREES & PENSIONER VISA
Cost for main applicant: $1,900. ($1,500 Legal + $400 Governments)
Cost for any dependent: $900 ($600 Legal + $300 Government)
The total costs for Retirees & Pensioner Visa is broken down in 3 payments:
Payment 1: Initial retainer, for 50% of total legal fees and a portion of process expenses.
Payment 2: On application submission, for remaining government costs.
Payment 3: On application completion, for 50% of total legal fees.
FEES & COSTS
PANAMANIAN CITIZENSHIP
Cost per applicant: $5,800 ($5,000 legal + $800 government)
The total cost of the Panamanian Citizenship is broken down into 3 payments:
Payment 1: Initial Retainer
Payment 2: On application submission
Payment 3: On application completion
FEES & COSTS
DIGITAL NOMAD VISA
Cost for main applicant: $1,500. ($1,000 Legal + $500 Government)
The total cost DOES NOT cover the Private Medical Insurance in Panama.
The total cost for Digital Nomad Visa is broken down into 1 payment:
Payment 1: Covers all legal and government costs.
FEES & COSTS
REFORESTATION VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $5,000. ($3,000 Legal + $2,000 Government)
Cost for dependent 12+ years old: $3,000. ($1,600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $2,000. ($1,400 Legal + $600 Government)
The total costs for Reforestation Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
REFORESTATION VISA - PERMANENT RESIDENCY
Cost for main applicant: $1,400. ($1,000 Legal + $400 Government)
Cost for dependent 12+ years old: $900. ($600 Legal + $300 Government)
Cost for dependent under 12 y/o: $900. ($600 Legal + $300 Government)
The total costs for Reforestation Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, another portion of legal and government costs.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
PANAMA – ITALY TREATY VISA
Cost for main applicant: $2,100. ($1,500 Legal + $600 Government)
Cost for dependent under 12 y/o: $1,100. ($600 Legal + $500 Government)
Cost for dependent 12+ years old: $1,200. ($600 Legal + $600 Government)
The total costs for Panama-Italy treaty visa are broken down into 3 payments:
Payment 1: Initial Retainer, for 50% of total Legal Fees and a portion of government costs.
Payment 2: On application submission, for government check.
Payment 3: On application completion, for 50% of total Legal Fees and remaining government costs.
FEES & COSTS
MARRIED WITH PANAMANIAN VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $2,200. ($1,500 Legal + $700 Government)
The total costs for the Married with Panamanian visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, includes another portion of legal fees and government costs.
Payment 3: On application completion, includes the remaining legal fees and government costs.
FEES & COSTS
PANAMA SELF-SOLVENCY VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $5,000. ($3,000 Legal + $2,000 Government)
Cost for dependent 12+ years old: $3,000. ($1,600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $2,000. ($1,400 Legal + $600 Government)
The total costs for Panama Self-Solvency Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
PANAMA SELF-SOLVENCY VISA - PERMANENT RESIDENCY
Cost for main applicant: $1,400. ($1,000 Legal + $400 Government)
Cost for dependent 12+ years old: $900. ($600 Legal + $300 Government)
Cost for dependent under 12 y/o: $900. ($600 Legal + $300 Government)
The total costs for Panama Self-Solvency Visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for the remaining legal fees and government costs.
FEES & COSTS
FRIENDLY NATIONS VISA - PROVISIONAL RESIDENCY
Cost for main applicant: $3,200. ($1,800 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $1,200 ($600 Legal + $600 Government)
Cost for dependent 12+ years old: $2,000. ($600 Legal + $1,400 Government)
The total costs for Friendly Nations Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
FAMILY REGROUPING VISA - PROVISIONAL RESIDENCY (Visa for Dependents of Panamanian Residents)
Cost for first dependent: $3,200. ($1,800 Legal + $1,400 Government)
Cost for any other dependent under 12 y/o: $1,200 ($600 Legal + $600 Government)
Cost for any other dependent 12+ years old: $2,000. ($600 Legal + $1,400 Government)
The total costs for Family Regrouping Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
FRIENDLY NATIONS VISA - PERMANENT RESIDENCY
Cost for main applicant: $2,300. ($2,000 Legal + $300 Government)
Cost for dependent under 12 y/o: $900 ($600 Legal + $300 Government)
Cost for dependent 12+ years old: $900. ($600 Legal + $300 Government)
The total costs for Friendly Nations Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, includes legal and government costs
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
MARRIED WITH PANAMANIAN VISA - PERMANENT RESIDENCY
Cost for main applicant: $1,300. ($1,000 Legal + $300 Government)
The total costs for the Married with Panamanian visa are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, includes another portion of legal fees and government costs.
Payment 3: On application completion, includes the remaining legal fees and government costs.
FEES & COSTS
QUALIFIED INVESTOR VISA
Cost for main applicant: $16,000 ($5,000 Legal + $11,000 Government)
Cost for dependent under 12 y/o: $2,000 ($700 Legal + $1,300 Government)
Cost for dependent 12+ years old: $3,000 ($700 Legal + $2,300 Government)
The total costs for the Qualified Investor Visa are broken down into 2 payments:
Payment 1: Covers 50% of Legal Fees + $500 of Government Costs
Payment 2: Covers 50% of Legal Fees + remaining Government Costs
FEES & COSTS
FAMILY REGROUPING VISA - PERMANENT RESIDENCY (Visa for Dependents of Panamanian Residents)
Cost for first dependent: $1,800. ($1,500 Legal + $300 Government)
Cost for any other dependent under 12 y/o: $900. ($600 Legal + $300 Government)
Cost for any other dependent 12+ years old: $900. ($600 Legal + $300 Government)
The total costs for Family Regrouping Visa is broken down in 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, another portion of legal fees and government costs.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
REFORESTATION VISA - EXPRESS
Requires minimum investment of USD $360,000
Cost for main applicant: $7,500. ($5,000 Legal + $2,500 Government)
Cost for dependent 12+ years old: $3,000. ($1,600 Legal + $1,400 Government)
Cost for dependent under 12 y/o: $2,000. ($1,400 Legal + $600 Government)
The total costs for Reforestation Visa (Express) are broken down into 3 payments:
Payment 1: Initial Retainer, includes a portion of legal fees and government costs.
Payment 2: On application submission, for Government Checks.
Payment 3: On application completion, for the remaining legal fees and government costs.
FEES & COSTS
The Friendly Nations Visa Package 1 (Work Contract) includes:
Cost of provisional residency for all applicants of the Friendly Nations Visa
Cost of IBC with Nominees
Cost of Business License
Cost of Annual Fees for 3 years includes: Nominees $900 ($300 per year) Annual Government Fees $900 ($300 per year) Resident Agent $900 ($300 per year) Zero-Income Tax Return $600 ($200 per year)
Cost of job offer for the Main Applicant
Cost of Work Permit for the Main Applicant
Cost of Bank assistance $400 (only applicable if main applicants has dependants)
FEES & COSTS
Friendly Nations Visa Package 2 (Real Estate) includes:
Cost of provisional residency for all applicants of the Friendly Nations Visa
Cost of Legal Assistance for Property under $2,000
Additionally, the cost of Notary, Public Registry, and Transfer Tax is not included yet. The Kraemer & Kraemer team will notify you of the amount due when the application is already in progress.
FEES & COSTS
The Friendly Nations Visa Package 3 (Certificate of Deposit) includes:
Cost of provisional residency for all applicants of the Friendly Nations Visa
Cost of Bank Account Opening Assistance and Certified Deposit