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A Detailed Review of the Panama Friendly Nations Visa

Last Updated on July 3, 2022 by Retire in Panama

panama friendly nations visa

 

As of August 5th, 2021 there are major changes to the Friendly Nations Visa.  See these changes HERE.

There are many reasons why Panama is such a popular destination for people who are looking to move or retire abroad. First things that come to mind are warm climate, many sunny days and relatively low cost of living. Panama is also considered very stable and peaceful country. Besides that, Panama has a growing international population.

This program is designed for younger people still in their income generating yours, or even retirees, which fell that they are not yet done working, and may want to participate in some economic activity in panama, by starting their own business. You must remember, that if you opt in for Panama’s other popular visa, the Pensionado Visa, you can never work in Panama.

Panama is actually very open and foreigners will feel very welcomed here. That’s why Panama Friendly Nations Visa program was created. Compared to similar programs in other countries, this program is easier to enroll in and it costs less. That’s why it became so popular in recent years. The purpose of this program is to make the process of applying for permanent residence easier for the citizens of 50 countries, listed in Panama Friendly Nations Visa list. (see list at the bottom of this article) Selected countries are the countries that have professional or economic ties with Panama.

To sum it up, requirements for this program are following: You have to be resident of one of the countries on the list, you need to have a proof that you are financially solvent, you need to pay some fees and have requested documentation. The financial solvency does not mean you need to be wealthy, just showing your last two years of tax returns that you are earring income, and how you earn that income, will be enough. As we already mentioned, it is also necessary to demonstrate that you have some kind of professional or economic relation with Panama and that can be done in three ways:

The three options to get a Friendly Nations Visa now are:

a. Employment contract to work in Panama, also with approval of working permit or
b. By an investment in a real estate property under your personal name with a minimum value of $200,000.00 which could be financed by a bank in Panama.
c. depositing $200,000.00 as a CD in an Panama bank.

 

Join us on one of our Retire in Panama Tours, and we will be discussing all Visa options in Panama, and which one is right or you.

 

Retire in Panama Tours

It’s more than a tour . . it’s an experience.

 

List of 50 Friendly Nations for Panama Visa

If you are of Italian nationality, you will not see your country listed below, as Panama and Italy have an immigration treaty, that allows their citizens to be residents of either country, with even fewer requirements than the country below.

 

Andorra
Argentina
Australia
Austria
Belgium
Brazil
Canada
Chile
Costa Rica
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Great Britain
Greece
Hong Kong
Hungary
Ireland
Israel
Japan
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Mexico
Monaco
Montenegro
Netherlands
New Zealand
Norway
Paraguay
Poland
Portugal
Republic of Korea
San Marino
Serbia
Singapore
Slovakia
South Africa
Spain
Sweden
Switzerland
Taiwan
Uruguay
USA

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