Permanent residency visa based on economic solvency by a fixed-term deposit

Foreigners who invest a minimum amount of three hundred thousand balboas (B/.300,000.00) in a fixed-term deposit and can demonstrate that the funds come from abroad can apply for this residency Visa.

This visa is granted for a period of two years, and subsequently, upon expiration, the applicant may apply for permanent residence with the right to a permanent resident card issued by the Electoral Tribunal of Panama.

To include dependents, an additional investment of B/. 2,000.00 is required.

The requirements to apply for provisional residence are as follows:

1. Powers of attorney and forms that we will provide for your signature.
2. Five (5) passport-sized photographs.
3. Copy of your passport's complete pages with a minimum validity of three months.
4. Criminal record certificate from the country of origin or residence, duly apostilled or authenticated at the Consulate of Panama in the country where it was issued.
5. Certificate of good health issued by a doctor in Panama.
6. Payment of B/.250.00 to the National Treasury for the right to migratory category. (Certified check)
7. Payment of B/.800.00 to the National Immigration Service for repatriation deposit. (Certified check)
8. Bank certification indicating the opening of a fixed-term deposit account in the name of the applicant, for the amount of three hundred thousand balboas (B/.300,000.00) or its equivalent in foreign currency, with a minimum duration of three (3) years, in any general license bank in the national territory. This fixed-term deposit must be free of liens.
9. Copy of the fixed-term certificate authenticated by the bank.

To apply for permanent residency, the above requirements must be submitted except for the Certificate of Criminal Records and the checks.