Person of Means Visa, Panama Passport
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to Panama Passports | Investor
Visa 
Visa Description
Designed for those who wish to live in Panama, not
being employed or starting a business, but living of
their own means.
There are now three options available for this visa
category:
- The person must have a two-year certificate of deposit
in any local bank with a minimum of $300,000 or
- Buy in his own name, a real estate property in Panama
for the minimum sum of US$300,000, and provide proof
of the source and sum of the revenues with which he
will cover his living expenses in Panama; or
- Buy in his own name, a real estate property in Panama
for the minimum sum of US$300,000, plus also have a
time deposit in his name, in a bank located in Panama,
with a 2 year duration, for a minimum of US$100,000,
and provide proof of the source and the sum of revenues
with which he will cover his living expenses in Panama.
It is granted provisionally for one year and after
renewal it is granted permanently with the right to
be issued a Cedula (local identity card). Five years after obtaining the permanent visa, holders
will be eligible to obtain Panamanian Nationality.
General Rules
- All visa applications must be made through a Panamanian
lawyer.
- All documents from overseas must be authenticated,
please see below “Documents required from Home”.
- There is no age limit or maximum required for applying
for any of these visas, save for the minimum legal
age of 18 years. Youngsters under 18, will qualify
for a visa as dependents of their parents.
- None of these visas grant work permits.
Documents
Documents Required from Home
- Document Specifications
- All documents must be authenticated by a
Notary and by the Panamanian Consulate nearest you,
or by a Notary and the Apostille. The Apostille (The
Hague Convention of 1961) is a faster way of authenticating
documents and is normally obtained through the Secretary
of State Department in your home state (in the USA)
or through the Foreign Office (in UK and Canada).
- All documents must be fresh (within 2 months
of visa application) and passports must have at least
1 year to run.
- Dependents: If your spouse will be covered
by your visa, you need to bring Marriage Certificate.
However, original marriage certificates are not acceptable
if over 2 months old, you need to request fresh ones.
If your children (under 18), are to be covered by
your visa, you need to bring fresh Birth Certificates
(not the original ones).
- Documents Required
- Valid Passport.
- 6 passport-size photos (gentlemen in suit
and tie; ladies in blouses or dresses with sleeves).
- Police Record of your place(s) of residence
for the past five years.
- Marriage Certificate (if your spouse is to
be included as dependent in your visa).
- US$100,000 to establish a Certificate of Deposit
with any bank in Panama, for two years.
Documents to be Obtained in Panama
There will be a number of documents which must be obtained
or issued in Panama, for example, Health Certificate,
HIV test, Applications, etc. We will assist you with all documentation to be obtained
in Panama.
If you are interested in relocating to Panama, or
obtaining legal residency in Panama, please contact
us for a personal consultation.
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