The Panamanian government has created several laws that enable foreigners to obtain legal Panama passports and residency. Most of these laws have been created to promote foreign investment in the country which benefits the local environment or local economy of the Republic of Panama.
Below we have listed several immigration programs which offer permanent residency leading to passports, as well as several that are designed as work visas only. Also there are two different opportunities for an immediate passport.
Obtaining a second passport in Panama is useful for those who wish to:
For more in depth detail, click on each of the visa categories:
Yes, you will need to travel to Panama to obtain your visa or passport. For the visa you will need to be present for the filing of the application, then you receive an interim card lasting 3 months and within that time the visa will be issued.
You need to be in Panama when the visa is issued and you should preferably be in Panama from the filing of the application to the issuance of the visa.
If you decide to travel outside Panama before your visa is granted, you will want to obtain a multiple entry permit. For either passport or visa issuance you will need to appear in person again for photos immediately prior to the passport or visa issuance.
We recommend that if you obtain a visa to reside in Panama, and you wish to live overseas, that you make plans to visit Panama at least once a year (legally you may be away up to two years). In any case, you must obtain a multiple entry permit valid for up to two years before leaving.
We may assist you on obtaining this permit. Of course once you have a Panama passport you can choose to live anywhere and do not have to return to Panama if you don’t wish to except when the passport needs to be renewed. Passports are valid for 10 years and can be renewed at any Panama consulate, although for faster processing most prefer to come to Panama to renew passports.
Once you obtain a visa in Panama, even if you decide to live here permanently, but you wish to travel often, we recommend obtaining a Multiple Entry Permit. This will not be necessary once you have been issued with a Panama passport.
Panama is becoming increasingly popular as a 'Plan B' option for those alarmed at the current global economic unrest or alarmed at the increasing authoritarian tendencies in their own countries (i.e. Venezuela, Russia, U.S.A. etc.).
Many international investors and companies find Panama to be an excellent location for investing in reforestation, manufacturing plants, assembly plants, and distribution facilities for import/export, e-commerce, call centers, and a variety of other business activities. Many times, investors find that legal residency qualification is just an 'extra benefit' to the investments that they are making in Panama.
For more information on Panama as an offshore destination
Or for more information on our different economic citizenship programmes
If you are interested in relocating to Panama, or obtaining a Panama passport, please contact us for a personal consultation.