Who can apply for this permanent residence permit?
All the foreigners who can make a minimum investment of US$300,000.00 to US$750,000.00.
The National Immigration Service and the Ministry of Commerce and Industries, approved some of the following options of how the investment of US$300,000.00 to US$750,000.00 can be proved:
Are dependents accepted?
Yes. Only the spouse, parents and children are considered dependents. The dependents are not required to directly prove financial solvency.
The request for a Permanent Residence Permit may be submitted before entering the country or while foreigners are in Panama, always through a legal representative. This application will be presented at a special office window and as it is a special permit, the National Immigration Service has declared that the resolution regarding the resident permit must be issued within thirty (30) business days from the application of the permanent residence.
To maintain the permanent residence permit, it is necessary that the investment be kept for minimum a period of five years. If the investment ceases or ceases to exist before the end of this term, without reinventing itself in the terms of the law, it will result in the immediate cancellation of the permanent residence that was granted.