Key Benefits of Residency in Panama for Friendly Nations Citizens

What is the Friendly Nations Visa and what are the benefits?

The Friendly Nations Visa in Panama is a government program designed to strengthen economic, cultural, and migration ties between Panama and 50 allied countries. This program grants Permanent Residency to those who meet certain basic requirements.

Main Benefits:

• Fast immigration process: Allows applicants to obtain Permanent Residency in a relatively short period.
• Economic opportunities: Residents can start businesses, access formal employment, and establish commercial relationships in the country.
• Tax exemptions: Panama operates on a territorial tax system, meaning income generated outside the country is not subject to local taxes.
• Legal security: Offers legal stability and a favorable framework for foreign investment.
• Enhanced quality of life: The country boasts excellent weather, high-quality healthcare services, and a low cost of living.

Countries included in the ‘Friendly Nations’ program

Panama has outlined a list of 50 allied countries, selected based on shared interests and diplomatic ties. Some of them include:

• Spain
• Chile
• United States
• Canada
• Argentina
• Uruguay
• United Kingdom
• France
• Australia
• Germany

For the full and updated list, you can check the official website of the National Migration Service of Panama.

Requirements to apply for the Friendly Nations Visa

Required Documents:

• Valid passport (original and copy).
• Apostilled criminal record certificate from your country of origin.
• Proof of financial solvency: This can be demonstrated through a work contract in Panama, a bank certification, or an investment in a local business.
• Completed visa application form.
• Passport-sized photographs.

The process is typically handled through expert immigration attorneys, as they maximize the chances of success by ensuring all legal requirements are met.

How to maintain Permanent Residency status in Panama?

As a Permanent Resident, it’s essential to be aware of certain obligations to keep this status within the legal framework:

• Visit the country periodically: Permanent residents must visit Panama at least once every two years. Otherwise, they risk losing their residency status.
• Avoid prolonged absences: If a resident remains outside Panama for more than six consecutive years, their permit may be revoked.

In case residency status is lost, legal processes are available to request a rehabilitation of the residency permit, provided the necessary requirements are met.

How to start your residency process with Limitless Legal?

At Limitless Legal, we are experts in managing immigration procedures for the Friendly Countries Visa in Panama. We offer personalized advice and step-by-step guides to ensure that your application is successful.

By contacting us, we will help you meet the necessary requirements, make the request and comply with all regulations required by immigration authorities.

Our goal is that the process is fast, simple and, above all, without legal complications.