Since 2012, Panama Friendly Nations Visa has been operating in Panama. For many investors, this was one of the most popular options for obtaining a residence permit. The program is designed for foreigners, immigrants from states, maintaining economic and professional ties with the republic.
Until August 20, you still have the opportunity to apply under the old rules! Don’t miss it!
What will be changed?
Now, in order to obtain a Friendly Nations Visa of Panama, it is enough to register a local company and have an account in a local bank with a balance of $ 5,000 or more, then from August 20, the candidate must have a two-year residence permit, a local work contract or purchase of real estate from $ 200,000.
At the moment, obtaining a Friendly Nations Visa of Panama is the easiest way to obtain a residence permit in a foreign tax haven. Particularly attractive is the fact that there:
- You DO NOT need to spend time;
- You DO NOT need to own or rent a property.
What are the other benefits of a friendly nations Visa of Panama?
- You can live and work in Panama with the same rights as a local citizen.
- You can open a bank account in Panama where you will be treated like a local – which means there will be no outgoing reporting under the CRS.
- You can spend as much time in this country as you like.
- You can do business outside Panama and pay no taxes, corporate or personal, as long as your income is earned outside the country. No complicated circuits are required.
Only citizens from the following countries that Panama considers as “friendly countries” can participate in this program: Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Ireland, Israel, Japan, Korea, Latvia, Liechtenstein, Lithuania, Malta, Mexico, Monaco, New Zealand, Norway, Paraguay, Poland, Portugal, San Marino, Singapore, Slovakia, Spain, Sweden, Serbia, South Africa, Switzerland, United Kingdom, United States of America and Uruguay.
