Panama Friendly Nations Visa
Panama's Friendly Nations Visa is available to citizens of approximately 50 countries that Panama considers to have friendly, professional, economic, or investment relations with the Republic of Panama. These countries include the United States of America, all EU member states, the United Kingdom, Canada, Australia, New Zealand, Japan, South Korea, and many others. To qualify, the applicant must demonstrate economic or professional ties with Panama, which can include employment with a Panamanian company, ownership of a Panamanian company, investment in qualifying real estate, or a bank deposit of at least USD 200,000 in a Panamanian bank account.
The Friendly Nations Visa grants temporary residency in Panama initially, which converts to permanent residency after two years. Panama applies a strictly territorial tax system, meaning that only income sourced within Panama is subject to Panamanian income tax; all foreign source income is entirely exempt from Panamanian tax regardless of whether the individual is a Panamanian resident or citizen. After 5 years of legal residence in Panama, residents may apply for Panamanian citizenship and passport, which provides access to approximately 140 countries. Panama offers a stable banking system, strong legal infrastructure based on the civil law tradition, and a growing economy anchored by the Panama Canal.
Qualified Nations List
Citizens of approximately 50 countries designated as having friendly or professional relations with Panama qualify for the Friendly Nations Visa, including all EU member states, the USA, UK, Canada, Australia, Japan, and South Korea, among others.
Territorial Tax System
Panama applies a strictly territorial tax system under which all foreign source income is entirely exempt from Panamanian income tax, making Panama highly attractive for individuals with international income streams, investment portfolios, and business interests outside Panama.
Path to Citizenship
After 5 years of continuous legal residence in Panama, Friendly Nations Visa holders may apply for Panamanian citizenship, receiving a passport with access to approximately 140 countries and territories on a visa free or visa on arrival basis.
Ease of Application
The Friendly Nations Visa application process is straightforward relative to many other residency by investment programs, with a streamlined process and the ability to obtain temporary residency relatively quickly with the assistance of a Panamanian licensed immigration attorney.
Get in Touch
Contact Neptune Fiduciaries Group via info@neptunecorporate.com or visit our Contact Us page.
