Panama

Wealth Visa

Panama offers many paths for rentiers and pensioners to come stay in the country. In both cases, applicants will need to show a stable and sufficient income. Approved applicants and their family receive a five-year renewable resident permit that can lead directly to permanent residency after two years. Citizenship is possible after five years of permanent residency. Although Panama does no recognize dual citizenship, Americans cannot lose their U.S. citizenship during the Panama citizenship process. Panama does not levy any tax on foreign income.

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Learn more about the Panama Wealth Visa Program

Capital City

Panama

Visa free countries

100

Total area

75,417 km2

Languages

Spanish

Currency

Dollar

Population

4,379,039

Time Zone

UTC−5 (EST)

globalrcg-map-panama

Only 3hr flight from Miami

Currency pegged to the USD

Visa free access to the Schengen Zone and UK

Friendly Tax Regime - only pay tax on Panamanian sourced income

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Download the Country Factsheet

Application Process

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Consult with Global RCG

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Prepare your documents

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Submit the application

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Receive your residency

Panama Wealth Visa
Application Process

Under both Panama rentier and pensioner visas, applicants will need to demonstrate a stable and secure income during their stay in the country. Under both programs, your spouse and children up to the age of 25 years old are eligible as dependents. After two years, you and your dependents will directly qualify for permanent residency.

Requirements

  • Criminal record certificate or sworn statement before a notary public
  • Health certificate
  • Affidavit of personal background
  • Documents proving your stable and secure income

Other requirements:

  • The Panama rentier visa is available to those who can guarantee a stable monthly income of $850. That monthly income must come from the interest earned on deposits at the National Bank of Panama or the Savings Bank. As of 2021, the interest rates are 2% on bank deposits in Panama; therefore, an estimated $500,000 bank deposit is needed to generate the minimum interest for that period of time. You must commit to a five-year deposit.
  • See all requirements in our factsheet
Week 1
Week 1
Consult with Global RCG to determine best course of action, wealth management and investment solutions.
Week 1
Week 2
Week 2
Select preferred route. Prepare documents and application to submit.
Week 2
Week 3
Week 3
Submit application to the Panama immigration authorities.
Week 3
Week 5
Week 5
Receive approval.
Week 5
Month 9
Month 9
Travel to Panama to collect your resident permit.
Month 9

Download Our Factsheet

Do you need more information about the Panama Wealth Visa program? Download the complete factsheet below:

Required & Non-Required Visa Countries

Taxation

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