Panama’s Easy Permanent Residence Visas
Lead to a Second Passport
with a small and profitable Investment
The Low cost of Living in Panama makes this small country the top favorite for Expats because of:
How can I get citizenship in Panama?
What’s the Best Panama Permanent Residency Visa for my Case?
What is the cost of living in Panama?
What’s the average salary for experienced Professionals in Panama?
Excellent Ownership opportunities for a Profitable Business
Is it safe to live in Panama?
Quality Healthcare with low cost Medical Insurance
Different Climates for everyone’s Choice
Luxury Living in Panama is still possible on a small budget
How can I get citizenship in Panama?
Required Documentation for Panama Citizenship
- Police records from both countries
- Certification of immigration status
- Notarized copy of permanent resident ID card
- Notarized copy of the Panamanian ID card (Cedula)
- Proof of economic solvency
- Income statement from the Ministry of Finance
- Copy of passport, authenticated by the consulate of the country of origin
- Certificate of good health
After the Panama Permanent Residency required waiting period, the Electoral Tribunal schedules appointments with the applicants to test their command of Spanish and knowledge of Panama’s history, geography, and basic laws. LEARN MORE
What’s the Best Panama Permanent Residency Visa for my Case?
There are more than 20 Panama Residence Visa Programs but for the purpose of obtaining a Panama Second Passport the most common Permanent Residence Visas are the Panama Friendly Nations Visa and Panama Reforestation Visa.
What is the cost of living in Panama?
The cost depends on the place you Live in Panama. It is a lot less expensive to live where mostly working Panamanian people live. An average lifestyle for a couple on a budget, can cost under $1,000 and up to $3,500 to live comfortably in a prime area for expats with travel and entertainment.
Compare with other countries at
What’s the average salary for experienced Professionals in Panama?
Average gross salary in Panama is US $65,000
Average net salary is US $50,000
The most frequent gross salary is US $30,000
Compare it with other countries at
Excellent Ownership opportunities for a Profitable Business
With no mandatory reporting requirements for foreign income, Business opportunities are always popping up around the Panama Canal, the Free Zone, the busiest port in the world and the Latin American Banking Center that is home to more than 5,000 financial services. Foreigners living in Panama keep on making international deals because millions of business people are always visiting Panama for many different reasons. LEARN MORE
Is it safe to live in Panama?
Panama is a safe country. The army has been replaced by a police force that keeps crime to a minimum in most areas. If you are a newcomer, you should obviously take precaution with who you associate and where you visit. Don’t go to the red light district at night flashing your wallet and jewelry if you are alone. In the poorer neighborhoods, you should be wary of pickpockets in crowded areas after dark.
Quality Healthcare with low cost Medical Insurance
Public hospitals and clinics that are administrated by the Ministry of Health are designed to serve the poor and are almost free because of the very low cost. A notch up are the hospitals that are run by the social security system and cater to working Panamanians who are registered and get free care. Foreigners can also go and pay modest fees. Finally, there is a Private system of offices, clinics and private hospitals. Some of these hospitals are top notch with doctors associated with the top North American hospital. Even these hospitals are very affordable compared to healthcare costs in Europe and North America. Health insurance is offered at a small fraction of the costs of the North American insurance plans.
Different Climates for everyone’s Choice
The climate in the Capital is not so desirable but a short drive away you can live in a cool mountain village, a ranch in the Valley or a beachfront community. Drive a bit further and you can go from the Pacific to the Atlantic Ocean in less than a short 100 kms drive on a 4-lane highway. Find the best place that you’d want to Live in Panama
Luxury Living in Panama is still possible on a small budget
In Panama you can buy a house in a village for $7,000 or a Mansion for $25,000,000 all within a 35 kms radius. The common denominator is that everyone wants to have fun. There are many exclusive areas frequented by international billionaires and celebrities that go home with helicopters but mostly foreigners have fun in private parties, three entertainment districts and concert hall that brings international singers like Marc Anthony and Justin Bieber. The local Internations hosts 3 to 4 events per week and boasts a membership of people living in Panama but originate from 145 countries. There are hundreds of such groups and many international Conventions and Trade Fairs.
LEARN MORE
CONCLUSION
Qualify for the Panama Second Passport with a Citizenship Program that starts by investing as little as $5,000 in your own profitable business. You can visit for only a week and then go back home. If you prefer, stay in Panama and run a profitable business without paying taxes on income generated from outside Panama. Combining the cost effective immigration programs with the business infrastructure, luxury lifestyle on a budget, beaches, mountains, healthcare, safety and top class amenities has made Panama the top choice for the easiest Second Passport while generating tax free profits through Panama’s Citizenship Program