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  • News Alert: Establishing Panama Residency Just Got Easier

    Passport and visa

    Photo by George Ruiz

    What are the requirements for residency in Panama?

    This is by far one of the most frequent questions I get from our visitors and home purchasers on Isla Palenque. Many who are looking to relocate to Panama for their retirement, or even those who are just searching for a vacation home, want to know what their Panama residency options are.

    During my talks with expats while establishing residency here in Panama, everyone reiterated the importance of finding a good lawyer upon arrival to aid the process and explain the ins & outs of residency requirements and choose which option is right for you. They insist that this is a crucial part of the process!

    Establishing Permanent Residency

    Formerly, a couple of different options existed for people looking to establish residency in Panama for both permanent and non-permanent status.

    Last week, the Panamanian government announced sweeping changes to their visa requirements, making it easier for “countries that maintain friendly, professional, economic, and investment relationships with the Republic of Panama.” These new (more lax) residency requirements are valid for citizens of the following countries:

    • Germany
    • Argentina
    • Australia
    • Austria
    • Brazil
    • Belgium
    • Canada
    • Spain
    • United States
    • Slovakia
    • France
    • Finland
    • “The Low Countries”
    • Ireland
    • Japan
    • Norway
    • Czech Republic
    • Slovakia
    • Switzerland
    • Singapore
    • Uruguay
    • Chile
    • Sweden

    Citizens of these countries qualify for permanent resident status in Panama and will be able to partake in professional and/or economic activities to the same extent as Panamanian citizens. They will also be subject to the same rules and laws for commerce and business. The application process is very straightforward and requires that the following documents be submitted through the National Immigration Service:

    1. Three passport-sized photographs
    2. A copy of the identification card or residency card from your home country
    3. A document that demonstrates your reason for seeking permanent residence or that details the professional and economic activity that you will be partaking in
    4. Proof of economic solvency, in the form of a banking certificate/bank account statement from the past month reflecting an account balance of no fewer than 4 digits or demonstrating sufficient monthly income
    5. A letter of responsibility, if necessary
    6. Documentation to verify family members and dependents accompanying you

    It’s worth noting that requirements for temporary and student visas stand unchanged by Executive Order 323.

    Temporary Visas

    Tourist Visas last up to 90 days and can be renewed for an additional 30 days by visiting the Immigration Office. A fair number of “residents” comply with this rule by traveling every 3 months to Costa Rica, Columbia, or back stateside and returning with a renewed visa. If you do overstay your 90 days, you’ll have to pay a fine before departing — so take these rules seriously if you don’t want to deal with hassles and delays later on at the airport! Specific requirements: passport.

    Student Visas

    Student Visas are granted to those planning a longer stay for studying or research purposes. You will be issued a Carnet, or temporary ID card, upon your arrival and then you’ll need to submit an additional application through the Immigration Department. Often, school programs employ counselors in both Panama and in the reciprocal country to help with the paperwork process. Specific requirements: passport, other requirements depend on school program.

    It’s exciting that Panama has opened the door for so many new residents! It’s another reason (as if you needed it) to take a trip to Panama and discover whether this wild & welcoming place is where you want to make your new home.

    If you decide to obtain Panama residency, here are some tried-and-true tips for a smooth application process:

    • Bring all documentation (passport, paperwork, notarized documents) and be sure to make copies of everything!
    • Be polite. Something we recommend no matter where you travel — a buenos dias or a smile and a hello can brighten the day of the person stuck behind the desk you’re standing in front of.
    • Bring a book, magazine, and your patience. Waiting in lines and complying with protocol can be a nuisance, but being prepared can make it less so.
    • Stick with it! Just close your eyes and picture the sunset over Playa Palenque; life in Panama is worth a little wait.

    Isla Palenque, sunset, Panama

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    Post by Laura Moller

    Laura loves living abroad and spends every free moment soaking in the Panama sunshine and finding new spots to explore. Meet Laura>>

    More posts by Laura Moller

    Leave a Comment


    9 Responses

    1. GRADY PALMER says:

      Hello,
      I travel regularly for business and pleasure to Panama and a year ago decided to relocate to Panama. I appreciate you frustration as with any country, many services want your money if you are not connect.

      We instead utilized our 6 years of connections and relationships to identify the right multifaceted firm. They are superb. We provided all the documents in advance and then spent a week in Panama while they completed a temporary pencionado visa in less than a week. In less than three months we received our permanent residency Visa. the difference is quality, professionalism and a staff that has direct connection to the Dept. of Immigration. If you are not willing to pay a bit more, then most likely you will not have a good experience. We viewed our investment, as life time benefit to live in an amazing country and paradise. It is a gift. I would be happy to provide you with the firm if you choose to. quality and speed always trump greed. grady@gradypalmer.com

    2. i need info to get my pencionado for panama have been hear for 13 yrs an getting hard for to find an hounest layer that will not steal my money an do nothing help don

    3. Rachel Rachel Kowalczyk says:

      This depends on where you hail from, Shaliza. If you are a citizen of one of the countries listed, the process of becoming a Panama resident is now easier than ever, involving a visit with the National Immigration Service, which should be brief & breezy as long as you arrive with all the necessary documents on-hand.

    4. shaliza says:

      Hi, Other than having the required money in the bank, what other requirements are needed to become a Panama resident?

    5. Rachel Rachel Kowalczyk says:

      Mario, you are fantastic. You’re absolutely right — that would be citizens of the Czech Republic and Slovakia, not of Czechoslovakia. From one stickler to another, thanks! Hope you enjoy more reading (and less fact-checking) on The Ambler!

    6. Mario says:

      May I kindly point out that it is highly unlikely citizens of Czechoslovakia could be entitled for preferential residency procedure in Panama since Czechoslovakia hasn’t been in existance for over 20 years now..

    7. Laura Moller Laura Moller says:

      I’m so glad you enjoyed the information. If you’re thinking about a move to Panama, keep reading the Ambler for weekly updates and advice on the transition, or shoot me an email: laura@islapalenque.com!

    8. Sheilah Valk says:

      I completely realize everything you’ve said. Actually, I browsed by means of your additional content articles and I believe you happen to be definitely right. Wonderful job with this online site.

    9. Keith says:

      Thanks to Keith for this insight into adding spouses to an individual visa. According to his research:

      For an economic solvency visa, a sum of $300 K must be spent on titled property or placed in a bank or any combination. To add a spouse, the applier must spend another $2k that’s all. So, if buying a home over $302k, a married couple both obtain the visas.

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    What are the requirements for residency in Panama?

    This is by far one of the most frequent questions I get from our visitors and home purchasers on Isla Palenque. Many who are looking to relocate to Panama for their retirement, or even those who are just searching for a vacation home, want to know what their Panama residency options are.

    During my talks with expats while establishing residency here in Panama, everyone reiterated the importance of finding a good lawyer upon arrival to aid the process and explain the ins & outs of residency requirements and choose which option is right for you. They insist that this is a crucial part of the process!

    Establishing Permanent Residency Formerly, a couple of different options existed for people looking to establish residency in Panama for both permanent and non-permanent status. Last week, the Panamanian government announced sweeping changes to their visa requirements, making it easier for “countries that maintain friendly, professional, economic, and investment relationships with the Republic of Panama." These new (more lax) residency requirements are valid for citizens of the following countries:
    • Germany
    • Argentina
    • Australia
    • Austria
    • Brazil
    • Belgium
    • Canada
    • Spain
    • United States
    • Slovakia
    • France
    • Finland
    • "The Low Countries"
    • Ireland
    • Japan
    • Norway
    • Czech Republic
    • Slovakia
    • Switzerland
    • Singapore
    • Uruguay
    • Chile
    • Sweden
    Citizens of these countries qualify for permanent resident status in Panama and will be able to partake in professional and/or economic activities to the same extent as Panamanian citizens. They will also be subject to the same rules and laws for commerce and business. The application process is very straightforward and requires that the following documents be submitted through the National Immigration Service:
    1. Three passport-sized photographs
    2. A copy of the identification card or residency card from your home country
    3. A document that demonstrates your reason for seeking permanent residence or that details the professional and economic activity that you will be partaking in
    4. Proof of economic solvency, in the form of a banking certificate/bank account statement from the past month reflecting an account balance of no fewer than 4 digits or demonstrating sufficient monthly income
    5. A letter of responsibility, if necessary
    6. Documentation to verify family members and dependents accompanying you
    It’s worth noting that requirements for temporary and student visas stand unchanged by Executive Order 323. Temporary Visas
    Tourist Visas last up to 90 days and can be renewed for an additional 30 days by visiting the Immigration Office. A fair number of “residents” comply with this rule by traveling every 3 months to Costa Rica, Columbia, or back stateside and returning with a renewed visa. If you do overstay your 90 days, you'll have to pay a fine before departing -- so take these rules seriously if you don’t want to deal with hassles and delays later on at the airport! Specific requirements: passport.
    Student Visas
    Student Visas are granted to those planning a longer stay for studying or research purposes. You will be issued a Carnet, or temporary ID card, upon your arrival and then you'll need to submit an additional application through the Immigration Department. Often, school programs employ counselors in both Panama and in the reciprocal country to help with the paperwork process. Specific requirements: passport, other requirements depend on school program.
    It’s exciting that Panama has opened the door for so many new residents! It's another reason (as if you needed it) to take a trip to Panama and discover whether this wild & welcoming place is where you want to make your new home. If you decide to obtain Panama residency, here are some tried-and-true tips for a smooth application process:
    • Bring all documentation (passport, paperwork, notarized documents) and be sure to make copies of everything!
    • Be polite. Something we recommend no matter where you travel -- a buenos dias or a smile and a hello can brighten the day of the person stuck behind the desk you’re standing in front of.
    • Bring a book, magazine, and your patience. Waiting in lines and complying with protocol can be a nuisance, but being prepared can make it less so.
    • Stick with it! Just close your eyes and picture the sunset over Playa Palenque; life in Panama is worth a little wait.
    Isla Palenque, sunset, Panama [post_title] => News Alert: Establishing Panama Residency Just Got Easier [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => establishing-panama-residency-options-and-tips [to_ping] => [pinged] => [post_modified] => 2012-10-15 22:45:54 [post_modified_gmt] => 2012-10-16 03:45:54 [post_content_filtered] => [post_parent] => 0 [guid] => http://amble.com/ambler/?p=8862 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 9 [filter] => raw )

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    [post_content] => [caption id="attachment_10269" align="aligncenter" width="600" caption="Photo by George Ruiz"]Passport and visa[/caption]

What are the requirements for residency in Panama?

This is by far one of the most frequent questions I get from our visitors and home purchasers on Isla Palenque. Many who are looking to relocate to Panama for their retirement, or even those who are just searching for a vacation home, want to know what their Panama residency options are.

During my talks with expats while establishing residency here in Panama, everyone reiterated the importance of finding a good lawyer upon arrival to aid the process and explain the ins & outs of residency requirements and choose which option is right for you. They insist that this is a crucial part of the process!

Establishing Permanent Residency Formerly, a couple of different options existed for people looking to establish residency in Panama for both permanent and non-permanent status. Last week, the Panamanian government announced sweeping changes to their visa requirements, making it easier for “countries that maintain friendly, professional, economic, and investment relationships with the Republic of Panama." These new (more lax) residency requirements are valid for citizens of the following countries: Citizens of these countries qualify for permanent resident status in Panama and will be able to partake in professional and/or economic activities to the same extent as Panamanian citizens. They will also be subject to the same rules and laws for commerce and business. The application process is very straightforward and requires that the following documents be submitted through the National Immigration Service:
  1. Three passport-sized photographs
  2. A copy of the identification card or residency card from your home country
  3. A document that demonstrates your reason for seeking permanent residence or that details the professional and economic activity that you will be partaking in
  4. Proof of economic solvency, in the form of a banking certificate/bank account statement from the past month reflecting an account balance of no fewer than 4 digits or demonstrating sufficient monthly income
  5. A letter of responsibility, if necessary
  6. Documentation to verify family members and dependents accompanying you
It’s worth noting that requirements for temporary and student visas stand unchanged by Executive Order 323. Temporary Visas
Tourist Visas last up to 90 days and can be renewed for an additional 30 days by visiting the Immigration Office. A fair number of “residents” comply with this rule by traveling every 3 months to Costa Rica, Columbia, or back stateside and returning with a renewed visa. If you do overstay your 90 days, you'll have to pay a fine before departing -- so take these rules seriously if you don’t want to deal with hassles and delays later on at the airport! Specific requirements: passport.
Student Visas
Student Visas are granted to those planning a longer stay for studying or research purposes. You will be issued a Carnet, or temporary ID card, upon your arrival and then you'll need to submit an additional application through the Immigration Department. Often, school programs employ counselors in both Panama and in the reciprocal country to help with the paperwork process. Specific requirements: passport, other requirements depend on school program.
It’s exciting that Panama has opened the door for so many new residents! It's another reason (as if you needed it) to take a trip to Panama and discover whether this wild & welcoming place is where you want to make your new home. If you decide to obtain Panama residency, here are some tried-and-true tips for a smooth application process: Isla Palenque, sunset, Panama [post_title] => News Alert: Establishing Panama Residency Just Got Easier [post_excerpt] => [post_status] => publish [comment_status] => open [ping_status] => open [post_password] => [post_name] => establishing-panama-residency-options-and-tips [to_ping] => [pinged] => [post_modified] => 2012-10-15 22:45:54 [post_modified_gmt] => 2012-10-16 03:45:54 [post_content_filtered] => [post_parent] => 0 [guid] => http://amble.com/ambler/?p=8862 [menu_order] => 0 [post_type] => post [post_mime_type] => [comment_count] => 9 [filter] => raw )

is single