Panama Residency Visas

Purchasing Your MDH Furnished Real Estate Unit

Purchasing one MDH furnished real estate unit may allow you to qualify for a Tourist Pensionado Visa, Friendly Nations Visa, or if you purchase a minimum of 8 MDH real estate units, the Decree 722 Permanent Visa completed from your home country in 30 days. 

 

DENFAB Law

Pensio Realty S.A. recommends if you are interested in pursuing a Friendly Nation Visa, Permanent Residency, Decree 722 Permanent Visa, after your MDH real estate unit purchase or for opening your Panama corporation you can contact ricardofaraudo@denfablaw.com.

The three best ways to obtain indefinite residency in Panama are the following:

I.   The Tourist Pensionado Visa

II.  Friendly Nations Visa.

III. Decree 722 Permanent Residency for real estate investments of US $300,000 or more. (Please contact Mr. Faraudo for more details)

Tourist Pensionado Visa

The Tourist Pensionado Visa program allows foreigners to obtain legal permanent residency in Panama under the condition that they are retired or pensioned. According to the Immigration Department of Panama, there is no minimum age required to qualify.

The applicants' retirement income derived from a Government or Public Paid Pension (or pension income) must be at least US$1,000.00 per month for the remainder of their life.  To include a spouse or additional dependents (children under 18 years old) the applicant must show in their pension document US$250.00 additional per dependent. 

* Note: In the case that a married couple is applying for Pensionado status, you will be able to use both applicant's combined pensions to prove the minimum requirement. 

 

Procedures for Applying for Residency:

  1. A visit to Panama is required for your Passport Registration at the Immigration Office. If you have more than one Nationality, it is important you come into Panama on this Trip with the Passport that you will be using for the Residency Application.

  2. You will also sign the Special Power of Attorney for our law firm to handle your immigration paperwork and to start the processing of the Permanent Visa

  3. Provide all required documents. 

  4. We will set up an appointment to take you to immigration to get Registered.  For this, we meet at my office at 8:00 am in order to take you to the immigration offices. (For the visit to immigration you cannot wear shorts, sandals, or sleeveless shirts). 

  5. After we have registered you at immigration and have prepared the application package, our law firm will proceed to submit through the special power of attorney your permanent residency application.

  6. Next-Day after the Application, we will coordinate a trip with the applicant to the immigration offices in order to obtain six (6) month temporary ID, so the applicant has during the remainder of the residency process.

  7. At the moment we obtain your six (6) month temporary identification we will request a Multiple Entry & Exit stamp on your passport that takes three (3) working days to obtain.  Once we have the stamp on your passport, we will return the passport to you at our office and you are free to leave the country.  Failure to do so would incur you a US$2,000.00 fine.  This Multiple entries and Exit permit are included in our price.

 

Note: For the accomplishment of the previous steps, we require that applicant and any dependent, scheduled to be in Panama City for at least ten (10) business days to accomplish the registration, application of residency, and obtaining the multiple entries & exit permit, so you can leave the country under your new immigration status.

 

Required Documents (for Immigration processing):

  1. Photocopy of complete valid passport of the applicant (and dependents - if applicable), including the picture page (that shows the picture, name, date of birth, passport number, place of issue, etc.), and all other pages, including the stamp on entry into the country.  This should be provided after the Passport Registration is registered at the Immigration Office in Panama.  Please note that the passport must be valid for at least 6 months from the date of the immigration application.  These photocopies can be made in our office.

  2. Six (6) passport-sized photographs of the applicant (and dependents - if applicable).

  3. Proof of Pension:

  • If Pension is from a Government Institution or Social Security: Client must provide certification from the respective Government institution that pays the applicants retirement or pension income, certifying that the person receives a "pension" in the amount of at least US$1,000 per month for the remainder of their lives.

  • Police record from the country of last two (2) years of residency, for the main applicant and any dependent over 18 years old. The police  report  must contain the following premises in order to have validity at the moment of application:

  • This police report cannot be older than six (6) months.

  • If you are a U.S. Citizen this must be a document issued by the Federal Bureau of Investigation (F.B.I.)

  • If the applicant leaves Panama before the application is submitted, but after the police report has been issued, then said Police Report loses validity for immigration purposes and a new one must be obtained. 

  • The Police Report must be authenticated by Panamanian Consulate in the country of its issuance or duly apostilled in the country of its issuance of the said police report. 

  • Documentation Needed to include Dependents:

    • For Spouses: Marriage Certificate.  This document cannot be older than six (6) months of issuance at the time of application.

    • For Children (17 or younger): Birth Certificate. 

    • For Parents: Applicants Birth Certificate.

 

Note:  For these documents to have validity at the moment of application they must be authenticated by Panamanian Consulate in the country of its issuance or duly apostilled in the country of its issuance of the said police report.

 

FRIENDLY NATIONS VISA

The Friendly Nations Visa permanent residency option allows foreigners from, one of the countries listed below, to obtain legal permanent residency in Panama, under the condition that they are going to undertake economic or professional activities of any type in the Republic of Panama.

The nationals of the following countries will be allowed to apply for a permanent residency under the current residency option:

Andorra                    Argentina             

Australia                   Austria                 

Belgium                    Brazil
Canada                     Chile                     

Costa Rica.               Croatia                 

Cyprus                      Czech Republic
Denmark                   Estonia                 

Finland                      France                   

Germany                  Great Britain
Greece                     Hong Kong           

Hungary                   Ireland                   

Israel                        Japan
Latvia                        Liechtenstein         

Lithuania                  Luxembourg         

Malta                        Mexico
Monaco                   Montenegro         

Netherlands            New Zealand       

Norway                    Paraguay
Poland                     Portugal                 

Republic of Korea  San Marino           

Serbia                      Singapore
Slovakia                   South Africa           

Spain                       Sweden                 

Switzerland             Taiwan
Uruguay                  USA    

 

Procedures for Applying for Residency:

  1. A visit to Panama is required for your Passport Registration at the Immigration Office. If you have more than one Nationality, it is important you come into Panama on this Trip with the Passport that you will be using for the Residency Application. 

  2. You will also sign the Special Power of Attorney for our law firm to handle your immigration paperwork and to start the processing of the Permanent Visa

  3. Provide all required documents. 

  4. We will set up an appointment to take you to immigration to get Registered.  For this, we meet at my office at 8:00 am in order to take you to the immigration offices. (For the visit to immigration you cannot wear shorts, sandals, or sleeveless shirts). 

  5. After we have registered you at immigration and have prepared the application package, our law firm will proceed to submit through the special power of attorney your permanent residency application.

  6. Next-Day after the Application, we will coordinate a trip with the applicant to the immigration offices in order to obtain six (6) month temporary ID, so the applicant has during the remainder of the residency process.

  7. At the moment we obtain your six (6) month temporary identification we will request a Multiple Entry & Exit stamp on your passport that takes three (3) working days to obtain.  Once we have the stamp on your passport we will return the passport to you at our office and you are free to leave the country.  Failure to do so would incur you a US$2,000.00 fine.  This Multiple entries and Exit permit are included in our price.

 

Note: For the accomplishment of the previous steps, we require that applicant and any dependent, scheduled to be in Panama City for at least ten (10) business days to accomplish the registration, application of residency, and obtaining the multiple entries & exit permit, so you can leave the country under your new immigration status.

  • After the application is submitted, within approximately six (6) months, the Immigration Department will issue the final resolution approving your permanent (indefinite) residency.

  • After a final resolution has been issued approving your residency, we will notify you so we can proceed and coordinate obtaining the permanent residency Id.  For this you will need to bring or send to our office your current temporary ID´s so we can return to immigration and original passport.  Two (2) days after you provide us with the temporary ID´s we will take you to immigration personally to obtain your permanent residency ID cards.   

 

Required Documents (for Immigration processing):

  1. Photocopy of complete valid passport of the applicant (and dependents - if applicable), including the picture page (that shows the picture, name, date of birth, passport number, place of issue, etc.), and all other pages, including the stamp on entry into the country.  This should be provided after the Passport Registration is registered at the Immigration Office in Panama.  Please note that the passport must be valid for at least 6 months from the date of the immigration application.  These photocopies can be made in our office.

  2. Six (6) passport-sized photographs of the applicant (and dependents - if applicable).

  3. Proof of Financial Solvency:

  • Bank Reference Letter: showing an amount of at least four mid digits (US$5,000.00 plus) in the bank account.  The letter must be provided from a bank registered in the Republic of Panama.  DENFAB will assist you to open a bank account in Panama.

  • Documentation showing the reason for requiring a permanent residency in Panama based on economic activity or profession.

  • Through a Panamanian Corporation:

    • ​Copy of Public Registry Certificate showing that the applicant is President of a Panamanian Corporation

    • ​Copies of the Shares of Same Corporation showing that the applicant is a shareholder of Said Corporation

  • Police record from the country of last two (2) years of residency, for the main applicant and any dependent over 18 years old. The police report must contain the following premises in order to have validity at the moment of application:

  • This police report cannot be older than six (6) months.

  • If you are a U.S. Citizen this must be a document issued by the Federal Bureau of Investigation (F.B.I.)

  • If the applicant leaves Panama before the application is submitted, but after the police report has been issued, then said Police Report loses validity for immigration purposes and a new one must be obtained.

  • The Police Report must be authenticated by Panamanian Consulate in the country of its issuance or duly apostilled in the country of its issuance of the said police report.

  • Documentation Needed to include Dependents:

    • For Spouses: Marriage Certificate.  This document cannot be older than six (6) months of issuance at the time of application.

    • For Children (17 or younger): Birth Certificate. 

    • For Parents: Applicants Birth Certificate.

Note:  For these documents to have validity at the moment of application they must be authenticated by Panamanian Consulate in the country of its issuance or duly apostilled in the country of its issuance of the said police report.

  • Copy of second Identification (Driver’s License or Country ID) authenticated at the Consulate of issuance of said document. 

About DENFAB Law

De la Guardia, Neuman, Faraudo, and Bermudez (DENFAB) is a law firm that provides legal services to companies and individuals, of all sizes, in the Republic of Panama since it was established in the year 2005.

DENFAB's goal is to create long-term relationships based on close cooperation and positive results. DENFAB is committed to providing high-quality legal services to its clients.

 

Immigration Law

Our firm has an experienced team of immigration attorneys helping foreigners establish residency in the Republic of Panama. We work closely with our customers to give them a hassle-free experience during the documentation process required for temporary or permanent residency or any of the various residence programs offered by immigration laws of the Republic of Panama. 

DENFAB Law also offers direction in the preparation and presentation of the administrative documents required to obtain Panamanian citizenship until receiving a Panamanian Passport.

 

Ricardo Faraudo is a founding partner of DENFAB since 2005. He has practiced law since 2002, advising clients in operations related to corporate law, commercial law, real estate law, immigration law, and asset planning.

Mr. Faraudo received his Bachelor’s Degree in Law and Political Science from Santa María La Antigua University in 2002; later completed in 2003 a Master’s Degree (LL.M.) with emphasis on banking, corporate and financial law from Fordham University, Nueva York, NY.

Mr. Faraudo is a member of the Chamber of Commerce, Industries, and Agriculture of Panama and a Director in the Panamanian Association for Immigration Lawyers (APADEM).

Mr. Faraudo is fluent in both Spanish & English Language.

For more information, you can contact Ricardo Faraudo at ricardofaraudo@denfablaw.com