So you are looking to start that new life in Panama and you want to make it permanent. The only thing is you are not sure what to do and how to go about it. Well, we are glad you came to us with that question, because we have the answer right here for you and we are more than glad to share it! If you read below, we’ll provide you with what you have to know to make this dream of yours come true for you, so let’s begin, shall we?

In accordance to the laws of immigration in Panama, there are different types of visas out there that enable aliens to live in Panama, as long as they meet the prerequisites. Person Of Means Visa: This is the visa for those that are not working or getting ready to start a business.

These are folks that are living via their own personal funds. What’s required is a one year certificate of deposit in any Panamanian bank and the minimum must be $250,000. When the time comes to apply for renewal, the minimum time of renewal must be one more year.

Tourist Pensioner Visa: For those that are the recipients of a pension from a government job or private company. The amount for the pension must be $1,000 and up.

Investor Visa: This visa was made for those that want to start a business in the nation of Panama. A minimum amount of money to invest will be $250,000 for the startup. Also your employment staff must have a minimum
of at least three permanent individuals who are Panamanian.

Private Income Retiree Visa: This visa is for people that although don’t have a monthly pension, are individuals that are indeed retired and are in receipt of a lump sum retirement benefit. This said benefit may then be
deposited into a certificate of deposit that lasts a term of five years. This certificate must be with the National Bank of Panama and yield a $1,000 monthly minimum.

For those looking to put together paperwork for a visa, it is obvious to see that the nation of Panama has tailored several different options for several types of people. So if one category is not met, there are others
where you may be able to more than likely luck out in your pursuit of acquiring a Panamanian visa.So in closing fine readers, that’s the run down of what you need to know about getting a visa.

Like always, we are more than glad to be your first in call to provide you with any and all information that you have the right to know, after all, we’re in servitude to giving you the best darn knowledge that we can. We feel, it’s owed to you and if we weren’t do that that then we’re not doing our job at all! So dear reader, if you are looking to make Panama a new home, we’ve been more than glad to help you get off to a great start in doing so!

Periodically, laws change, so check with your attorney.