Remember that the assistance of NegociosPanamá experts in Panama is always available to help you with this process. The Friendly Nations Visa was created to attract foreign investment, promote job creation, and strengthen cultural exchange. Applicants must demonstrate their intention to invest in the Panamanian economy or establish a business in the country. In return, they are offered a fast and efficient path to permanent residency. The program is especially attractive to entrepreneurs, investors, and professionals looking to broaden their horizons and take advantage of the benefits Panama offers as a hub for trade and business in Latin America. At the same time, it also gives expatriates the opportunity to enjoy the natural beauty, rich culture, and high quality of life that this tropical country offers. In short, the Friendly Nations Visa is an open door for those seeking new opportunities and a home in Panama. In the following sections, we will delve deeper into the requirements, benefits, and limitations of this program.
List of friendly nations of Panama
The list of “Friendly Nations” of Panama was selected for its strong diplomatic and economic relations with Panama. They reflect the globalized and welcoming nature of Panama's immigration policy. Here is the detailed list of countries included: Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, Cyprus, South Korea, Costa Rica, Croatia, Denmark, Slovakia, Spain, United States of America, Estonia , Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, San Marino, Mexico, Monaco, Montenegro, Norway, New Zealand, Netherlands, Paraguay, Peru, Poland , Portugal, United Kingdom, Czech Republic, Serbia, Singapore, South Africa, Sweden, Switzerland, Uruguay.
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- The new regulation will come into force from August 7, 2021.
- The program no longer grants immediate permanent residence status. With new modifications, the applicant will initially receive a 2-year temporary residence status and will also have the right to opt for permanent residence, like many other residency programs.
- The economic link with Panama can only be achieved through the purchase of real estate of no less than US$ 200K (the applicant can finance the purchase of the property), or by establishing a term deposit for US$ 200K for 3 years in a bank. Panamanian.
- The professional link with Panama can only be achieved through a formal employment contract with a company authorized in Panama and conditional on obtaining a work permit issued by the Ministry of Labor.
- A bank account in Panama or corporations is no longer required.
- Taiwan has been removed from the list of countries and Peru has been included.
For more information, please contact us.
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