In the last few months, Panama has launched and reformulated some of the visa categories to allow foreigners easier entry into the country
Panama is currently one of the best countries in Latin America to live in. In a little over 30 years, Panama has reached a developmental growth that is admired by the entire world. In the last decade alone, the economy has doubled compared to other countries in the region, becoming a leader in 2019 for the first time in the GDP per capita ranking in Latin America.
Beyond its stable economy, regarding lifestyle, the country has a modern capital and nightlife all year round, international and local gastronomy options that are making a name for themselves in the main rankings and an airport that connects it to the main destinations in the globe with the best flight frequencies in the region.
Due to its privileged geographical position, the country has transformed into one of the most important business centers in the continent, with a great history in Banking, Finances, Services, Logistics and Commerce, which along with political and economic stability, have placed it as one of the most attractive locations for investors.
Within the multiple residence permit formats, there are five main ones that are the most requested by foreigners looking to take up residence in the country.
- Residence through Friendly Nations (Specific countries)
- Residence through the Panama-Italy Agreement
- Residence through Self Economic Solvency
- Residence as a Qualified Investor
- Residence as Pensioner or Retiree
Each of these permits has a definition, benefits and specific requirements. Click to find out more about each of them. Panama awaits your arrival.
