Panama Friendly Nations Visa
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by Olga
- March 13, 2022
- Real Estate
- 0
It is one of the most desired in the world and one that can be enjoyed by the 51 countries that are among the “friendly nations of Panama” countries.
Thousands of foreigners year after year seek to benefit from permanent residence for natives of various countries that are included in this resolution.
What makes a country that can be framed as a friendly nation of Panama? Those that maintain cooperative relations among which could be detailed: Professional, economic or investment activities in the Panamanian Republic.
What is this visa offered by Panama about?
This unique and privileged benefit is granted to those national citizens of foreign countries that maintain close ties with Panama.
The friendship between countries is not a mere abstract figure, but has been established by virtue of various collaboration and reciprocity agreements.
Under decree 1174 of November 28, 2013, Panama has strengthened its ties with 50 countries. Those who can take advantage of this benefit are: Foreigners who are friends of the nation and those direct relatives who depend on it (Children under 25 years of age, parents and spouses).
Which countries apply the friendly nations visa in 2022?
During the year 2021, one more country has been added that will be able to enjoy this benefit of friendly nations: Peru.
Next, we will detail each of the countries that is categorized as a friend of Panama:
- Germany
- Andorra
- Argentina
- Australia
- Austria
- Belgium
- Brazil
- Canada
- Chile
- Costa Rica
- Croatia
- Cyprus
- Denmark
- Slovakia
- Spain
- Estonian
- Finland
- France
- Britain
- Greece
- Netherlands
- Hong Kong
- Hungary
- Ireland
- Israel
- Japan
- Latvia
- Lithuania
- Liechtenstein
- Luxembourg
- Malt
- Mexico
- Montenegro
- Monaco
- Norway
- New Zealand
- Paraguay
- Peru
- Poland
- Portugal
- Republic of Korea
- Czech Republic
- San Marino
- Serbia
- Singapore
- South Africa
- Switzerland
- Sweden
- Taiwan
- Uruguay
What are the requirements to apply for the residence of friendly countries in 2022?
However, like all types of visas, Panama will request a series of basic requirements and, in addition, some of the reasons that we will detail below:
Requirements:
- Power of attorney
- Three photographs
- A copy of the passport
- Criminal record certificate
- Health certificate
- Certified Check for B/250.00 in favor of the National Treasury
- Certified Check for B/800.00 in favor of the National Immigration Service
- Activities to be carried out in the country
- Copy of your identity document
- Family dependents must prove the degree of kinship (birth certificate, marriage certificate, etc.)
In addition to this documentation, decree 226/2021 has imposed the addition of necessary information, which must adhere to the following reasons:
Labor reasons: This residence permit for citizens of friendly nations of Panama, centered its foundations on offering those who maintained labor relations with Panama the possibility of continuing to have their immigration status.
Reasons for investments in real estate: The applicant will have to present a document of public registry of Panama. In it, the ownership of real estate in the name of the natural person or of the legal person must be verified. Another fact that should not be ignored is that the property must have a minimum value of $200,000 (US dollars).
Reasons for fixed terms: This new regulation also contemplates the reasons for fixed terms. In these cases, the beneficiaries must present a certificate from the bank that is operating in Panama. Of course, this entity will be in charge of supplying the validity of: deposits, values (minimum of 200 thousand dollars), names of the holders and their term.
What has made Panama such a desired country?
Panama is a country with a nature of privilege; In addition, it is a city with one of the most important cultural wealth in the world.
However, it is a Republic that allows its citizens to enjoy a privileged quality of life. Statistics indicate that more than 150,000 people a year want to settle in these lands permanently due to two essential points:
- Its comforts and natural beauty
- The special benefits that this country offers foreigners
It is no coincidence that so many people decide to emigrate to Panamanian lands, since this country has managed to rank second with the greatest economic projection and fourth among all Latin nations that offer a high quality of life.
If you are from USA, Canada, Peru, Chile, or other friendly nation, you can benefit of this residence permit if you have plans to move to Panama. Contact us! We can provide more information and we offer real estate choices valued over $200.000 to comply with the requirements.
