Panama · special
Panama's Friendly Nations Visa grants PR directly to citizens of 50 countries. Only requires $5k bank deposit and economic tie. Territorial taxation — foreign income untaxed.
Who is this for?
Citizens of qualifying nations seeking fast PR with territorial tax benefits in a dollar-denominated economy.
Pros
Direct PR (no temporary phase)
Territorial taxation
USD economy
Citizenship in 5 years
Strategic location
Cons
Must visit Panama in person
Lawyer recommended
Only 50 qualifying nations
Hot and humid climate
Assumed clean — update in profile if needed
Typical: 60 days (30–120)
From friendly nation
From: Passport office · ~14d
Apostilled from country of origin + Panama police clearance
From: Police · ~21d · Max 3mo old
From Panama bank
From: Panama bank · ~7d
Employment letter or company registration
From: Employer/lawyer · ~14d
You keep
€45,800/yr
€3,817/mo
Based on €60,000/yr income
Special Regimes
• Territorial taxation: foreign-source income tax-free
Permanent Residency
After 0 years
• Grants PR directly
Citizenship
After 5 years
Language: Spanish (Basic)
Dual citizenship: Allowed
Last updated: 2025-10-01 · Verified: 2025-10-01 · Always verify with official sources.