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🇵🇦 Panama

Self-Economic Solvency Visa (PEC)

High net worth individual pathway requiring $300,000 investment in Panama. Investment options: real estate ($300K+ property), bank fixed deposit (3-year CD at Panama bank), or combination. Shows economic self-sufficiency without needing employment. Grants 2-year provisional residency, then eligible for permanent residency. Must maintain minimum $10,000 in Panama bank account. Additional $2,000 per dependent. Property must be mortgage-free and registered in applicant's name. Bank deposits must be 3+ year term. After provisional period and maintaining investment, converts to permanent residency. Appeals to retirees and investors who don't qualify for Pensionado but want passive residency. After 5 years permanent residency, eligible for citizenship. Full work rights though typically used by those not seeking employment.

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Processing Time

2-year provisional residency, then convert to permanent

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Cost

$300,000 investment + legal fees ($3,000-5,000) + government fees

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Duration

2-year provisional, then permanent residency

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Work Rights

Full work rights (though typically not employment-focused)

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Path to Permanent Residence

Yes

Requirements

  • 1Minimum $300,000 total investment
  • 2Investment options: Real estate ($300K+ property free of mortgage), OR
  • 33-year certificate of deposit at Panama bank ($300K+), OR
  • 4Combination of real estate and bank deposit totaling $300K+
  • 5Maintain $10,000 minimum in Panama bank account
  • 6+$2,000 additional investment per dependent
  • 7Valid passport
  • 8Clean criminal background check for past 2 years (apostilled)
  • 9Health certificate from Panamanian doctor
  • 10Bank reference letter
  • 11Licensed attorney required

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