Description
The Friendly Nations Visa is ideal for those who are not retired and/or cannot prove a lifetime income, like Social Security or a Pension. The only income you will need to prove is putting $5,000 in a Panama bank account. For each additional dependent, you will need to add an extra $2,000 to the bank account. The Friendly Nations Visa allows you to get a work permit so you can sell products or services in Panama. To get any Visa in Panama, you will need to provide a nationwide criminal report, like an FBI report. If married and applying together, you’ll also need a certified copy of your marriage certificate.
If hired as a professional by a Panama company, the decree orders the Ministry of Labor to fast track the issuance of a work permit. (The Work permit if need it has an additional cost of $600) In addition, the foreign professional must register with Panama’s Social Security Administration. The employer will need to provide an employment contract or a letter explaining the professional capacity the foreigner is hired for. Certain professions are restricted only for Panama citizens like architects, attorneys, engineers, and medical & veterinary doctors.
Our attorneys can create a company for you for an additional $1,700 fee + $300 legal resident cost per year (first year is included on the incorporation cost).
The Panama 50 Friendly Nations
Andorra
Argentina
Australia
Austria
Belgium
Brazil
Canada
Chile
Costa Rica
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hong Kong
Hungary
Ireland
Israel
Japan
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Mexico
Monaco
Marino
Montenegro
Netherlands
New Zealand
Norway
Paraguay
Poland
Portugal
Serbia
Singapore
Slovakia
Spain
South Africa
South Korea
Sweden
Switzerland
Taiwan
United States of America
Uruguay
United Kingdom (Great Britain & Northern Ireland)
English
Chinese (Simplified)
French
German
Russian
Spanish