Is Panama residency recommended for people who travel a lot?

I want to apply for a residency visa that will give me the flexibility to relocate and explore new business opportunities. However, I travel a lot because of my company. I hear Panama is a good option because I don't have to live all the time. Would you recommend this?

Answers

On March 24, 2024 Giovanna Bernal answered:

Panama is often recommended for frequent travelers seeking residency due to its friendly visa policies, minimal in-country stay requirements, and tax benefits for income earned abroad. The Friendly Nations Visa offers a straightforward path to residency, requiring a visit every two years to maintain status. Plus, Panama's strategic location and high quality of life make it an attractive base.

On March 24, 2024 Marcos Kraemer answered:

Panama offers several residency options by granting temporary, provisional, and permanent residency status, for which country visiting requirements to maintain the status are at least once every 2 years, which has resulted in beneficial for some foreigners, while other countries require visiting every 6 months.

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