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Can any one get residency in Panama through bank deposit?

I heard that it is possible to participate in the residency-by-investment program in Panama simply through a bank deposit. Does this option apply to any foreign nationals?

  • Mulford Abogados
    April 13, 2020

    Yes. To apply, you should make a fixed-term deposit or invest $300,000 plus $2,000.00 per each member of your family. Basically, you can structure your investment in one of three ways: spending a minimum of $300,000 on real estate in Panama; placing $300,000 in a fixed-term deposit in a bank with a physical branch in Panama; split between a property purchase and fixed-term deposit, provided the total adds up to at least $300,000. For example, if your property costs you $280,000, you may place $20,000 in a fixed-term deposit to qualify for this permit. You must keep the property and/or fixed-term deposits until you are granted your permanent residency (takes approximately three years). Once you have your permanent residency, you can sell the property or withdraw any/all funds from the deposit post-term.

  • Panama Global Solutions
    April 10, 2020

    Yes, by means of a 3-year fixed-term deposit, with a minimum amount of $300,000, anyone may obtain residency in Panama, regardless of their nationality. Keep in mind that nationals from some countries will require a visa to visit Panama in the first place.

  • Kraemer & Kraemer
    April 09, 2020

    Indeed, all individuals without nationality restriction are eligible to apply for the Panama Self Solvency Visa, by merely investing in a local bank an amount of $300,000 in a 3-year fixed-term deposit. Permanente residency is granted in approximately 3 years from starting the process.