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Can I buy real estate to obtain Panama residency?

I am interested in buying a small home in Panama City. I do not come from one of the countries listed on the Friendly Nations list. Can buying real estate help me live in the country? Why or why not?

  • Mulford Abogados
    July 11, 2019

    Yes. If you are not planning to work or engage in business activities in Panama, you can invest $300,000 on properties in Panama and apply to an investor visa.

  • Panama Global Solutions
    July 12, 2019

    It is possible to apply and obtain a residency permit by investing at least $300,000 in real estate. It can be one or more properties, as long as the investment is mortgage free. If you will include dependents, you should add $2000 per dependent.

  • Kraemer & Kraemer
    July 11, 2019

    Yes, you can. Under the self-solvency visa category, you can apply for permanent residency if you suffice a minimum investment of $300,000 in the country, which can be in real estate, fixed-term bank deposits or a combination of both.