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How can I get residency in Panama through bank deposit?

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

  • Kraemer & Kraemer
    October 29, 2020

    The self solvency residency is available to investors of any country, as long as a minimum contract deposit for at least three years is done in the minimum amount of $300,000. Temporal residency is secured immediately, and permanent residency within three years, approximately.

  • Mulford Abogados
    October 23, 2020

    Yes, the residency-by-investment program in Panama with a bank deposit applies to any foreign nationals. It must be a deposit of at least US$300,000.

  • Panama Global Solutions
    October 22, 2020

    There is, indeed, an option under our residency-by-investment programs that involves a bank deposit, regulations require that the applicant set up a fixed term deposit at a Panamanian bank for at least US$300,000 for a term of 36 months. This residency permit is first granted for two years, to later be converted into a permanent one.