Yes, under the Friendly Nations Visa program you may apply if you finance your property purchase with a local bank. However, most local banks will require proof of local income in order to provide financing.
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What are some alternative payment options to obtain permanent residence in Panama?
I am from a country that qualifies for the Friendly Nations Visa. If I invest in property in Panama using a loan from my local bank, can I use that property to apply for permanent residence? Is there a mortgage system that works with the program?
Answers
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As long as you can pay the property in full in Panama, you can apply for the FNV residency program. Mortgages are allowed as long as done with a local bank in Panama.
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