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What are the requirements of applying for a Panama Friendly Nations Visa?

I was born and live in Taiwan. I am interested in obtaining Panama residency by applying for a Panama Friendly Nations Visa because it is very affordable. What requirements do I need to meet?

  • Panama Global Solutions
    May 08, 2019

    Indeed, as a Taiwanese citizen you’ll qualify under the Friendly Nations Visa. From abroad, we will need the following documents: passport, additional photo ID and criminal records certified by country’s consulate that keeps relationship between both Panama and Taiwan, and possibly El Salvador, Guatemala or Nicaragua (given that Taiwan is not a member of The Hague apostille convention). In addition to these, you’ll need to incorporate a Panamanian company and set up a private bank account with an initial deposit of $5000 U.S. dollars.

  • Mulford Abogados
    May 07, 2019

    Considering your citizenship, is convenient to process a permanent residency visa known as “País Amigo” (Friendly Country). This is a system of permanent immigrant visas, established by the Panamanian government, for citizens or nationals of specific countries. You must establish professional or economic relationship with Panama. This visa category is more flexible than other immigration categories. For your reference, in addition to the passport, you must present the following documents: a criminal history background check. The Panama immigration department requires the applicant to provide an authenticated criminal history report issued by a federal, central or national police force or criminal investigation authority. This document must be apostilled. The criminal history background check has a validity term of 6 months from its issuance date. You need a copy of a second I.D. (other than passport) such as a driver’s license or government-issued photo I.D. This requirement is in addition to the passport to prove residency and citizenship. If you do not possess a second ID from your country of origin you can provide a birth certificate that is apostilled. You need proof of solvency, such as proof from a Panama bank that you have at least $5,000 U.S. dollars deposited. You need documents showing the economic or professional activities to be conducted in Panama. This can be proved by providing documentation that you are a member of the board of directors or shareholder of a Panamanian corporation. This corporation need to be active in business or with a labor contract and the corporate documents of the employeer. You will also need: six photos; proof of address (rent agreement or equivalent in Panama); and a health certificate issued by a Panamanian doctor. The process would take three months approximately and starts at the time that the documentation is completed. You must be in Panama when filing the visa application, for at least 10 business days, plus the time that we’ll take you open the bank account. As soon as the application is submitted, you will be granted with a temporary identification, therefore you can remain legal in Panama, until the entire process is done.

  • Kraemer & Kraemer
    May 07, 2019

    You can easily apply for the Friendly Nations Visa by fulfilling three easy categories of requirements. The general requirements are: passport and driver's license, police background check recently issued and authenticated at the nearest consulate of Panama, five photos and a good health certificate issued in Panama. Additional documents, such as power of attorney and a sworn declaration, are provided by your local attorney in Panama. You also need to prove financial solvency by opening a personal bank account in Panama, with at least $5,000 U.S. dollars deposited. Third is economic solvency: owning real estate, or a corporation, or having an employment in Panama. For the bank account and the corporation, your local attorney in Panama can assist you.