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What kind of due-diligence measures are in place for Friendly Nations visa recipients?

I am curious as to what background measures there are for some Panama investors, particularly the ones from the Friendly Nations. Please advise.

  • Panama Global Solutions
    June 18, 2019

    From the applicant we’ll basically need his/her passport and a second ID, together with a fresh criminal records report. Additional information, such as contact details and main source of income, may be required as well.

  • Mulford Abogados
    June 18, 2019

    Please note the due-diligence measures that are in place for Friendly Nations visa recipients: 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 six months from its issuance date. 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. Proof of solvency: Proof from a Panama bank that you have at least $5,000 USD deposited. Proof of address: a rent agreement or equivalent in Panama. Sworn declaration of personal record.

  • Kraemer & Kraemer
    June 18, 2019

    All of the adult applicants for residency in Panama are required to submit a nationwide background check from their country of citizenship or residency for the last two years, and submit the sworn declaration form prepared by Immigration National Service, which has specific questions that covers the required immigration clearing.