🇵🇦

Panama

U.S. dollar economy with the best retiree visa in the Americas

temporary resident

Friendly Nations Visa

Residency for Americans with $200,000 economic commitment

Processing Time
4-8 months
Validity
2 years (temporary), then permanent
Estimated Cost
$6,000 - 8,000
Renewable
Yes

Overview

Still active despite outdated rumors of closure, the Friendly Nations Visa provides a pathway to permanent residency for citizens of 50 "friendly" countries including the United States. It requires establishing a $200,000 minimum economic tie through property purchase or bank deposit, making it ideal for working-age Americans seeking long-term residency.

Who It's For

Working-age Americans and citizens of other friendly nations who can demonstrate $200,000 in economic ties through titled property purchase or a three-year fixed bank deposit. Also available through employment with a Panamanian company.

Requirements

Required Documents

  • Valid passport
  • Police clearance from last country of residence (apostilled)
  • Health certificate
  • Passport photos
  • Proof of economic tie (property deed or bank certificate)
  • Professional or employment letter if applicable

Application Process

  1. 1

    Establish economic tie

    Purchase titled property worth $200,000+ or make 3-year fixed deposit of $200,000 in Panamanian bank.

  2. 2

    Hire Panamanian immigration attorney

    All applications must be filed through licensed attorney.

  3. 3

    Gather and authenticate documents

    Police clearance, health certificate, proof of economic tie. All documents apostilled.

  4. 4

    Submit application

    Attorney files with immigration. Processing takes 4-8 months.

  5. 5

    Receive temporary residency

    Approved applicants receive 2-year temporary residency.

  6. 6

    Apply for permanent residency

    After 2 years, apply for conversion to permanent status. Total time to PR approximately 3 years.

Path Forward

Path to Permanent Residency

Temporary residency converts to permanent after approximately 2 years with additional application.

Path to Citizenship

After receiving permanent residency (approximately 3 years total), citizenship eligibility begins after 5 years continuous permanent residency.

Tips

  • Verify property is titled in Public Registry before purchase
  • Program remains open despite internet rumors
  • Bank deposit must be fixed term (not savings account)
  • Employment route takes longer but requires no investment

Common Mistakes

  • Using Rights of Possession property instead of titled property
  • Bank deposit not meeting 3-year fixed requirement
  • Believing rumors that visa program has closed
  • Incomplete economic tie documentation

DIY vs. Hiring a Lawyer

Attorney required. Legal fees typically $1,500-3,500. More complex than Pensionado due to economic tie verification.

Need Help with Your Application?

Compare other visa options or find immigration lawyers who can help.