Panama offers a range of accessible residency programs through territorial taxation, strong banking infrastructure, and strategic location. Known for its low commitment requirements and expat-friendly policies, it remains a practical option for those seeking Latin American residency.
What daily life actually looks like
Cost of living, neighborhoods, food, culture, and what to expect.
Paths to Permanent Residency
*$750/month pension with minimum $100,000 Panamanian real estate investment
Friendly Nations VisaSelf-Solvency VisaOther VisasDirect Permanent Residency
Timeline
2 years → permanent
Eligible
USA, Canada, UK, EU, AU +45
What you get:
- Territorial tax (0% on foreign income)
- Visit requirement: Once every 2 years
- Citizenship eligible after 5 years
- World-class banking access
- Full concierge support
*For citizens of 50+ approved countries including USA, Canada, UK, EU nations, Australia, and others. Requirements differ for other nationalities - contact us for details.
Investment Options:
*Through October 2026
Timeline to Permanent Residency
~45-60 days
What you get:
- Immediate permanent residency
- No provisional period
- 25% corporate tax on local income
- Foreign income: $0 tax
- Visit once every 2 years
- Citizenship in 5 years
- Territorial tax: 0% on foreign income
- Up to 25% on local income
- No inheritance, wealth, gift, or estate tax
- Low property tax
- Robust international banking
- Visit once every 2 years
- No strict physical presence requirement
- Maintain residency from anywhere
- Eligible after 5 years permanent residency
- Oath of renunciation required
- Spanish proficiency required
*Most Western countries don't enforce Panama's oath. See FAQ for details
- American-trained doctors
- Large expat community
- Excellent flight connections
- Pensionado discounts (25% off for retirees)
- Digital nomad friendly
Regulatory Status
Removed from FATF grey list (October 2023) • Remains on EU list of non-cooperative tax jurisdictions