Qualified Investor Visa "Red Carpet Visa"

Panama has introduced since 2021 a new visa program that grants permanent residency in the country. This visa is specifically designed for investors seeking a simple and expedited immigration process, without the need to be physically present in Panama.

In addition, the qualifying alternatives for this visa serve as effective pathways for any investor wishing to establish residency in Panama, whether individually or together with their dependents.

To apply for this VIP or Red Carpet Visa as it is known colloquially, you must meet any of the following requirements:

• Show investment of US$300,000 in the purchase of real estate in Panama free of liens, which must be maintained for a period of 5 years.

• Show investment of US$500,000 in the purchase of securities in the Panama stock market through an authorized Panamanian brokerage house, which must be maintained for a period of 5 years.

• Show investment of US$750,000 in a time deposit for at least 5 years, in a bank in Panama with a general banking license

It is important to note that investments can be made personally, through a Panamanian company or Private Interest Foundation, as long as the applicant is the final beneficiary, and the origin of the funds for these investments comes from outside of Panama.

The applicant can apply for this visa without physically being in Panama.

The processing of the residence permit is only thirty (30) days, counted from the date of filing of the application. This is because the law establishes a review of this visa through its own one-stop window, pursuant to the intended with a VIP service.

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Patton, Moreno & Asvat | Immigration

At present, Panama is considered one of the most attractive places to live, and without a doubt, it possesses all the advantages to rank among the top preferences for investors, retirees, and individuals seeking to enjoy the lifestyle our country offers.

In Panama, legal immigration status is obtained through a formal procedure conducted before the National Directorate of Migration and Naturalization, and it is a requirement that such procedure be carried out through a licensed attorney.

For those who decide to relocate to Panama, in addition to the Qualified Investor Visa, there is a wide range of visa options available to foreign nationals, including:

• Pensioner Tourist Visa

• Immigrant Visa under the category of Economic Solvency

• Provisional Residence Permit as a Small Investor

• Temporary Visa under the City of Knowledge Agreement

• Visa granted under Resolution of the Ministry of Labor and corresponding Work Permit

• Temporary Visitor Visa for Students

• Permanent Residence Visa for Citizens of Friendly Nations

Patton, Moreno & Asvat possesses extensive experience in the field of Immigration Law, and recognizes the importance of this practice area for the successful establishment and operation of international clients in Panama.

In addition, Patton, Moreno & Asvat offers a variety of complementary immigration services, including:

• Authorized Visas for nationals of restricted countries

• Multiple Entry and Exit Visas

• Frequent Traveler (Non-Resident) Visas

• Work Permits

• Bank Account Openings

• Other related immigration services

PATTON, MORENO & ASVAT