Panama : Permanent Residence Visas

RESIDENCY OPTIONS PANAMA

Living in Panama

Many times when looking for a second residency, the plan is never to actually live there long-term. Unfortunately, many countries that offer easy residency programs are not desirable places to stay long-term in the first place.
This is not the case with Panama. It is absolutely possible to live a very good life in this country.
Let’s jump into the reasons why Panama is a great place for your (first) second residency.

Geographic location: Panama is a great hub

Panama offers an excellent geographic location. Located in the middle of Central America, you can reach many different destinations within the Americas within hours.

Why Immigrate & Become a Resident of Panama?

  • Have a second home in Panama, a tropical country where one can peacefully live in Panama, or visit Panama on a part-time basis.
  • Have a “safe haven” in Panama to escape to in the event of war or any type of political or civil unrest that may threaten ones’ family.
  • Actually live in Panama permanently, perhaps after retirement and obtain a Panamanian residency visa.
  • Relocating to Panama to a tropical, stable, safe country where it is very economical to live in comparison with most other developed countries such as the US, Canada, Europe, etc.
  • Relocate to a more “tax friendly” country and enjoy the benefits of Panama’s territorial tax system (only pay taxes on locally sourced income). NOTE: this does not apply to US persons (citizens or residents) who are taxed world-wide regardless of second residency or second citizenship status.
  • Relocate to a country where one can do business operations economically, and without heavy restrictions.
  • Relocate to a country where real estate is still affordable for purchasing homes in the city or land at the beaches, mountains, lakes, etc.