Changes to the Friendly Nations Visa

Changes to the Friendly Nations Visa

Changes to the Friendly Nations Visa

Friendly Nations Visa - Panama

NEW UPDATE: THE GOVERNMENT OF PANAMA JUST PASSED A NEW LAW (EXECUTIVE DECREE 197 OF THE 7TH OF MAY 2021) THAT CHANGES THE REQUIREMENTS FOR THE FRIENDLY NATIONS RESIDENCY PROGRAM.

Beginning on the 5th of August 2021, Panama’s Friendly Nations residency program will grant a 2 year temporary residency permit, and then the applicant may apply for permanent residency.

The economic activity requirement is now limited to two options:

Be employed in Panama by a legal Panama Corporation with a formal labor contract, and a work permit.
Purchase a real estate property with a minimum value of US$200,000 (bank financing is permitted).
Please note that those who already submitted their applications for residency under the Friendly Nations program and are in process, or those who submit their applications before the 5th of August 2021, they will enter under the previous Friendly Nations law requirements.

However, those who have not applied by the 5th of August 2021 will be required to comply with the new requirements. CONTACT US 

For more information continue to check this page for new updates or you can contact us here.

  • Original Professional Reference Letter (Not older than 6 month)
  • Certified copy of Business License or Incorporation documents
  • Eight passport-size photos
  • Certified copy of ID Card
  • Certified copy of passport
  • Evidence of Residential Address
  • Original Bank Reference Letter (Not older than 6 month)
  • Original Police Clearance Certificate
  • Original or Certified copy of Birth Certificate (if applicable)
  • Original or Certified copy of Marriage Certificate (if applicable)
  • Affidavit of support for Dependents
  • Medical Certificate
changes to the friendly nations visa 1 and text

REPUBLIC OF PANAMA
MINISTRY OF PUBLIC SECURITY

EXECUTIVE DECREE No.
From 2021

That modifies and adds articles to Executive Decree No. 416 of June 13, 2012, which creates
Within the immigration category of Permanent Resident, the subcategory of Resident
Permanent, as foreigners nationals of specific countries that maintain relations
friendly, professional, economic and investment with the Republic of Panama

THE PRESIDENT OF THE REPUBLIC
in use of their constitutional and legal powers,

CONSIDERING:

That Decree Law No. 3 of February 22, 2008, regulated by Executive Decree
No. 320 of August 8, 2008, modified by Executive Decree No. 26 of March 2, 2009,
creates the National Service of Migration, the Migratory Race and dictates other dispositions;

That article 15 of Decree Law No. 3 of 2008 provides that the Executive Branch shall regulate
the conditions and requirements that must be met to apply to each of the categories
migratory and will be able to create other migratory subcategories;

That by means of Executive Decree No. 416 of June 13, 2012, it was created within the category
Permanent Resident immigration status, the subcategory of Permanent Resident, as
foreign nationals of specific countries who maintain friendly, professional,
economic and investment in the Republic of Panama; same that has been modified by the
Executive Decree No. 806 of October 9, 2012, Executive Decree No. 548 of May 14
of 2013, Executive Decree No.] 174 of November 28, 2013 and Executive Decree No. 212
of April 17, 2014;

That orderly immigration is a phenomenon that contributes to economic and social development,
technology transfer and fosters cultural diversity, consequently, and after a
analysis carried out with the corresponding public security authorities, the Executive Branch
deems appropriate to adjust the requirements and other provisions of the Resident subcategory
Permanent, as foreigners nationals of specific countries that maintain relations
friendly, professional, economic and investment in the Republic of Panama, so that they are in
concordance with the current needs of the country,

DECREE:

Article ]. Article 2 of Executive Decree No. 416 of June 13, 2012, which
looks like this:

Article 2. Foreigners who may opt for this type of Resident permit
Permanent will be only nationals of: United Kingdom of Great Britain and
Northern Ireland, Federal Republic of Germany, Argentine Republic,
Confederation of Australia, Republic of Korea, Republic of Austria, Republic
Federative of Brazil, Kingdom of Belgium, Canada, Kingdom of Spain, United States
of America, Slovak Republic, French Republic, Republic of Finland,
Kingdom of the Netherlands, Republic of Ireland, State of Japan, Kingdom of
Norway, Czech Republic, Swiss Confederation, Republic of Singapore,
Oriental Republic of Uruguay, Republic of Chile, Kingdom of Sweden, Republic
of Poland, Hungary, Hellenic Republic (Greece), Portuguese Republic,
Republic of Croatia, Republic of Estonia, Republic of Lithuania, Republic of
Latvia, Republic of Cyprus, Republic of Malta, Republic of Serbia,

 

 

 

No. 29290-A Official Digital Gazette, Thursday, May 20, 2021 2

 

 

 

Montenegro, State of Israel, Kingdom of Denmark, Republic of South Africa, New
Zealand, Hong Kong Special Administrative Region of the People's Republic
China, Grand Duchy of Luxembourg, Principality of Liechtenstein, Principality of
Mônaco, Principality of Andorra, Most Serene Republic of San Marino, Republic
of Costa Rica, the Republic of Paraguay and the United Mexican States.

Article 2. Article 3 of Executive Decree No. 416 of June 13, 2012 is amended, which
it looks like this:

Article 3: The National Immigration Service may grant a permit for
Provisional Residence for a period of two years to those who request
the subcategory of Permanent Resident, as foreign nationals of
specific countries that maintain relations , professional, economical relationships
and investment with the Republic of Panama, in order to carry out activities
economic or professional, in accordance with the provisions of this Decree
Executive. For this, every applicant, in addition to meeting the requirements
established in article 28 of Decree Law No. 3 of February 22, 2008, you must
provide the following:

1. Three passport-size photographs.
2. Documentation that demonstrates the purpose of requiring your residence according to the
economic or professional activity to be carried out, except activities, or
professions reserved by law for nationals, which can be demonstrated by
any of the following reasons:

to. For work reasons:

to.]. Letter of employment on letterhead, signed by the representative
employer's legal status, certifying the position, salary and
commitment to assume the repatriation expenses, depending on the
case.
a.2 Certificate from the Panama Public Registry of the company
employer.
a.3 Notice of Operations of the employing company. If
the employing company is not required to maintain a Notice of
Operation, proof must be provided, as established
Article 4 of Law 5 of 2017.

For the approval of the Residence Permit, the applicant and his
employer will be obliged to file with the Ministry of
Work and Labor Development the work permit that authorizes the
applicant to work in the national territory.

b. For investment reasons in real estate: Certificate of Registration
Public of Panama that verifies the ownership of the real estate, to
personal title of the applicant, with a minimum value of two hundred thousand
balboas (B 200,000.00), an operation that may be financed through
a local bank.

3. Certification that proves the relationship, in case of having dependents, the
which must be accredited by a birth certificate or certificate of
marriage, as the case may be, duly apostilled or legalized by
Panamanian consulate and, if they come in a language other than Spanish, duly
translated by a certified public translator.
4. Letter of responsibility of the applicant, by which he undertakes to become
responsible for his dependents, if applicable. @

BASIC FEES AND COST FOR 1 PERSON .(NEED TO BE PERSONALIZED) Ask information TILL 5th AUGUST 2021 .YOU CAN USE THE OLD LAW FOR PERMANENT RESIDENCY

Panama Friendly nations visa

MAIN APPLICANT DEPENDENT (+12YEARS OLD) DEPENDENT (-12YEARS OLD)
Corporation $1800 --
Legal Fees $1800$1500
$500
Notary and Translations Expenses (basic than be more depend the quantity of translations)$ depend $ depend$ depend
Government fees $1050$1050$250
Total $ 4650
Basic
$ 2550
Basic
$750

GOVERNEMENT FEES BREAKDOWN

Fees
Repatriation Fee$ 800
Application Fee $ 250
Registration Fee $ 50
Temporary Id $ 100
Multiple Visa $ 350

Obtain personalize free cost and fees calculation TILL 5th AUGUST 2021

Friendly Nations Visa - Panama
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