Your Step-by-Step Process
Step 1: Submit Required Documents
Gather and submit all required documents to begin your application.
Step 2: Open Personal Bank Account
Open a personal bank account in Panama as part of the residency process.
Step 3: Submit Residency Application
Your residency application is submitted to Panamanian immigration for processing.
Step 4: Obtain Residency and ID
Receive your permanent residency status and official ID card.
Financial Requirements
Individual — $4,500
With Spouse — $7,000
Timeline
| Milestone | Timeframe |
|---|---|
| Total process | 4-6 months |
| Residency status in Panama | 3-4 business days |
Important Notes
Direct permanent residency — Direct access to permanent residency without temporary status first
Faster processing — Faster than most residency programs
Spouse inclusion — No citizenship certificate required for spouse