Quick Facts
Visa Duration
9 Months (Renewable for 1 additional 9-month period)
Income Required
$36,000/yr (~$3,000/mo)
Processing Time
30 Days
Renewable
Yes (Up to 18 months total)
Family Allowed
Yes
Remote Work Allowed
Yes
Requirements
- Proof of remote employment contract or ownership of foreign company.
- Bank statements demonstrating minimum foreign income of $36,000 USD per year.
- Health insurance policy valid for the duration of stay in Panama.
- Sworn affidavit agreeing not to accept local employment within Panama.
Application Process
- Step 1
Prepare foreign employment contract, bank statements, and background check.
- Step 2
Submit application via a licensed Panamanian immigration attorney or through the official portal.
- Step 3
Receive visa approval and travel to Panama.
- Step 4
Obtain temporary residence card from the National Immigration Service.
Estimated Costs
Government Processing Fee$250 USD
Immigration Security Fee$50 USD
Pros & Cons
Pro
Uses the US Dollar, strong air connectivity hub, and clear territorial taxation structure.
Con
Requires hiring a local immigration attorney for formal document submission.
FAQs
Can my family join me under this visa?+
Yes. Dependent family members can be included with additional proof of income.
Does this visa grant access to the Schengen area?+
No. Valid only for legal stay in Panama.
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