How much do you need to live in Panama in 2025?

Panama: an increasingly popular destination for settling

Panama has positioned itself as one of the most attractive destinations for foreigners looking to live temporarily or permanently in Latin America. With a strong economy, strategic location, and accessible immigration policies, the country offers multiple options for those looking to start a new life.

From retirees and workers to investors, Panama has residency programs designed for different profiles.

General requirements to apply for residency

Although each visa category has specific requirements, there are certain documents that are typically requested in most immigration procedures:

1. Valid passport , with at least six months before its expiration.

2. Criminal record certificate from the country of origin or the place where you have resided in the last two years.

3. Recent passport-size photographs .

4. Proof of financial solvency , such as bank letters, account statements or income certifications.

5. Medical certificate , issued in Panama by an authorized professional.

Having these documents up to date speeds up the process, although each program may require additional requirements depending on the applicant's profile.

Most common types of residence in Panama

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Friendly Countries Visa

Designed for citizens of countries with which Panama maintains close diplomatic relations.

It allows you to obtain residency for work or investment. It requires a formal job offer or the creation of a business in the country.

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Retirement Residence (Pensioner Tourist)

Designed for retirees who receive a minimum monthly pension of $1,000.

It offers multiple benefits such as tax exemptions and discounts on health, transportation, and entertainment.

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Residence by Investment (Economic or Real Estate)

Available to those investing from $300,000 in real estate or financial instruments.

It is an attractive option for investors seeking legal residency while developing projects in the country.

Why is it key to have legal advice?

The assistance of an immigration attorney not only speeds up the process but also ensures that all documentation is accurate, current, and tailored to the type of residency most convenient for the applicant.

Additionally, an expert can analyze your profile to help you choose the safest and most strategic path to legally establish yourself in Panama.

Ready to get started?

Whether you want to retire in a tropical climate, open a business, or work in a stable economic environment, Panama has an immigration option for you .

Schedule a consultation with our team and let us help you take the first step toward your new life in the country.