Panama Qualified Investor Visa

The Government of Panama has approved a significant new regulation to its Panama Qualified Investor Visa (also known as the Golden Visa) through Decree 193, effective from October 15th, 2024.

This permanent residence visa, originally launched to attract high-net-worth individuals by offering a fast-track route to residency, has now undergone crucial changes to its real estate investment requirements and processing options, making it more accessible to medium-net-worth individuals. 

Key Changes for Real Estate Investment

1. Real Estate Investment: The minimum required real estate investment has been lowered from $500,000 to $300,000. This amount applies whether the purchase is made directly by the individual, through a Panamanian foundation, or via a corporate entity, provided the applicant maintains beneficial ownership.

The other 2 options to invest in are:

2. Investing in Panama Listed-Securities – Investment for US$500,000 through a licensed securities company for a period in Panamanian listed securities for no less than 5 years. 

3. Bank Time Deposit – Setting up a time deposit in any licensed bank in Panama for US$750,000 for no less than 5 years. The deposit must be free of any financial commitment or charges. 

Highlights of the program

Applicants can now make the required investment in:

1. Completed or Pre-Construction real estate projects, documented by a promise of buy/sell contract.

2. Investment Amount of not less than US$300,000 deposited in a Trust managed by a Panamanian trustee.

3. Direct Payment to the developer for an amount equal for 100% of the price of the real estate property at the time of purchase (but not less than US$300,000) with a bank letter of guarantee from the developer or seller on behalf of the buyer/investor.

Co-ownership Investments are Accepted

If the real estate purchase is executed personally, through a company or foundation, and co-ownership arrangements are allowed between spouses or dependents. In such cases, the investment will still qualify, promoting flexibility for families or dependents applying together under the same visa.

New Passport Added

Considering the enactment of Law No. 493 of October 28, 2025, we are pleased to inform that the special category of Qualified Investor will grant the principal applicant and their dependents the right to obtain a Special Travel Passport issued by the Republic of Panama.

This important development represents an additional recognition of the commitment and trust of those who invest in the country, strengthening the advantages of the program and reaffirming Panama’s appeal as a destination for investment and residency.

The process for issuing this special passport will take place soon once the competent authorities regulate the corresponding procedure and the Panama Passport Authority begins its formal implementation.

With this document, residents under the Qualified Investor Program will be able to enjoy the benefits of the Special Travel Passport, which could prove highly advantageous for traveling to countries with which Panama maintains visa waiver agreements, thus facilitating international mobility and expanding global connection opportunities.

Our team will be more than happy to assist you in the procurement of your permanent residency visa, purchasing real estate, opening a bank account and any other services which you may need.  

Additional Details to Consider

• The processing time remains fast, with approvals typically issued within 30 working days as of the date of receipt of all complete documentation.
• The investment must be maintained for at least five (5) years to retain residency status.
• Applicants and their dependents can complete the application through a Panamanian lawyer and initiate the process remotely before arriving in Panama.