Economic Solvency for Mixed Investment (Fed-Term Deposit and Real Estate)

At LEGAL@work, we understand that the process of obtaining Permanent Residency in Panama can be overwhelming, especially when it comes to meeting the financial requirements. Our team of experienced attorneys is here to guide you through the process and ensure that your application is successful.

The Permanent Residency for Economic Solvency through Mixed Investment (PPT-SEP-IM) program requires foreign applicants to invest a minimum of 300,000 balboas in real estate or fixed-term deposits, or a combination of both, and demonstrate that the funds originate from abroad. This permit will be valid for a term of two years, after which the applicant can opt for permanent residency. To include dependents, an additional investment of B/.2,000.00 per dependent must be made and can be justified through a local bank reference.

The requirements for this program include:

  • Power of Attorney and Application (notarized)
  • Three (3) photographs
  • Certified copy of passport (notarized or authorized correspondent)
  • Criminal Record Certificate
  • Health Certificate
  • Certified check of B/250.00 in favor of the National Treasury
  • Certified check of B/800.00 in favor of the National Migration Service
  • Personal Background Declaration Form
  • Certification from the Public Register proving personal ownership of real estate with a minimum value of 300,000 balboas (B/300,000.00). The certification must indicate that the property is free of liens.
  • Bank certification that a fixed-term deposit account has been opened in the applicant's name for the amount of 300,000 balboas (B/300,000.00)or its equivalent in foreign currency and with a minimum duration of three (3)years, in any bank with a general license in the national territory. This fixed-term deposit must be free of liens.
  • Certified copy of the fixed-term deposit certificate authenticated by the bank
  • In the case of dependents: Letter of responsibility, proof of relationship, proof of address, if over 18, certificate of single status and certified studies.

Exceptions to the rule include:

18.     When the properties are in the name of a private interest foundation, the foreigner may apply for this permit as long as they demonstrate that the founder and he or his dependents are the beneficiaries. The Public Register certificate must show the designation of the founder and beneficiary.

19.     Applications for Permanent Residency for self-sustaining economic solvency will be considered for those foreigners who have invested a minimum of 200,000 balboas and less than 300,000 balboas in real estate in the national territory, and who, due to force majeure or fortuitous events, were unable to prove the ownership of the property before the entry into force of this regulation.

Our legal fees will vary depending on the complexity of the case, but we will provide a detailed estimate at the beginning of the process. With LEGAL@work, you can trust that your application will be handled with the utmost professionalism and accuracy. Don't hesitate to contact us for more information or to schedule a consultation.

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