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Panama has introduced important updates to its investment visa program through Executive Decrees 722 and 193, effective in 2025. These changes aim to streamline the application process and ensure that applicants demonstrate a genuine commitment to residing in the country.
Executive Decree 722: Overview
Enacted in October 2020, Executive Decree 722 established the Qualified Investor Visa. This allows foreign nationals to obtain permanent residency by making a substantial investment in Panama. The main investment options under this decree include:
- Real Estate Investment: A minimum of $300,000 in Panamanian real estate.
- Fixed-Term Bank Deposit: A minimum of $750,000 in a Panamanian bank for a term of at least five years.
- Stock Market Investment: A minimum of $500,000 invested in Panamanian stocks through authorized brokers.
These options provide flexibility for investors seeking residency through various avenues.
Executive Decree 193: Key Updates
Issued in late 2023, Executive Decree 193 complements and updates Decree 722 by introducing additional requirements and adjustments to enhance the integrity of the investment visa program. Key changes include:
- Certification of Investments: Applicants must provide certification of their investments, whether in real estate, bank deposits, or stock market holdings, to verify the legitimacy and source of funds.
- Documentation Requirements: Enhanced documentation is required to demonstrate the applicant’s financial capacity and commitment to residing in Panama.
- Processing Times: While the program remains a fast-track route to residency, processing times may be slightly extended due to the additional verification steps.
These updates aim to ensure that applicants are genuine investors with a long-term interest in establishing themselves in Panama.
Who Can Apply in 2025?
The investment visa program targets foreign investors who want to establish permanent residence in Panama through business projects, real estate investments, or long-term financial deposits. Applicants must submit comprehensive documentation to demonstrate their investment and residency intentions.
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