Foreigners who invest a minimum of $300,000 in real estate in Panama may apply for the Permanent Residence Program for Economic Reasons for Qualified Investors.

In order to stimulate economic reactivation by attracting high net worth investors to boost different sectors of the economy such as real estate and construction, the government created a new program.

See “Central America: Is the Real Estate Market Moving?”

According to Executive Decree No. 722 of October 15, 2020, to apply for this program, foreign investors must invest in real estate for a minimum of $300,000 during the first 24 months of the decree’s effective date. After this time, the amount increases to $500,000.

You may be interested in “Real Estate Supply: How do Prices Behave?”

The real estate investments can be for units already finished or also through the investment by means of contracts of promise to buy and sell real estate units, through the incorporation of a trust that guarantees the purchase of the real estate, explains an official statement.

The document issued by the Ministry of the Presidency explains that “… other investment modalities established in this decree of the Ministry of Security, include the purchase of securities in the Panama Stock Exchange for a minimum amount of $500,000 and the establishment of fixed banking terms for a minimum of $750,000. These securities must have a direct impact on the national territory. All investments must be maintained for a minimum of 5 years and for the investor to obtain immediate permanent residence after the process is completed, which is estimated to take 30 days“.
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