FRECUENTLY ASKED QUESTIONS
WHICH ARE THE FOREIGNERS IMMIGRATION RESIDENCY PROGRAMS IN PANAMA?
Residency Programs Overview
In order to promote the investments and tourism in the country the Panama government has created selected visa programs of special benefits for foreign residents and retirees planning to obtain temporary or permanent residency, and in some cases citizenship and Panama passports.
Kindly download the PDF File with all the main migration programs in Panama.
WHICH ARE THE REQUIREMENTS TO APPLY FOR RETIREE PERMANENT VISA IN PANAMA?
You may request this permit, if you receive a pension fund from foreign government, international organization or private enterprise, Foreigners entering the country to settle in and has sufficient funds to cover all your living expenses and those of their dependents in the country. Monthly income or pension shall not be less than one thousand dollars (B / 1,000.00) and must be granted for life.
WHICH ARE THE PROCEDURES AND DOCUMENTS TO BUY A PROPERTY OR HOUSE IN PANAMA, IF I REQUEST A MORGAGE LOAN?
Despite the real estate boom in Panama it is not very easy for a foreigner to obtain a mortgage in
Panama, nevertheless, banks are willing to provide these services if some requirements are
fulfilled, we consider that with a little of patience and time they can be settled.
kindly read our pdf. file, listing the main points and bank requirements for these procedures:
WHICH ARE THE REAL ESTATE TAXES BY LAW IN PANAMA?
Real Estate Taxes:
Article 764 of the Panamanian Tax Code indicates which properties are exempt from property tax. These properties include:
1. All properties registered at a value of 30,000 USD or less including improvements to the land, i.e. construction
2. Land used exclusively for farming and registered with the Ministry of Agriculture and Development at less than 150,000 USD.
Kindly open the pdf file to review the Real Estate tax table in Panama.