BLUF: Panama’s former Friendly Nations Visa, which was once considered the best residency option, has become expensive and restrictive in 2021. However, there are still attractive residency options available in Panama in 2023, such as the Retirement Visa (Pensionado), which offers permanent residency with a monthly pension requirement of $1,000. Other options include the (revamped) Friendly Nations Visa, Investor Residency Program, Residency for Qualified Investors (Golden Visa), Reforestation Visa, and Private Income Retiree Visa. The Retirement Visa is particularly appealing, offering various discounts and benefits for retirees. Investor visa programs in Panama have capital requirements ranging from $80,000 to $500,000 or more, but other options like European Golden Visas or Caribbean Citizenship By Investment programs may be worth considering. To learn more about Panama’s residency options, consider joining Sovereign Confidential.
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