Executive Decree No. 109 published on October 13, 2022, modifies Executive Decree No. 722 of October 15, 2020, which was created within the category of permanent resident for economic reasons, the subcategory of permanent resident as qualified investor.
Read more: "RED CARPET" NEW QUALIFIED PERMANENT INVESTOR VISA
In May of 2012, President Ricardo Martinelli issued Presidential Decree 343 declaring that citizens of 22 friendly nations could apply to become permanent residents in a fast track manner. This “fast tracked” visa has become to be known as Panama’s Friendly Nations Visa. Since then, other decrees have increased the number of friendly nations to 50 along with clarifying the requirements to apply.
First things first: Before going to Panama, you should of course think about visa requirements. To find out whether you need a visa or a tourist card to enter the country, you should consult the nearest Panamanian Embassy or Consulate in your country of normal residence. Citizens of the US, Canada, the EU and some other states can usually enter with a valid passport, an onward ticket, and proof of solvency. However, it is highly recommended to get up-to-date information well in advance.
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