As a transit point, Panama has become an appealing destination for migrants worldwide. The country offers opportunities for individuals looking to relocate and thrive in a new environment. Fortunately, Panamanian law makes it easy to obtain permanent residency with multiple options available.
There are different immigration categories for foreigners to settle in Panama, including those based on:
Economic reasons: for investors in real estate or companies.
Demographic reasons:For individuals with family connections in the country, such as a spouse or children.
Employment Purposes: For individuals with employment agreements with Panamanian companies.
Specific Regulations: This classification encompasses foreign professionals, retirees, Italian nationals, and other eligible individuals.
Upon completing the process, applicants receive their permanent resident permit. This permit grants them the right to live in Panama and work, provided they obtain a permit from the Ministry of Labor and Labor Development. Residents who hold this status for five years may apply for Panamanian citizenship through naturalization.
It is important to note that all residency procedures in Panama should be handled by a specialized lawyer to ensure compliance with regulations. We provide extensive guidance to help you through this procedure. If you are contemplating Panama as your new place of residence, we are available to aid you throughout the process.
Get in touch with us today and commence your path to acquiring permanent residency in Panama!