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PanamaInvestors & entrepreneursLast checked October 17, 2026

Permanent Residence – Economic Solvency through Real Estate Investment

Under Article 193 of Decreto Ejecutivo 320 de 2008 (as amended), a foreigner who invests at least B/.300,000 in Panamanian real estate, with funds from abroad, can get a two-year provisional permit and then apply for permanent residence. Each dependant adds B/.2,000 to the requirement.

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1 entry rule for Panama based on recent travel

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Life in Panama

Money

3

Currency

Panamanian Balboa

PAB

Panamanian Balboa

Cost of living

50

Price level · US = 100

World Bank price levels, 2025

Tax

15–25%

Income tax (national)

ITBMS (VAT) 7%

Annual taxable income up to USD 11,000 exempt; 15% to USD 50,000; 25% above.

Official rates, 2026 · headline only

Living

1

Happiness

6.5

#37 of 145 countries

World Happiness Report 2025

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Who it’s for

Foreigners buying property in Panama worth at least B/.300,000 who want to settle there.

Eligibility

  • Minimum investment

    You need to personally own real estate worth at least B/.300,000, free of liens, with funds shown to come from abroad.

    B/.300,000

    Minimum property value

    • Property must be owned personally
    Official wording

    Real estate owned personally with a minimum value of B/.300,000, free of liens, and funds shown to come from abroad.

  • Financing

    If you paid B/.300,000 in cash on a more valuable property, the remainder may be financed with a local bank mortgage.

    B/.300,000

    Cash to pay before financing

    Official wording

    If B/.300,000 has been paid in cash on a property worth more, the remainder may be financed with a local bank mortgage.

  • Corporate or foundation ownership

    A property held through a foundation or company is allowed if specific ownership conditions are met.

    • Foundation: private-interest, applicant is founder and beneficiary
    • Company: registered shares, not bearer shares
    • Shares must be in the name of the applicant and dependants
    Official wording

    Allowed if the property is held by a private-interest foundation where the applicant is founder and beneficiary, or by a company with registered (not bearer) shares in the name of the applicant and dependants.

A sneak peek at what's inside

  • Next requirementDependants
  • Document checklistNotarised power of attorney and application
  • FeesCertified cheque to the Tesoro Nacional

The full requirements are for members

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  • 1 more requirement
  • 7 documents
  • 3 fees
  • 5 steps
  • Processing times and conditions
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