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PANAMA

There is a visa for everyone. Here are the most common residence permits in Panama. Either as a second home, investment, plan B, or to stay permanently in the country.

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    Whether you are looking for a destination to emigrate to, want to have a "Plan B" on hand, want to spend your retirement in the sunny south, or are interested in business projects and investments abroad. You might ask why so many ex-pats choose Panama. The answer is often a decision of the heart. There are many reasons why we love Panama so much and which make this country for us one of the most attractive places in the whole world.

    • Getting your residence permit is easy
    • Modern infrastructure: high-speed internet, good roads, and reliable services
    • Sunshine climate, beaches, and two oceans
    • US dollar as the official currency
    • Affordable investment opportunities
    • Authentic, warm, and heartfelt

    Retire in Panama

    Do you want to retire overseas? The Jubilado Pensionado Visa program makes moving to Panama easy. The main requirement to qualify is the proof of a lifelong pension of at least US$1,000 a month.

    See For Yourself

    Investment

    Are you looking to move to Panama or want a part-time residency option? The Friendly Nations Visa provides you and your family the opportunity to obtain a permanent Panama residency and optional work permit through investment.

    Details Here

    Golden Visa

    Looking for a residency option without having to travel? The Panama Golden Visa offers the possibility to obtain permanent residency and E-card (cédula) within 30 days without coming personally for Panama for the procedure.

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    Family Reunification

    Family members of a foreign resident in Panama like spouses and/ or minor children can apply for a Family Reunification Visa. This category is also suitable for children up to the age of 25 years as long as they are studying full time at a university in Panama.

    See How It Works

    For Italians ONLY

    The Convenio Panama - Italia is a Visa program especially for Italian citizens with the option to obtain permanent residency (and an optional work permit) by proofing a bank account in Panama and an economic activity.

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    Just Married

    Spouses of Panamanian citizens may apply for a Marriage Visa which grants them residency and optional work permit. A marriage interview must be conducted unless the couple has two (2) common children together.

    Marriage Interview Story…

    The Fastest Way to Get Your Panama Visa.

    The government of Panama has created over the years more than 50 immigration categories to facilitate the immigration of foreign professionals, investors, entrepreneurs, family members, or retirees.

    Apply Online

    All residency applications in Panama must be submitted by a licensed attorney.

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    Submit Informations

    We will analyze which immigration category suits you best.

    Submit Information

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    Review of Documents

    Collect all necessary documents and papers required for the application.

    Review of Documents

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    Travel

    File your application and receive your temporary residency ID card.

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    Success Stories

    Thank you very much for a very fast, reliable and uncomplicated support during my migration to Panama. As a great advantage I have also experienced the German-speaking assistance, without the need of an”additional intermediary migration expert”, as there is a lawyer's duty for any migration procedure.

    G.S.

    Gomez Tomiczek Law Firm service germany
 countryMigration procedure

    Definitely a recommendation for those who want to settle in Panama! Meanwhile, this law firm even has 2 locations in Panama, one in Panama City and one in Chiriqui where you file your application in David without the "hustle and bustle” of the capital. Without a doubt five stars from me!

    S.H.

    Gomez Tomiczek Law Firm service united-states-of-america
 countryMigration procedure

    I have had my residence papers for Panama filed by Gomez Tomiczek and can only recommend them. Everything was handled smoothly; absolutely competently and reliably. The big advantage should also be mentioned: The Office Manager speaks German, which simplifies many things.

    A.H

    Gomez Tomiczek Law Firm service germany
 countryCanada Students Visa

    Guide to Panama - Best Place to Retire

    When you mention the word “Panama”, usually people do not know what to expect, the tropical isthmus remains an exotic domicile in the sunny south for most, which is why we have summed up the most frequently asked questions:

    What language is spoken in Panama? Spanish.

    How big is Panama? About the size of Austria, but with only half as many inhabitants (four million).

    What is the climate like in Panama? Sunny, warm, and tropical, all year round. Even in the rainy season. Average temperatures are between 29 and 32 degrees Celsius. In the higher regions, such as the highlands of Chiriqui province (Volcan, Cerro Punta, and Boquete), the climate is more humid, but the temperatures are much lower. In general, the Pacific coast is somewhat cooler than the Caribbean coast (Atlantic Ocean). The year is divided into rainy and dry seasons. The rainy season usually lasts from April to December, but in recent years the dry season has been relatively strong and often lasted until May or June. Expect the heaviest rainfalls from September to October. However, the rainy season does not mean that it rains all day. Usually, there is a short, heavy rain shower in the afternoon, which brings a welcome, refreshing cooling.

    Are there beaches? Can you go on vacation there? Yes, there are fantastic beaches, partly crystal clear water, and untouched nature. Panama is a REAL insider tip.

    How do I get to Panama? Flying to Panama is easy. Most travelers fly to Tocumen International Airport in Panama City (PTY). In recent years, Tocumen has become an important logistic hub for the region, the airport has been expanded and new direct flights are added annually. From Tocumen, the Panamanian airline Copa Airlines (a member of the Star Alliance) now flies non-stop to more than 80 destinations in North and South America. Many European airlines also offer direct flights to Panama. Among them are Lufthansa (from Frankfurt), KLM (from Amsterdam), Air France (from Paris), and Iberia (from Madrid). The flight time is about 11 hours (non-stop). There are also various flight connections from and via the USA. Many travelers combine their stay in Panama with a stopover, for example in Miami.

    In addition to the international airport in Panama City, there is also a domestic airport called Marcos A. Gelabert. The domestic airline Air Panama flies not only from Albrook to San Jose in Costa Rica and Medellin in Colombia but also to various beach and island destinations throughout Panama. Copa Airlines also offers domestic flights and flies twice a day from Tocumen Airport to David (Chiriqui).

    How long can I stay as a tourist in Panama? Do I need a Visa? Germans, Austrians, and Swiss can stay three (3) months as tourists in Panama. US citizens can stay up to six (6) months in Panama as a tourist. Enough time to explore the country extensively and realize your plans. No special visa is required, however, all travelers (including residents and Panamanian citizens) must register and fill out a Health Affidavit online prior to their trip.

    When is the best time to travel? While the northern hemisphere has winter temperatures, the dry season in Panama from December to April is ideal for exploring the country. The high season usually starts in November with the national holiday celebrations and ends in March/April with the Easter vacations (“Semana Santa”).

    The best time of year to visit the Caribbean coast (Bocas del Toro) is in September. A rule of thumb of the locals says that the more it rains on the Pacific coast and the Gulf of Chiriqui, the nicer the weather is on the Atlantic coast of Bocas del Toro. But speaking in general, Panama is a great place to visit all year round. Many hotels and accommodations can be booked in the low season at much lower prices. This is why it might be worthwhile to plan an exploration trip in June or September.

    What is the time difference between Central Europe? Panama is located in the “Eastern Standard Time” (EST) time zone. There is no changeover, to summer or winter time. Therefore, the time difference in Central Europe (Germany, Switzerland, Austria) is -6 hours in winter and -7 hours in summer.

    What do you pay within Panama? The official currency is the Panamanian Balboa. The Balboa is linked to the U.S. dollar at a rate of 1:1. This means that in practice the Balboa is only in circulation in the form of coins. Everybody pays with US dollars. It is usually difficult to pay in cash with 50 or 100-dollar bills, so it is definitely better to pay cashless (credit card) or to bring small dollar bills (maximum 20-dollar bills). The exchange of Euros (especially large bills) outside of Panama City is not very common. There are exchange offices (“casa de Cambio”) directly in the airport, and Credicorp Bank usually exchanges Euros into US dollars outside the capital.

    The best way to withdraw money in Panama is by credit card. VISA is the most common credit card. However, before you leave, you should check the daily or monthly limits of your bank and also take a look at any hidden fees. Many banks in Panama charge additional fees per withdrawal for the use of the ATM (“Sistema clave”). When paying by credit card in Panama, the cardholder’s identification document (passport) is usually required to verify the identity.

    How are the prices in Panama? The prices of goods for everyday use have risen continuously in recent years. Some things are partly as expensive as in Central Europe (baby items, imported food, and beverages, imported goods in general), others are significantly below the European comparison (gas and gasoline, labor, electricity and electrical appliances, public transportation, locally produced food, and beverages, etc.).

    What is the average wage in Panama? The average wage in Panama is US$ 721 per month. The legal minimum wage for a domestic helper (full-time) is US$ 315 per month.

    What is the economy like in Panama? What are the main sources of income? In recent years, Panama has become a powerful regional hub. As an international banking metropolis (US dollars) and logistical hub, Panama offers several ports and of course the famous Panama Canal. Tocumen International Airport has become the hub of the region, and the Colon Free Trade Zone is the biggest free trade zone in the American continent and the second biggest in the world.

    Various tax advantages, investor-friendly legislation, and social, economic, and political stability have led to more and more international companies settling in Panama. Interesting investment opportunities and expansion for potential trade relations are offered by the service sector, as well as the areas of tourism, logistics, agribusiness, renewable energy, mining, information, and communication technology.

    What language is spoken in Panama? Spanish.

    How big is Panama? About the size of Austria, but with only half as many inhabitants (four million).

    What is the climate like in Panama? Sunny, warm, and tropical, all year round. Even in the rainy season. Average temperatures are between 29 and 32 degrees Celsius. In the higher regions, such as the highlands of Chiriqui province (Volcan, Cerro Punta, and Boquete), the climate is more humid, but the temperatures are much lower. In general, the Pacific coast is somewhat cooler than the Caribbean coast (Atlantic Ocean). The year is divided into rainy and dry seasons. The rainy season usually lasts from April to December, but in recent years the dry season has been relatively strong and often lasted until May or June. Expect the heaviest rainfalls from September to October. However, the rainy season does not mean that it rains all day. Usually, there is a short, heavy rain shower in the afternoon, which brings a welcome, refreshing cooling.

    Are there beaches? Can you go on vacation there? Yes, there are fantastic beaches, partly crystal clear water, and untouched nature. Panama is a REAL insider tip.

    How do I get to Panama? Flying to Panama is easy. Most travelers fly to Tocumen International Airport in Panama City (PTY). In recent years, Tocumen has become an important logistic hub for the region, the airport has been expanded and new direct flights are added annually. From Tocumen, the Panamanian airline Copa Airlines (a member of the Star Alliance) now flies non-stop to more than 80 destinations in North and South America. Many European airlines also offer direct flights to Panama. Among them are Lufthansa (from Frankfurt), KLM (from Amsterdam), Air France (from Paris), and Iberia (from Madrid). The flight time is about 11 hours (non-stop). There are also various flight connections from and via the USA. Many travelers combine their stay in Panama with a stopover, for example in Miami.

    In addition to the international airport in Panama City, there is also a domestic airport called Marcos A. Gelabert. The domestic airline Air Panama flies not only from Albrook to San Jose in Costa Rica and Medellin in Colombia but also to various beach and island destinations throughout Panama. Copa Airlines also offers domestic flights and flies twice a day from Tocumen Airport to David (Chiriqui).

    How long can I stay as a tourist in Panama? Do I need a Visa? Germans, Austrians, and Swiss can stay three (3) months as tourists in Panama. US citizens can stay up to six (6) months in Panama as a tourist. Enough time to explore the country extensively and realize your plans. No special visa is required, however, all travelers (including residents and Panamanian citizens) must register and fill out a Health Affidavit online prior to their trip.

    When is the best time to travel? While the northern hemisphere has winter temperatures, the dry season in Panama from December to April is ideal for exploring the country. The high season usually starts in November with the national holiday celebrations and ends in March/April with the Easter vacations (“Semana Santa”).

    The best time of year to visit the Caribbean coast (Bocas del Toro) is in September. A rule of thumb of the locals says that the more it rains on the Pacific coast and the Gulf of Chiriqui, the nicer the weather is on the Atlantic coast of Bocas del Toro. But speaking in general, Panama is a great place to visit all year round. Many hotels and accommodations can be booked in the low season at much lower prices. This is why it might be worthwhile to plan an exploration trip in June or September.

    What is the time difference between Central Europe? Panama is located in the “Eastern Standard Time” (EST) time zone. There is no changeover, to summer or winter time. Therefore, the time difference in Central Europe (Germany, Switzerland, Austria) is -6 hours in winter and -7 hours in summer.

    What do you pay within Panama? The official currency is the Panamanian Balboa. The Balboa is linked to the U.S. dollar at a rate of 1:1. This means that in practice the Balboa is only in circulation in the form of coins. Everybody pays with US dollars. It is usually difficult to pay in cash with 50 or 100-dollar bills, so it is definitely better to pay cashless (credit card) or to bring small dollar bills (maximum 20-dollar bills). The exchange of Euros (especially large bills) outside of Panama City is not very common. There are exchange offices (“casa de Cambio”) directly in the airport, and Credicorp Bank usually exchanges Euros into US dollars outside the capital.

    The best way to withdraw money in Panama is by credit card. VISA is the most common credit card. However, before you leave, you should check the daily or monthly limits of your bank and also take a look at any hidden fees. Many banks in Panama charge additional fees per withdrawal for the use of the ATM (“Sistema clave”). When paying by credit card in Panama, the cardholder’s identification document (passport) is usually required to verify the identity.

    How are the prices in Panama? The prices of goods for everyday use have risen continuously in recent years. Some things are partly as expensive as in Central Europe (baby items, imported food, and beverages, imported goods in general), others are significantly below the European comparison (gas and gasoline, labor, electricity and electrical appliances, public transportation, locally produced food, and beverages, etc.).

    What is the average wage in Panama? The average wage in Panama is US$ 721 per month. The legal minimum wage for a domestic helper (full-time) is US$ 315 per month.

    What is the economy like in Panama? What are the main sources of income? In recent years, Panama has become a powerful regional hub. As an international banking metropolis (US dollars) and logistical hub, Panama offers several ports and of course the famous Panama Canal. Tocumen International Airport has become the hub of the region, and the Colon Free Trade Zone is the biggest free trade zone in the American continent and the second biggest in the world.

    Various tax advantages, investor-friendly legislation, and social, economic, and political stability have led to more and more international companies settling in Panama. Interesting investment opportunities and expansion for potential trade relations are offered by the service sector, as well as the areas of tourism, logistics, agribusiness, renewable energy, mining, information, and communication technology.

    Six Advantages of Panama

     

    Whether you are looking for a destination to move to, want to have a “Plan B” on hand, want to spend your retirement in the sunny south, or are interested in business projects and investments overseas, there are many reasons to choose Panama:

    1. Moving to Panama is easy: Panama makes it easy for ex-pats to obtain a residence permit. Whether for retirees or investors, there is a suitable immigration category for everyone.

    2. Modern Infrastructure: Panama offers a variety of unique places to live in combination with the best infrastructure in the region, fast internet, and a good road network.

    3. Sun-shine climate, beaches, and two Oceans: Sun and pleasant temperatures all year round, two Oceans (Pacific and Atlantic) miles of beaches, and… the best – often all to yourself. Panama is definitely one of the view places in the world, where you can wake up in the Pacific Ocean, have lunch in the mountains and get dinner on the Atlantic coast, all in one day.

    4. US Dollar: Panama is an international banking center that offers attractive interest rates on savings or time deposit accounts, and the ability to invest in U.S. dollars as an alternative and diversify to the Euro.

    5. Affordable investment opportunities: Foreign investors can easily purchase a plot of land or house as an investment property even as a tourist without a residence permit. There are many opportunities to invest in real estate, be it in Panama City as a dynamic and modern metropolis, or in the quiet and remote interior of Panama such as El Valle, Coronado, Pedasi, and Boquete (where by the way one of the most exclusive coffees in the world is produced – the Geisha coffee). Furthermore, Panama is a favorable place for investments in (organic) agriculture, as the soil is particularly fertile and the climate is growth-enhancing. In addition, there are various tax exemptions for (foreign) investors.

    6. Authentic, heartfelt, and warm: Panamanians are considered one of the happiest nations in the world and we can only underline that. Panamanians like to get into conversation with others, be it in the supermarket, at passport control at the airport, or in a café. Just try it, even if you speak little or no Spanish, the person you are talking to will always try to help you and make some small talk.

    This is also true when traveling in Panama, whether you are traveling alone, with or without children; you can be sure that people are always friendly and helpful. When our older daughter was born in Panama, we were often approached by complete strangers on the street or in stores to congratulate us and wish us luck. During one driver’s license check, the police officer called over his other colleagues just to take a look at the cute baby in the back seat. And that actually happened more than once.

    At passport control at the airport in Tocumen, an immigration clerk once stopped our family (and the whole line of people waiting). We had just returned from a trip to Europe, and of course, we were tired and exhausted. While we were in line for passport control, the clerk in charge suddenly yelled “STOP! STOP! Stop, here!” We looked at each other in confusion. What was going on? Then clerk pointed to our daughter in her stroller. “Now look at the little princess! Look at that sweet little girl, everyone…”

    Cost of Living in Panama: How Much Money Do You Need?

    Good management of your personal finances is an important factor before considering moving overseas. Especially in challenging times. How much money does it take to live in Panama? Before answering this question there are several important factors to consider: It depends on the location and your standard of living in Panama. Or as an American client once told me: “Location is everything”. The rural areas with their small towns will be much cheaper than the exclusive areas in Panama City or popular ex-pat towns. Aside from the cost of housing (whether renting or buying), one must take into account one’s personal tastes and preferences. The country is much more developed than most visitors expect. All the services one could wish for are available. If you prefer local food, enjoy participating in free activities like the locals, and do not require private health care or insurance your living costs will be much lower. To obtain permanent residency in Panama under the “Jubilado Pensionado” Visa in Panama the legislator asks for a minimum monthly pension of $1,000 (single person) and $1,250 for a married couple. Depending on your personal preferences or budget, Panama offers several options for every budget:

    Below we have compiled an example of a monthly budget for two people:

    WATER AND GARBAGE COLLECTION

    USD$12.00 – USD$25.00

    Annual payment in January, at the Municipal Authority of the place of residence.

    FOOD

    USD$400.00 – USD$500.00

    Monthly purchase of food and general household items.

    RENTAL OF TWO-BEDROOM APARTMENT OR HOUSE

    USD$900.00 – USD$1,700.00 Monthly lease in Boquete or Panama City (“American standard”).

    USD$180.00 – USD$800.00 Monthly rent in Dolega, Bugaba, David, or Veraguas Province.

    ELECTRICITY

    USD$35.00 – USD$150.00

    This will depend on the frequency of usage of air conditioning as well as other electronic devices or appliances.

    ENTERTAINMENT FOR TWO

    USD$150.00 – USD$400.00

    Cinema or movies including refreshments (twice a month) and restaurants (four times a month)

    HAIRDRESSER AND SPA

    USD$12.00 – USD$60.00

    Haircuts, body waxing, nails (manicure and pedicure).

    GAS

    USD$8.00 – USD$15.00

    For cooking, water heater and dryer.

    GASOLINE OR DIESEL/ MAINTENANCE OWN CAR

    USD$80.00 – USD$250.00

    It will depend a lot on the mileage and the type of car.

    INTERNET

    USD$30.00 – USD$80.00

    Monthly internet service contract, the prices vary according to the contracted speed. Generally, internet providers offer packages that also include cable TV and landline telephone.

    LANDLINE TELEPHONE

    USD$15.00 – USD$30.00

    There are a number of landline telephone service providers (usually offering bundled packages with other services such as the internet).

    MOBILE PHONE

    USD$15.00 and more

    Data, minutes for calls and messages.

    CABLE TELEVISION

    USD$30.00 – USD$80.00

    Cable TV plans with Panamanian and international channels.

    CAR INSURANCE

    USD$60.00 – USD$80.00

    Bodily injuries to other vehicles, damage to third parties (to other people’s property), medical expenses, (fire, lightning, theft, earthquake, collapse, damage by mischief, volcanic eruption, explosion, windstorm, tornado), collision or overturn (damage to the car due to collision with another vehicle or any object or overturn of a vehicle), road assistance, legal assistance, coverage for trips to Costa Rica.

    NATIONAL MEDICAL INSURANCE (Couple 55 years)

    USD$165.00 – USD$280.00

    Hospitalization, catastrophic illness, emergency (accidental, detailed critical illness, detailed non-critical illness), outpatient surgery (hospital, medical fees), maternity.

    INTERNATIONAL MEDICAL INSURANCE (Couple 55 years)

    USD$325.00 – USD$530.00

    Emergencies, Outpatient surgery, Physician consultations, Dialysis, Travel assistance, Executive checkup, hospitalization, cancer treatment, medications prescribed abroad, physical therapies, diagnostic studies, prostheses, and implants during surgery.

    MINIMUM WAGE full-time MAID

    USD$315 and more

    The hiring of a full-time domestic maid requires formal registration with the Social Security of Panama and payment of all benefits established by the law (thirteenth month, vacations, social security, etc.).

    Panama Facts & Figures

    Panama Fast Facts

    Panama Culture and Tradition

    Working in Panama

    Panama Drivers License

    Frequently Asked Questions - FAQ

    Jubilado Visa Requirements

    Friendly Nations Visa Requirements

    Golden Visa Requirements

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