Through Executive Decree No. 722 of October 15th, 2020, which creates the category of permanent resident as a qualified investor, where the applicant can obtain permanent residence by executing an investment of US $ 300,000.00, during the first twenty-four (24) months from the entry into force of the Executive Decree.

After this 24-month period from the entry into force of the Executive Decree, the minimum investment amount will be US $ 500,000.00.

To request the Permanent Residence Permit as a Qualified Investor, the applicant must prove one of the following forms of investment, which must be maintained for a minimum period of five (5) years:

• Real estate investment

• Real estate investment through a promise-of-purchase agreement

• Investment made through a Brokerage House with a license approved by the Superintendency of the Securities Market of Panama

• Investment through a Fixed Term Deposit in the banking sector

For more information about this new category, or any other question about immigration procedures in the Republic of Panama, at Quijano & Associates will be more than glad to assist you. Contact us via email at quijano@quijano.com