Panama Golden Visa Program

The Real Estate Espresso Podcast

Panama Golden Visa Program

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Exploring the Panama Golden Visa Program

Welcome to the Real Estate Espresso podcast, your morning shot of what’s new in the world of real estate investing. I’m your host, Victor Menasce, and today we are diving into the Panama Golden Visa Program, one of the interesting locations for investors seeking a second residence.

An Overview of Residency Visas

For individuals seeking a location for a winter residence or looking to stay in foreign countries for longer than 90 or 180 days, a residency visa is often required. Some countries offer an enhanced process for a residency visa, especially if you’re willing to make an investment in the respective country. Among these, Panama offers an interesting qualified investor visa program.

Panama’s Qualified Investor Visa Program

The Panama Golden Visa Program offers you permanent residency if you are ready to invest in the country’s economy. There are several options, such as a minimum investment of $500,000 in the local stock market, $750,000 in a fixed deposit with a Panamanian bank, or $300,000 in Panamanian real estate, which is expected to increase to $500,000 after October 15, 2024. Regardless of the chosen investment pathway, the minimum investment is required to be held for at least five years.

Investment Option	Minimum Investment
Stock market	$500,000
Fixed Term Deposit	$750,000
Real Estate	$300,000 (expected to rise to $500,000 after October 15, 2024)

However, recent changes in the program have extended the availability of investment of a minimum of $300,000 for two more years. Plus, investors can now qualify if they invest in property under construction and pay the full value of the investment directly to the developer. This program proves lucrative for those looking for an alternate market or a new place to call home.

The Appeal of Panama

Panama boasts easy access to North America, with convenient direct flights to both the US and Canada. Its time zone is close to North American time zones, ensuring the ease of work. Panama is attractive from a weather perspective as well, lying outside the threat of hurricanes and tropical storms in the Caribbean. There’s another visa called the Independent Means Visa, which is ideally suited to retirees who can demonstrate regular income.

Buying Real Estate in Panama

While buying real estate in Panama is relatively straightforward, the market isn’t as liquid, and selling property may not be as easy. While there are signs of oversupply, especially in Panama City, for lifestyle-focused individuals, a modest investment may yield significant lifestyle returns on investment.

Conclusion

Regardless of where you choose to invest, it is vital to familiarize yourself with the local laws, consider the climate, culture, safety, and welcomeness of the country. As you ponder these insights on the Panama Golden Visa Program, I hope you have an awesome rest of your day.

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