Our website uses cookies to enhance and personalize your experience and to display advertisements (if any). Our website may also include third party cookies such as Google Adsense, Google Analytics, Youtube. By using the website, you consent to the use of cookies. We have updated our Privacy Policy. Please click the button to view our Privacy Policy.

Residency requirements for United Kingdom citizens in Panama

Residency requirements for United Kingdom citizens in Panama

Panama’s multifaceted allure attracts individuals from United Kingdom. The breathtaking natural scenery, vibrant cultural experiences, and high standard of living are merely a few of the features that captivate audiences worldwide.

Panama provides a range of permits tailored to your motivations for relocating. Although acquiring residency is relatively straightforward, selecting the right permit is crucial. Consulting knowledgeable legal professionals is advisable to guarantee that you fulfill all necessary criteria appropriately.

Categories of Permits Available in Panama

Within the different categories of residency permits offered in Panama, you will discover:

  • Investor permit: designed for those who possess real estate in Panama, this permit enables you to gain residency for employment, property investment, or by maintaining a Fixed-Term Deposit in the country.
  • Friendly nations permit: nationals from select countries can more easily attain residency in Panama through this option.
  • Retiree permit: Panama is a popular retirement destination for many. This permit is available for individuals receiving a monthly pension or income of $1,000 or greater.
  • Professional permit: This permit is tailored for foreigners seeking employment in Panama, addressing the shortage of skilled professionals. Make sure your occupation is not limited or reserved for Panamanians before submitting your application.
  • Family reunification permit: available for foreigners who are married to a Panamanian or have Panamanian children or dependents, this permit requires you to demonstrate you possess adequate financial means to support them.
  • Multinational company headquarters permit: granted to executives working at a certified Multinational Company Headquarters, this permit offers tax advantages to its holders.
  • Student permit: this permit enables individuals to pursue their education in Panama. Holders can enroll in both public and private institutions recognized by the Ministry of Education.
  • Technical 15% permit: designed for professionals or technicians wishing to work for a company in Panama, this permit requires that the company has a role available within the 15% foreign employee quota. The minimum monthly salary must be at least B/.850.
  • Foreign 10% permit: intended for firms with a position available for a foreign worker within the 10% quota. The compensation for this role must also be a minimum of $850 per month.

Legal Solutions Panama: Consult with Attorneys for Your Residency Permit Acquisition

Each of these permits has different requirements that applicants must meet. Since Panamanian legislation can change, it’s crucial to consult experienced attorneys who specialize in immigration to ensure you meet all the current criteria. This professional guidance can help you navigate the complexities and secure the appropriate permit.

In this context, Legal Solutions Panama is a law firm with top specialists to help you obtain your residency permit if you’re from United Kingdom. Their extensive experience assisting foreigners highlights the quality of their service. You can visit their site to schedule a consultation with one of their professionals and address any questions. It’s time to go to Panama.

By Janeth Sulivan

You may also like