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XIPHIAS Immigration
Panama Residency by Investment via Bank Deposit
At a glance

Quick facts

Minimum investment $750,000; Typical timeline 3 months; 4 highlights

Minimum investment
$750,000
Currency: USD
Typical timeline
From application start
Highlights
  • Panama
  • Panama Bank Deposit Residency
  • Panama Residency by Investment
  • Panama Qualified Investor Visa
~10 sec

Quick eligibility check

Answer 6 short questions. No data is sent to our servers.

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1Question 1 of 6 — Are you at least 18 years old?
2Question 2 of 6 — Do you have a clean criminal record and can you obtain an apostilled police clearance?
3Question 3 of 6 — Can you place at least USD 750,000 in a 5-year fixed-term deposit with a Panamanian general-license bank?
4Question 4 of 6 — Can you provide proof of a legitimate source of funds and that the funds came from abroad?
5Question 5 of 6 — Can your bank issue the required deposit certificates (notarized copy + bank certificate confirming lien-free status and foreign origin of funds)?
6Question 6 of 6 — Can you travel to Panama for registration/biometrics and to collect your residence documents if required?

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Program overview

The Panama Bank Deposit residency route is part of Panama’s Qualified Investor Permanent Residency framework. It grants permanent residency to foreign investors who place a qualifying fixed-term deposit with a Panamanian bank holding a general license, supported by specific bank certifications and proof that the investment funds came from abroad.

This route is best suited for applicants who prefer a capital-stability focused investment structure versus market-linked investments.

Investment overview

To qualify through the Bank Deposit route, you must:

  • Open a fixed-term deposit (CD) of at least USD 750,000 with a general-license Panamanian bank.
  • Ensure the deposit is lien-free and properly documented by the bank.
  • Maintain the deposit for a minimum of 5 years.

Costs & proof of funds

Costs & funds

Program fees & proof of funds

Fees listed: 3 line items. Estimated totals: $750,061 (USD). Proof of funds items: 1.

Estimated program totals
USD: $750,061
Required proof of funds
USD: $750,000

Detailed fee table

Program fee breakdown with price, timing and notes.
ItemPriceWhenNotes
Minimum Fixed-Term Deposit$750,000Before submission

Open a fixed-term deposit of at least USD 750,000 (B/.750,000) with a Panamanian bank holding a general license. The deposit must be free of liens and funded from abroad.

Investment Holding Period$60After approval

Maintain the qualifying fixed-term deposit for a minimum of 5 years (60 months) to avoid cancellation of permanent residency.

Minimum Presence (to keep PR active)$1Every 2 years

As a practical maintenance rule for Panamanian permanent residents, plan to enter Panama at least once every 2 years to keep status active (subject to SNM rules).

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Proof of funds

  • Proof of Lawful Source of Funds & Foreign Origin$750,000

    Banking/legal/financial documentation showing the deposit funds originate legally and were transferred from abroad.

Required (USD): $750,000

Figures are indicative and may change with family size, project selection and program updates.

Eligibility

  • Be at least 18 years old and legally admissible.
  • Clean police clearance certificate (apostilled/authenticated as required).
  • Open a fixed-term deposit of at least USD 750,000 (B/.750,000) in a Panamanian bank with a general license.
  • Deposit term must be at least 5 years and free of liens/encumbrances.
  • Provide notarized copy of the fixed-term deposit certificate and a bank certificate confirming deposit details and that funds came from abroad.
  • Valid passport (minimum 6 months validity recommended).
  • Health certificate from an authorized doctor (issued recently).
  • Proof of lawful source of funds and evidence the funds came from abroad.
  • Pay required government fees and provide proofs of payment.

Key benefits

  • Immediate permanent residency upon approval (Qualified Investor framework).
  • Option to apply for an E-Cédula (Panamanian resident ID) after approval, subject to local procedures.
  • Eligible dependents can be included (spouse, dependent children, and dependent parents, subject to documentation).
  • Eligible to apply for Panamanian citizenship after 5 years of residency, subject to legal requirements.
  • Low-volatility investment structure relative to market-linked options (subject to bank and interest-rate risk).
  • Interest on time deposits in Panama is commonly treated as exempt income under Panama tax rules (confirm with your tax advisor).

Application process

Process

How it works

  1. Step 1: Step 1 - Eligibility Assessment

    For a preliminary eligibility assessment and guidance, the candidate gets in touch with XIPHIAS.

    GuidedAvg. 2–4 weeks

  2. Step 2: Step 2 - Bank Deposit Setup & Documentation

    XIPHIAS supports the candidate in coordinating the fixed-term deposit setup, KYC, and assembling route-specific bank certificates and supporting documentation.

    GuidedAvg. 2–4 weeks

  3. Step 3: Step 3 - File the Application

    Authorized local representatives work with XIPHIAS to submit the Qualified Investor permanent residency application to the Panamanian authorities.

    GuidedAvg. 2–4 weeks

  4. Step 4: Step 4 - Background & Funds Verification

    Panamanian officials verify admissibility, source of funds, and the qualifying bank deposit documentation.

    GuidedAvg. 2–4 weeks

  5. Step 5: Step 5 - Approval & Permanent Residency Card

    Upon approval, the applicant receives permanent resident status and completes local procedures for residency documentation and ID processes.

    GuidedAvg. 2–4 weeks

Who this program is NOT for

  • Criminal record or inadmissibility issues.
  • Failure to prove the lawful source and foreign origin of funds.
  • Deposit not meeting program conditions (amount/term/bank license/lien-free status).
  • Early termination of the deposit or failure to maintain the qualifying investment for the required period.

Not a match? Explore other programs in Panama.

Frequently asked questions

It is a permanent residency program in Panama created under Executive Decree 722 (and related amendments), allowing permanent residency through qualifying investments such as real estate, securities, or a fixed-term bank deposit.

Open a fixed-term deposit of at least USD 750,000 (B/.750,000) in a Panamanian general-license bank for a minimum term of 5 years, and submit the required bank certificates and immigration documents.

Once a complete application is filed, the program is designed for fast processing (often targeted within ~30 working days), but real-world timing can vary based on document readiness and appointments.

Yes. Typically spouse, children under 18, unmarried dependent students aged 18–25, and dependent parents may be eligible (documentation required).

Interest on time deposits with banks established in Panama is commonly treated as exempt income under Panama tax rules, but individual circumstances vary—confirm with a qualified tax advisor.
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