Step 1: Step 1 – Eligibility Assessment
Contact XIPHIAS for a preliminary assessment and route selection based on your profile and goals.
Guided
- From
- $500,000
- Typical timeline
- 2 months
- Family
- spouse, children to 25, parents
- Route
- Residency by Investment / Real Estate
Is this for you?
- Be at least 18 years old and legally admissible.
- Clean police clearance certificate (apostilled/authenticated as required).
- Qualifying real estate investment of at least USD 500,000.
- Maintain the qualifying investment as the Qualified Investor rules require; XIPHIAS confirms the holding conditions for your file.
- Valid passport (minimum 6 months validity recommended).
Not for you if
- Failure to prove the lawful source of investment funds.
- Criminal record or inadmissibility issues.
- Non-qualifying or non-compliant real estate investment structure.
Not a match? Other routes in Panama
At a glance
Quick facts
Minimum investment $500,000; Typical timeline 2 months; 4 highlights
- Minimum investment
- $500,000
- Currency: USD
- Typical timeline
- From application start
Highlights
- Panama
- Panama Real Estate Residency
- Panama Residency by Investment
- Panama Qualified Investor Visa
Program
Program specifics
- Route type
- Residency By Investment / Real Estate
- Eligible residency pathway
- Last updated
- Subject to regulatory change
Information is indicative and may change; confirm current terms with an advisor.
Program overview
Advising Indian families on residency abroad since 2009, from our Koramangala office in Bangalore.
The Real Estate Threshold Is Usd 500000
Panama's Qualified Investor Visa is widely advertised at USD 300,000. That was a transitional rate, and it has either already expired or is about to:
| Route | Current minimum |
|---|---|
| Real estate | USD 500,000 |
| Securities (five-year hold) | USD 500,000 |
| Fixed deposit (five-year term) | USD 750,000 |
The transitional USD 300,000 sits in an amended article whose wording is genuinely ambiguous about which decree starts the clock. On one reading it lapsed in October 2024; on the other it lapses on 13 October 2026. Both readings point the same way for anyone planning today: budget USD 500,000.
Friendly Nations Has Changed Too
It no longer grants permanent residence immediately. It now gives two years provisional residence first. Eligibility is limited to the nationalities listed in Executive Decree 226 of 2021, so XIPHIAS confirms whether India is on the current list with Migración before advising on this route.
Your Indian Passport Is Safe On A Residency
Section 9(1) of India's Citizenship Act 1955 ends Indian citizenship only on the voluntary acquisition of another country's citizenship. Holding a residence permit, permanent residence or a long-term visa does none of that.
So every route on this page is safe to hold. What differs between countries is the endpoint — and we will tell you plainly where a route can never become a citizenship, where it can, and what taking that step would cost you.
Talk To An Immigration Consultant In Bangalore
XIPHIAS Immigration has guided Indian families abroad since 2009, from our office in Koramangala, Bangalore. We were named Best Immigration Consultant by The Times of India in 2022. Our immigration consultants in Bangalore will take you through the legal requirements, costs and timeline for Panama.
Sources
Verified against government sources on 30 September 2026.
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Eligibility
- Be at least 18 years old and legally admissible.
- Clean police clearance certificate (apostilled/authenticated as required).
- Qualifying real estate investment of at least USD 500,000.
- Maintain the qualifying investment as the Qualified Investor rules require; XIPHIAS confirms the holding conditions for your file.
- Valid passport (minimum 6 months validity recommended).
- Health certificate from an authorized doctor.
- Proof of lawful source of funds and completed application forms.
Key benefits
- Permanent residency through a qualifying real estate investment of USD 500,000.
- Low stay requirements: as a practical rule, plan to visit Panama at least once every two years to keep permanent residence active.
- Family inclusion: spouse, dependent children, and dependent parents (subject to dependency rules).
- Foreign-sourced income is generally not taxed under Panama’s territorial tax system.
- Opportunity to rent out the investment property.
- Eligible to apply for Panamanian nationality after five consecutive years of residence; naturalisation requires renouncing your existing nationality.
Who this program is NOT for
- Failure to prove the lawful source of investment funds.
- Criminal record or inadmissibility issues.
- Non-qualifying or non-compliant real estate investment structure.
Not a match? Explore other programs in Panama.
Costs & proof of funds
Program fees & proof of funds
Fees listed: 1 line items. Estimated totals: $500,000 (USD). Proof of funds items: 1.
Estimated program totals
USD: $500,000
Required proof of funds
USD: $500,000
Detailed fee table
| Item | Price | When | Notes |
|---|---|---|---|
| Minimum Real Estate Investment | $500,000 | Before submission | Invest at least USD 500,000 in titled real estate under Panama’s Qualified Investor permanent residency route. |
Swipe horizontally to see all columns.
We’ll share a personalized cost sheet after your pre-screen.
Estimates only — final costs may vary by case & government updates.
Proof of funds
- Proof of Investment Funds$500,000
Provide bank statements and supporting documents demonstrating legal source of funds for the real estate investment.
Required (USD): $500,000
Figures are indicative and may change with family size, project selection and program updates.
Cost estimator
Calculator
Cost estimator
Indicative estimate. Excludes exchange/transfer charges and third-party legal costs. Official fees may change without notice.
Choose a base option
Family size
Adults (incl. principal)
Children (<18)
Summary
Minimum Real Estate Investment
fixed • Qty 1
$500,000
$500,000
Estimated total
$500,000
Application process
Process
How it works
Step 2: Step 2 – Complete the Investment & Documentation
XIPHIAS supports you in completing the qualifying real estate investment and assembling required documents.
GuidedStep 3: Step 3 – File the Application
Authorized local representatives submit the permanent residency application to the Panamanian authorities.
GuidedStep 4: Step 4 – Background & Funds Verification
Authorities verify background, source of funds, and investment compliance.
GuidedStep 5: Step 5 – Approval & Permanent Residency Card
Upon approval, you receive permanent resident status and a permanent residency card in Panama.
Guided
Disclosure
Risk & compliance
Please read carefully. These notes are informational and do not constitute legal or financial advice.
Risk notes
3 items- The real estate threshold is USD 500,000. The USD 300,000 transitional rate under Executive Decree 722 of 2020, as amended by Executive Decree 109 of 2022, either lapsed in October 2024 or lapses on 13 October 2026, depending on how the transitional article is read. Either reading gives the same practical answer: budget USD 500,000.
- Panama does not permit dual citizenship. Migración’s own naturalisation form requires an express and irrevocable renunciation of the previous nationality, and Article 13 of the Constitution treats acquiring another nationality as tacit renunciation.
- Panama’s Friendly Nations Visa is limited to the nationalities listed in Executive Decree 226 of 2021. XIPHIAS confirms your nationality against the current list with Migración before advising that the route is open to you.
Compliance
4 items- Qualified Investor Visa: real estate USD 500,000; securities USD 500,000 held five years; or a fixed deposit of USD 750,000 on a five-year term. Grants permanent residence.
- Friendly Nations Visa now grants two years provisional residence and then permanent residence — the former immediate-permanent route no longer exists. Real estate USD 200,000, or a fixed deposit of USD 200,000 for three years, or an employment letter.
- Naturalisation after five years under Article 10 of the Constitution, or three years with a Panamanian spouse or children.
- Government fees are payable to the Servicio Nacional de Migración and the National Treasury; XIPHIAS confirms the current schedule for your file.
Checklist
Document checklist
12 total items
Documents vary by profile and family composition; we'll tailor your final list.
Identity & Civil4 items
Identity & Civil
4 items- Valid passport (all applicants)
- Passport-size photos
- Marriage certificate (if applicable)
- Birth certificates for children
Documents may require apostille/authentication and certified translation.
Police & Health2 items
Police & Health
2 items- Police clearance certificate (apostilled/authenticated)
- Certificate of good health (issued recently)
Requirements depend on where you apply and your country of residence.
Investment & Funds3 items
Investment & Funds
3 items- Proof of real estate investment (purchase contract/title/registration as applicable)
- Bank statements and proof of lawful source of funds
- Proof of payment of government fees
Must demonstrate the investment funds’ legitimate source.
Dependents (if applicable)3 items
Dependents (if applicable)
3 items- Relationship proof (marriage/birth certificates)
- Proof of dependency for adult children (student status/financial dependency)
- Dependency proof for parents
Dependency requirements may vary for adult children and parents.
Snapshot
Eligible dependents
3 of 4 categories included
3 of 4 categories eligible. Children up to 25. Dependent parents included. Spouse included. Siblings not included.
IncludedNot included
- Spouse
- IncludedYes
- Children
- Up to 25 years25Yes
- Parents
- Dependent parentsYes
- Siblings
- Not includedNo
Frequently asked questions
A residency-by-investment route that grants permanent residency after investing at least USD 500,000 in qualifying real estate.
Typically spouse, dependent children, and dependent parents (subject to dependency rules and documentation).
Processing commonly takes around 60–90 days, and a trip to Panama may be required for photo and fingerprinting.
Panama sets low stay requirements. As a practical rule, plan to visit Panama at least once every two years to keep permanent residence active; XIPHIAS confirms the conditions for your permit.
After five consecutive years of residence (three with a Panamanian spouse or children) you may apply for Panamanian nationality. Naturalisation requires an express and irrevocable renunciation of your existing nationality, which for an Indian citizen means giving up Indian citizenship.
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