# Friendly Nations Visa

> The Friendly Nations Visa grants permanent residency to citizens of 50 friendly countries. Requirements: economic tie (employment, company, or bank deposit), no mandatory minimum investment.

[Canonical page](https://investpanama.biz/en/guides/friendly-nations-visa)

The Friendly Nations Visa is Panama's most popular residency program, with over 3,200 approvals in 2024 (a 52% increase from the previous year). Citizens from 50 countries can obtain permanent residency by demonstrating an economic tie to Panama.

## Steps

1. **Verify Eligibility** — Confirm your country is on the list of 50 friendly nations (includes USA, Canada, UK, Spain, Germany, etc.)
2. **Establish Economic Tie** — Option A: Employment with Panamanian company. Option B: Create company in Panama. Option C: Bank deposit of $5,000+ in local bank.
3. **Gather Documents** — Valid passport, apostilled criminal background check, health certificate, photos, employment letter or company documents.
4. **Hire Lawyer** — A Panamanian immigration lawyer files the application with the National Migration Service.
5. **Receive Residency** — Typical process 3-6 months. Permanent (not temporary) residency granted. Includes work permit.

## Resources

- [Live and Invest Overseas - Panama Visa](https://www.liveandinvestoverseas.com/country-hub/panama/panama-visa-and-residency-information/)

_This information is for guidance only. Consult an immigration lawyer for your specific case. Requirements may change._