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 PA flagPanama

Central America & Caribbean

OverviewPanama is a long-established jurisdiction for residency and offshore company structures with a stable USD economy. Bordercase coordinates with licensed Panamanian lawyers and corporate-services partners.
Best for
  • Second residency
  • USD economy
  • Asset planning
  • Holding structures
CurrencyUSD
LanguageSpanish
Time zoneUTC-5
EU memberNo
SchengenNo
Residency

Panama residency routes:

  • Friendly Nations Visa - now requires economic tie (employment, real estate, or investment)
  • Qualified Investor Visa - qualifying investment thresholds
  • Pensionado / Retiree Visa - qualifying pension income
  • Family routes
Company setup

Panamanian corporations (SA) and Private Interest Foundations are widely used. Beneficial ownership reporting, CRS / FATCA compliance, and substance discussions have become material; planning must reflect current standards.

Banking

Panamanian banking has tightened KYC and source-of-funds requirements. Non-resident applications take time; Bordercase coordinates introductions through current banking partners.

Family

Family reunification is supported on most residency routes. International schools (English-language and Spanish) are available in Panama City.

Risks

Risks Bordercase watches for in Panama:

  • Reputational / de-banking risks for poorly structured offshore-only setups
  • Tax residency analysis for clients with other obligations (CRS / FATCA)
  • Processing delays at Migration
  • UBO reporting is now active
Documents

Typical Panama documents:

  • Passport
  • Criminal record certificate (apostilled)
  • Proof of economic tie (employment letter, property deed, or investment evidence)
  • Proof of address
  • Marriage / birth certificates for family

All documents apostilled and translated where required.

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