Italy and Panama have a unique treaty since 1966 called The Mutual Friendship, Commerce and Navigation Treaty which allows instant Panamanian permanent residency for Italian citizens. This treaty also allows Italians the freedom to conduct business in Panama without the need to apply for a work permit or having to apply for an investor’s type of immigration visa. This is an indefinite permanent visa leading to Panamanian citizenship after five years.
Dependants and spouse can be included.
The process for obtaining Panama permanent residency under this treaty requires the Italian citizen to provide his or her Italian passport (with a minimum of three months before expiring) along with a second identity card such as a driver’s license or Italian tax card issued in Italy. Submit a non criminal record certification where the applicant resides showing no criminal convictions. A health certificate provided by a licensed doctor dated within three months of submitting the application. The applicant must also prove economic solvency in order to support himself and his family. The economic solvency usually comes in the form of depositing $5,000 in a Panama bank. This $5,000 can be removed after the PR is issued.
Since this is a treaty promoting commerce between both countries the Italian needs to show Panama immigration that the intent is to move to Panama to start a business. Creating a Panama corporation for this purpose will help convince Panama immigration of this intention.
What is Included?
- Company formation expenses
- Government fees
- Lawyer fees
- Order your Panama Italy Treaty visa here.
- The faster you make the purchase, the faster you get your visa. The price and requirements go up all the time, so the sooner the better.
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