Panama Qualified Investor Residency (E.D. 722)

Legal representation and full processing of the Permanent Residency Permit as a Qualified Investor, under Executive Decree No. 722 of October 15, 2020. This is the fastest route to permanent residency in Panama — approval target of 30 calendar days from filing of a complete file. Open to all nationalities.

Scope of Services

• Legal advisory and investment structure consultation
• Drafting of Power of Attorney and memorial
• Source-of-funds memorandum and AML compliance file
• Document preparation, apostille coordination, and review
• Filing and follow-up before the Servicio Nacional de Migración (SNM) — 30-day expedited track
• Status tracking through approval and cédula issuance

Benefits

• Permanent residency in a single step — no provisional period
• 30-day approval target for a complete and apostilled file
• Open to all nationalities — no country eligibility list
• Client need not travel to Panama to file — process handled via notarized Power of Attorney
• Family inclusion: spouse, minor children, and dependent parents
• Pathway to Panamanian citizenship 5 years after obtaining permanent residency
• Investment may be held personally or through a Panamanian S.A. or private interest foundation

Qualifying Investment Routes (choose one)

• Real estate: US$300,000 minimum (title in applicant's name or via legal entity) — held for 5 years
• Panamanian stock market: US$500,000 minimum in securities at a licensed broker — held for 5 years
• Bank time-deposit: US$750,000 minimum fixed-term deposit at a general-licensed Panamanian bank — held for 5 years

Professional Fees

US$5,000.00 + 7% ITBMS (VAT) — consistent with the minimum professional fees approved by the Colegio Nacional de Abogados de Panamá (Acuerdo No. 609-A, June 4, 2021), reflecting the 30-day expedited timeline and AML/source-of-funds work included.

Government & Notary Costs (paid directly by client)

• Notary fees: ~US$50.00
• National Treasury (special qualified-investor fee): US$5,000.00 (certified check)
• National Migration Service — residency card: US$1,000.00 (certified check)
• Cédula (national ID) issuance — Tribunal Electoral: US$50.00 per applicant
• Total government costs: ~US$6,100.00

Additional out-of-pocket expenses (apostilles, translations, health certificate, passport photos, courier) are invoiced at cost. The investment itself (real estate, securities, or bank deposit) is the client's direct commitment and is not part of BBP Legal Corp's fees. Dependent applications: spouse US$1,250 + ITBMS; each minor child US$1,000 + ITBMS.

Legal Basis

Executive Decree No. 722 of October 15, 2020; Decree-Law No. 3 of February 22, 2008; Executive Decree No. 320 of August 8, 2008; Law 23 of April 27, 2015 (AML/CFT); Law 38 of 2000.

Approval timeline: Approx. 30 days from filing of complete apostilled file.