🇵🇦 Panama Residency for Entrepreneurs
Your Business Earns Globally. Why Are You Taxed Locally?
Panama's territorial system only taxes local income. Your online revenue stays yours. Panama residency is achievable in weeks, not years. Here's how to set it up right.
Panama Residency Requirements: What You Need to Know
Panama's Friendly Nations Visa is available to citizens of 50+ countries including Canada, the USA, the UK, and Australia. Requirements include a clean criminal record, proof of economic ties to Panama, and a valid passport. There are multiple pathways to Panama residency — whether you're an American looking for Panama residency, a Canadian exploring how to get Panama residency, or relocating from anywhere else, our team will assess your situation and guide you through the right route. We've handled this process hundreds of times and manage everything end-to-end: legal filing, banking, corporate setup, and on-the-ground logistics.
What You Walk Away With
Personalized residency roadmap based on your citizenship and situation
Banking setup strategy — which banks, what documents, how long
Corporate structure recommendation (Panama corp, offshore hybrid, or both)
Timeline and cost estimate tailored to your specific case
Guidance on structuring your exit from your current jurisdiction
End-to-end support from our team on the ground in Panama City
“I was paying 53% combined tax in Ontario. Four months later I had Panama residency, a local bank account, and a corporate structure that cut my effective rate to near zero on foreign income.”eCommerce founder, previously based in Toronto
“The Friendly Nations visa was approved in under 6 weeks. The hardest part was choosing a neighbourhood in Panama City. The tax and banking setup was handled for me.”SaaS founder, relocated from Vancouver
See If You Qualify
Takes 3 minutes. No payment, no commitment.
Common Questions
Yes. Panama operates a territorial tax system — only income earned within Panama is taxed. Foreign-sourced income (your online business, consulting, investments abroad) is not subject to Panamanian income tax. This is established law, not a loophole.
US citizens are taxed on worldwide income regardless of where they live. Panama residency still provides benefits: asset protection, banking diversification, a base outside the US, and potential foreign earned income exclusion. We'll provide personalized guidance on what's possible and what's not for your specific situation.
Panama's Friendly Nations visa is a fast-track permanent residency program for citizens of 50+ countries (including Canada, US, UK, Australia, most of the EU). There are three pathways to achieving it, and depending on your situation, we can advise on the best route to take.
How much you'll pay in legal fees and government fees depends on which route you take. Every situation is different. Apply and we can advise on the best path and give you an exact quote within 24 hours.
No. Panama has no minimum stay requirement for maintaining residency. Many of our clients use Panama as a legal base while living across multiple countries. You do need to visit every 2 years to keep the residency active.