Country Consultancy · With Proper Consulting

Strategy before signatures.
Because the order you do things in costs money.

Residency routes, territorial tax, entity structures and banking — mapped to your actual situation by our trusted country advisor. Book: Brax +507 6776-4203 · Proper (EN) +507 6238-3315.

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Some questions shouldn't be answered by a website.

Which residency route fits your family. How Panama's territorial tax principle applies to your income map — and what your home country will still claim regardless. Whether you need a corporation, a foundation, or neither. And in what order to do any of it.

These depend entirely on your citizenship, your current tax residence, your family structure and your timeline. Anyone who answers them in a blog post is guessing. So we don't — we hand them to Proper Consulting, our trusted country advisor, who works through them with you in a session built around your situation.

⏳ One thing that is time-sensitive. Panama's Qualified Investor Visa currently requires US$300,000 in real estate for immediate permanent residency. Under the decree as written, that threshold is scheduled to revert to US$500,000 on 15 October 2026.

It has been extended before and may be extended again — nobody can promise you either way. But as of today the reversion is on the books, and it is the same residency outcome for $200,000 less capital.

The Residency Menu

Four routes. They are not interchangeable.

RouteRequirementStatus grantedNotes
Qualified Investor
— real estate
US$300,000 until 15 Oct 2026; US$500,000 thereafter if the reversion holdsImmediate permanent residency — no temporary phaseCan be filed from abroad through a Panamanian attorney
Qualified Investor
— securities
US$500,000 via a licensed Panamanian brokerageImmediate permanent residencyRegulated by the securities superintendency
Qualified Investor
— bank deposit
US$750,000 fixed-term deposit, free of liensImmediate permanent residencyThe conservative route
PensionadoLifetime pension of US$1,000/month, +US$250 per dependentPermanent residencyApproval typically around three months
Friendly NationsUS$200,000 in property, a qualifying job offer, or US$200,000 on 3-year deposit2 years provisional, then permanentEligible nationalities only
Economic SolvencyUS$300,000 in property, deposit, or a mix2 years provisional, then permanentNaturalisation path thereafter

The details most sites leave out

Who's covered

  • One qualifying investment covers spouse, children and dependent parents
  • Spouses may co-own a qualifying property, each contributing half the minimum
  • Held personally or through an entity, provided you're the beneficial owner

What you commit to

  • Hold the investment a minimum of five years
  • Visit Panama at least once every two years — no minimum annual stay
  • Annual confirmation that the investment remains in place
  • Selling early without approval and a replacement can cost the residency

Useful flexibilities

  • Value above the qualifying minimum can generally be mortgaged
  • A promise-to-purchase held through a trust is recognised
  • Pensionado shortfall: a US$100,000 property brings the pension requirement down to US$750
  • Five years of permanent residency opens naturalisation eligibility

The caution nobody leads with

  • Residency and tax residency are governed by different rules
  • Holding a Cédula E does not automatically change where you're taxed
  • US citizens are taxed on worldwide income regardless of where they live
  • Your home jurisdiction has its own exit and reporting tests
Holding Structures

Corporation, foundation, or neither.

Two vehicles cover most situations. Both are routine here, neither is exotic, and plenty of buyers need neither.

Corporation (Sociedad Anónima)Private Interest Foundation
Typical useHolding and trading assets; running a rental businessEstate planning and succession
Indicative setup~US$1,500~US$2,000
Formation timeAbout 5 business daysComparable
Travel requiredNoneNone
Capital paid inNot requiredNot required
Key featuresShareholders need not appear in the public deed · assets separate from shareholders · territorial tax treatment · straightforward transfersPrivate regulations · beneficiary designation · assets protected from debts of founder or beneficiary · control retained in life

From question marks to a sequenced plan.

Advisory first, execution second — the order that saves money.

I
Discovery

One message with your situation. We route it to the right desk — sometimes that isn't us.

II
Session

Proper Consulting maps residency, tax and structure against your actual circumstances.

III
Roadmap

A written sequence: what to do first, second, third — and what can safely wait.

IV
Execution

Filings, entities, banking and property coordinated as one workstream, not four.

V
Review

Annual investment confirmation and compliance calendar, handled.

What a session actually produces

Deliverables

  • The residency route that fits you, with real cost and timeline
  • Territorial tax applied to your specific income sources
  • An honest read on what your home jurisdiction will still claim
  • Entity recommendation — or a clear reason you don't need one
  • Banking pathway with documentation mapped
  • A written sequence of steps, in order

How to book

Sessions are provided by Proper Consulting. Message either number and say you were sent by Brax:

  • Brax Realty: +507 6776-4203
  • Proper Consulting (English): +507 6238-3315

WhatsApp Proper (EN) →

Where a client proceeds to purchase with Brax, the consulting fee is credited against the transaction.

If a session concludes that Panama isn't right for you, that was a successful session. We'd rather lose a transaction than place someone in the wrong country.

Questions we get constantly

Does Panamanian residency make me a Panamanian tax resident?

Not automatically. Residency status and tax residency are determined under separate rules, and your home country applies its own tests. This is the single most common misunderstanding we correct.

I'm a US citizen. Does the territorial system help me?

Not in the way most people hope. The United States taxes citizens on worldwide income regardless of residence. Panama doesn't change that, and any advisor who implies otherwise should be avoided. There may still be good reasons to be here — they're just different reasons.

Do I have to live in Panama?

No. There's no minimum annual stay under the investor route. You're expected to visit at least once every two years to keep the status alive.

Can I sell the property later?

After five years, freely. Before that, selling or encumbering the qualifying investment without prior approval and a replacement investment can result in cancellation of the residency.

Will the October 2026 deadline be extended again?

We don't know. It has been extended before. What we can tell you is what the decree currently says and what the difference costs — $200,000 of additional capital for the same outcome. Decide on the published rule, not on a broker's prediction.

What does this cost?

Government fees, attorney fees and repatriation deposits apply on top of the investment and vary by route and family size. Your attorney gives you the current schedule at the session — we don't publish figures that move.

Request a consulting session

A person replies — no automated sequences. If it makes sense, we set up a discovery call.

✓ Received. Have questions? Message us and we'll set up a discovery call.