Update on the qualified investor program: New additions and key changes

On October 15, 2024, Decree 193 was published, modifying Executive Decree No. 722 of 2020 concerning permanent residency as a Qualified Investor.

Relevant aspects

Investment amount in real estate

The investment amount in real estate is permanently set at $300,000.

Investment options:

To obtain this permit, it is necessary to invest through one of the following modalities:

1. Real estate investment:
   The minimum amount is set at $300,000.

2. Real estate investment through a promise to purchase agreement: The minimum amount is also set at $300,000 and must be carried out through one of the following options:

   • By a deposit in a trust managed by a bank or fiduciary licensed to operate in Panama. This option already existed in the previous decree.

   • Payment to the promoter or seller of 100% of the value of the real estate that has not yet been constructed or has not been segregated or registered in the Public Registry. This is a new option introduced by this Decree. In this case, a compliance bank guarantee must be provided in favor of the investor, issued by the promoter or seller.

3. Investment in securities:
   The minimum amount remains at $500,000.

4. Fixed term deposits:
   The minimum amount remains at $750,000.