Demonstrate economic solvency through a fixed-term deposit of $300,000 USD in an authorized Panamanian bank.
The Fixed-Term Deposit Option under Panama's Economic Solvency Visa allows applicants to obtain residency in Panama through a qualifying bank deposit held at a licensed Panamanian financial institution.
This immigration route is especially attractive for individuals seeking:
A conservative investment structure
Exposure to Panama's international banking system
Passive income opportunities
Lower operational management compared to real estate
Applicants may qualify through a fixed-term deposit of at least USD 300,000 held for a minimum period of three years, in accordance with Panamanian immigration regulations.
The qualifying fixed-term deposit must:
Come from funds transferred from abroad
Be deposited in the applicant's personal name or in the name of a Panamanian corporation 100% owned by the principal applicant
Remain pledged during the required holding period
Be held at a licensed Panamanian bank
This option is commonly selected by applicants seeking a simplified residency structure without the responsibilities associated with real estate administration or maintenance.
In addition to supporting residency eligibility, the deposited funds may generate passive income through bank interest.
Interest rates generally range between approximately 4% and 6% per year, depending on:
Market conditions
The term and structure of the deposit
Negotiation with the financial institution
The applicant's banking profile and relationship
For many international investors and retirees, this option offers a combination of:
Capital preservation
Banking diversification
Generation of predictable income
Long-term residency planning
Panama offers a favorable tax environment for international banking clients and investors.
Under Panamanian tax regulations, interest generated by savings accounts and fixed-term deposits held at licensed Panamanian banks is generally exempt from income tax in Panama.
Combined with Panama's territorial tax system, this framework makes the country an attractive destination for:
Wealth preservation
International banking
Passive income strategies
Financial diversification
Panama generally does not tax worldwide income, which makes it particularly attractive for internationally mobile individuals and families.
The qualifying fixed-term deposit must generally remain active for a minimum period of three years.
Updated bank certifications and evidence of the investment are normally required only when applying for the conversion from provisional residency to permanent residency.
Panama has established itself as one of Latin America's leading international banking centers due to its:
U.S. dollar-based economy
International banking infrastructure
Financial privacy standards
Political and economic stability
Territorial tax system
Strong connectivity with global markets
For many applicants, the Fixed-Term Deposit Option offers a strategic combination of:
Residency benefits
Conservative capital allocation
Banking access
Passive income potential
International diversification within a stable financial jurisdiction.
Consider the other available options within the same program
Common questions answered before your consultation.
Yes. The Economic Solvency Visa allows applicants to demonstrate financial solvency through a qualifying fixed-term deposit at a Panamanian bank. This route is used by investors who prefer a financial asset rather than real estate while seeking residency in Panama.
Related topic: Legal Assistance for Bank Accounts in Panama.
The required investment is generally USD 300,000 through a fixed-term bank deposit, with additional amounts required for dependents. The deposit must comply with Panamanian immigration and banking requirements, including account documentation, term, and source of funds.
A fixed-term deposit may generate interest depending on the bank, the term, market conditions, and the account profile. This makes the route attractive for clients seeking capital preservation, passive income potential, and a residency strategy aligned with the Panamanian banking sector.
Panamanian banks normally require know-your-customer documentation, identification, professional or business background, tax information, evidence of source of funds, and, in some cases, source-of-wealth documentation. Preparing a solid compliance file in advance can reduce banking delays.
Related topic: Legal Assistance for Bank Accounts in Panama.
Yes. The Economic Solvency Visa generally begins with provisional residency and may lead to permanent residency after the applicant meets the legal requirements and maintains the qualifying deposit. Ongoing legal follow-up helps ensure the deposit remains in compliance throughout the residency process.
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