How to obtain a Panama passport and citizenship
Obtaining a Panama passport and citizenship is very simple …
- Step 1: Obtain permanent residence through one of the options described above.
- Step 2: Remain a resident for five years (you do not need remain in Panama the entire time).
- After five years as a resident, you can apply for citizenship by naturalization and receive your Panamanian passport.
Starting in 2018, a Panamanian passport allows visa-free travel to 129 different countries, including Europe, much of Asia, and Latin America.
There is no compulsory military service or non-domicile taxes in the American style.
Once you obtain a Panamanian passport, your children, grandchildren, and all future descendants will also be entitled to Panamanian nationality.
Territorial Tax System of Panama
Panamanian residents and taxpaying companies pay taxes only on income generated in Panama. Panama does not tax the worldwide income of its taxpaying residents.