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Through Executive Decree No. 16 of August 31, 2026, Panama incorporates the Republic of Ecuador into its list of Friendly Countries, allowing Ecuadorian nationals to apply for the Permanent Resident migratory subcategory.
What does the Decree require to obtain residency?
The National Immigration Service may grant a two-year Provisional Residency to nationals of friendly countries who demonstrate economic or professional activities in Panama. Applicants must submit a police record, passport copy, health certificates, passport-size photos, and documentation supporting one of the following three pathways:
- Employment: an employer’s letterhead job letter, Public Registry certificate, and the employer company’s Operating Notice. The work permit must be processed before MITRADEL (Ministry of Labor and Workforce Development).
- Real estate investment: property registered in the applicant’s name (or through a corporation/foundation of which the applicant is the ultimate beneficial owner) with a minimum value of US$200,000.
- Fixed-term deposit: a bank certification of a lien-free deposit, with a minimum term of three years and a value of no less than US$200,000.
When is Permanent Residency granted?
After completing the two years of Provisional Residency, applicants may apply for Permanent Residency. Those who prefer to skip this phase may apply under Qualified Investor, which grants Permanent Residency within a maximum of 30 days with a real estate investment of US$300,000.
Frequently Asked Questions
What other countries are already part of the Friendly Countries list?
Ecuador joins a list of more than 50 nationalities, including the United States, Canada, Spain, Germany, Brazil, Chile, Costa Rica, Mexico, and Peru.
Can the applicant’s family (parents, spouse and children) obtain residency together with them?
Yes, direct dependents (spouse and minor or dependent children) can be included in the same application as dependents of the Permanent Resident.
How much does the residency process cost under Friendly Countries?
The cost includes government fees, a guarantee deposit, and legal fees; it varies depending on the chosen pathway (employment, real estate, or fixed-term deposit).
What happens if the Ecuadorian applicant already holds another visa or permit in Panama?
They may still apply under Friendly Countries if they meet the requirements, but it is advisable to evaluate which migratory category best suits their particular situation.
What is the difference between Friendly Countries and Qualified Investor?
Friendly Countries requires a two-year Provisional Residency phase; Qualified Investor grants direct Permanent Residency within 30 days with a larger investment (US$300,000).
Ecuador’s inclusion in the Friendly Countries list represents an agile migratory pathway, though not without technical and documentary requirements that must be met precisely to avoid delays or rejections. Securing specialized legal counsel from the outset reduces risk and accelerates the process toward Permanent Residency.
Are you an Ecuadorian citizen looking to assess your eligibility for Permanent Residency in Panama? Contact us at bd@icazalaw.com.
