9 months
Initial Duration
$3,000
Monthly Income
$250
Application Fee
$1,500
Cost of Living/mo
Highlights
US dollar currencyTerritorial taxPanama Canal hub
Requirements
Income Requirement$3,000/month
Health InsuranceRequired
Proof of AccommodationNot Required
Background CheckRequired
Processing Time2-4 weeks
Duration & Renewal
Initial Duration9 months
Maximum Duration1 year
Renewal Options9 months, renewable once
Benefits
Work Permissionremote only
Tax BenefitsTerritorial tax system
Path to ResidencyYes
Path to CitizenshipYes
Family IncludedYes
Things to Consider
- Hot and humid
- Rainy season
- Safety varies by area
Best For
- US timezone workers
- Entrepreneurs
- Latin America base
Lifestyle
Internet Quality4/5
Safety Rating3/5
Climatetropical
TimezoneUTC-5
Ready to Apply?
Visit the official government website for application details.
Official ApplicationLast updated: January 2026