What are the advantages of applying for a Friendly Countries Visa?

Panama offers a plethora of migratory options for temporal or indefinite residences depending on factors such as the nationality of the applicant, the status of the investment, the reason for residence, as well as other factors, however there is no method as effective as the friendly countries visa for the following reasons;

• The main applicant as well as the dependants will be applying for an indefinite residency permit, meaning it does not need to be renewed yearly.
• It entitles them to receive a personal foreign resident identification card (cedula).
• The investment required is relatively low in comparison to other visas.
• The processing time is relatively short in comparison to other visas.
• The applicant has the choice to perform commercial activities by establishing their own company in Panama and generating their business as a shareholder, investor or employer.
• The applicant has the choice of applying for a work permit, if the applicant is contracted by a company that meets the conditions necessary for the case.