Panama Digital Nomad Visa | Requirements
Panama Digital Nomad visa came into existence in 2021 after the little break that was gotten from the covid 19 pandemic.
The economy of Panama wants to draw in digital nomads and independent contractors who will spend and invest there.
Panama is a well-known tourist destination in Central America, known for its financial industry, beaches, mountains, colonial and modern architecture, and rising economy.
The Benefit of Getting The Digital Nomad Visa
Getting a Digital nomad visa has some advantages that normal visa owners can’t enjoy, see some of the benefits below.
1. Cheaper Visa Application Fee
Panama offers reasonably low fees as compared to other nations that grant visas for digital nomads. The $250 for the National Immigration Agency and $50 for the Visa Card are included in the visa fees.
2. Tax-Free
Digital nomads who earn money from sources outside of Panama are not subject to taxation under the territorial taxation system in Panama. You are eligible to apply for tax residence after being in Panama for more than six months. You might be able to avoid paying taxes in your own country as a result.
3. Low Cost of Living
You may get by rather well in Panama for less money. Without regard to rent, the anticipated monthly costs for a family of four are $2,399.70, while they are $663.89 for a single individual.
4. Extended stay approved
The Panamanian digital nomad visa is valid for nine months and has a nine-month extension option.
Requirements For Panama Digital Nomad Visa
Here are some of the documents you need to provide for the embassy before you will be given the nomad visa.
- On the date of your arrival, your passport should still be valid for the next three months
- You should have a filled Visa form
- Present the certified copies of your international passport showing your biodata
- Have a well-sized passport Photograph, one of the dimensions of your photo is 2 x 2 inches (51 x 51 mm). It should be a recent picture that was taken in the last three months
- You will be required to show your bank statement to be sure you have enough funding to take care of yourself for the period you will be there
- A clean record of criminality
- Present a copy of your medical insurance
- Show an Affidavits of non-acceptance if any kind of job in Panama
- Show proof of your annual income which should be up to $36,000 and more.
- A cover letter which will show the reason why you’re going to Panama
- Show proof of accommodation for the period you will be in Panama
- Show the receipt of the Visa form purchase
Not giving the correct information in your application will lead to disqualification and your Visa being denied.
How To Apply For Panama Digital Nomad Visa
Here is the step-by-step guide we have provided for you to follow.
- First, going need to put all your documents together to avoid mix up
- Book an appointment with the embassy before time and if the embassy is not in your country, you will do that in your Neighboring country’s embassy.
- You can also get the information online
- Go for the appointment when approved
- Make a payment of your Visa fee which is $250 for the digital immigration agency and a Visa card is $50
- Wait for the embassy to process your document and call you back for your Visa
Frequently Asked Questions
How long before I get the Visa?
The visa processing takes just 15 days or less for them to complete and call you back.
How much does Panama digital nomad Visa cost?
You will be required to pay a total of $300 at the embassy.
Which country Visa is the easiest to get?
The easiest Visa to get is that of South Korea
Can I easily get Nomad Visa in Panama?
Yes if you make sure you follow the rules we have mentioned here.
Conclusion
Here you have it! You won’t complain about not knowing how to get the Panama digital nomad Visa again, all the information you need are all here.
For more information about any country try the Visa of your choice, you can always reach out to us at allworkvisa and we would be glad to help.
You can also leave a comment below if you have any questions.
