Many visas also require that outsiders purchase real estate property or rent property before their visas will be issued. To sum that all up, that means non-natives wishing to reside in Panama must agree to put a sizable amount of money into Panama banks, purchase real estate in Panama, hire lawyers from Panama, and obtain paperwork signed by the Panamanian consulate authority nearest them.
It is worthwhile to note that if one goes through the incredibly arduous and confusing task and obtaining a Visa, they will be completely set up to succeed in Panama and receive the same government discount programs. Basically what Panamanian government requires is a thorough backround check to make sure you are not dealing drugs or attempting to peddle drugs in their country, and that you will not be a drain on the economy once you arrive in Panama. If you make it through all the steps you will have already created a life for yourself in Panama before you even set foot in the country. Although it seems bit overkill in comparison with other countries Visa processes, it makes perfect logical sense in order for Panama to continue to be a clean respectable city. The Panamanian government is not going to allow any threat to their country to be allowed in to ruin the fine country they have painstakingly built.
As it is would be very confusing to explain all the different types of Visas that are available for non-natives seeking entry into Panama, there are a few parts of some of the visas worth highlighting.
If you are seriously considering entering Panama in hopes to gain temporary or permanent residence, it would be best to consult with a Panamanian lawyer to establish which one of the visas and its requirements you would be expected to meet.
Since large populations of non-Natives who settle in Panama are retirees, there are many different Visas available to senior citizens that appear to be based solely on how they receive their funds. For example, there are different visas for people who receive monthly pensions and people who have received a large sump retirement fund. These distinctions are made because the requirement of bank deposit required changes accordingly. There are also a large amount of investor visas available for potential investors to live in Panama since investors help fuel the economy of where they stay. These visas vary by how long the visa holder is required to reside and hold Panamanian property. Children and spouses are treated as dependents and do not legally need a visa in most cases.

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