Panama

Luxury properties in Panama

Panama is a Central American nation of about four million people and one of the most strategically positioned countries in the hemisphere. The Caribbean coast, anchored by the archipelago of Bocas del Toro, offers jungle-fringed island living, world-class surfing, and some of the most affordable waterfront real estate in the region. Panama uses the U.S. dollar and operates one of the world's most generous residency programs — the Pensionado visa — which can begin the clock on a naturalization timeline. Citizenship is available after five years of permanent residency. Panama's constitution technically requires renouncing prior citizenship upon naturalization, but in practice, because countries like the United States and most of Europe do not recognize the oath as legally binding domestically, many buyers de facto maintain dual citizenship. Buyers should verify this with both a Panamanian immigration attorney and legal counsel in their home country before proceeding.