But if you don’t have a pension, you might now be able to gain permanent residency through the fairly new “Friends of Panama” visa. You just need to have a local bank account there with at least $5,000 and either buy real estate, open a business, or get a job in Panama.
Among the many destinations in the world with great places to visit, the Panama Canal, one of the most important civil works of Panama, has become a very popular tourist attraction, visited by thousands of tourists.
Other reasons for Panama’s popularity among foreigners: “The weather is great, the value for the dollar is exceptional, the economy is robust, and the government is stable,” says Dan Prescher. “If there’s something you can’t get in Panama City, you probably don’t need it. And the rest of the country is just unconscionably gorgeous — it’s a tropical paradise with beaches, jungles, and mountains.”
This makes Panama one of the most visited countries, attracting tourists from all over the world.