“A law was passed in 2012 (Executive Order 343) to encourage certain foreign citizens to come to Panama.  This program is often referred to as the ‘Specific Countries’ or ‘Friendly Countries’ program.  Eligible countries include the USA, Canada, and many European countries. It requires one simple application and a deposit of at least $5,000 USD in a local bank account, plus an additional sum of $2,000 USD for each dependent.  Applicants will also have to show proof of some meaningful economic activity in Panama.  Incorporating a new LLC in Panama in order to qualify is not particularly difficult or expensive.  You become eligible to obtain full citizenship and a Panamanian passport after five years.”

https://www.internationalman.com/78-global-perspectives/1053-the-easiest-country-to-obtain-residency-panama

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