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How can I legally enter Panama?
Student visa
This visa is aimed at foreigners who wish to study for a defined period of time at an educational institution in that country. It should be noted that if you wish to study in Panama, you will not be able to perform any paid activity, that is, you will not be able to work unless it is a professional internship required by the educational center.

Requirements to apply for a student visa:
Letter of admission from the educational institution.
Receipt of payment for registration.
Certification issued by the Educational Center
Proof of Financial Solvency
Investor visa
Aimed at foreigners who want to invest a minimum of 300 thousand dollars, either by purchasing a property that does not have a mortgage or through a certificate of deposit in a Bank of Panama. In this item it is important to note that in all cases, the person applying for this visa must prove that the invested capital comes from abroad.

Temporary residence
It is mainly granted to people who have a job offer within Panamanian territory and the profile of people who can opt for this legal status must be one of the following:

If you are a qualified worker or executive hired by a multinational company based in Panama.
Be a qualified worker hired by the Panama Canal Authority.
Be a specialist in a sports discipline that is practiced in sports competitions within Panama.
Qualified worker, hired by a private company as a specialized technician.
Workers hired by a private company.
Worker hired by a State entity.
Permanent residency
Permanent residency is intended for:

Professionals with an academic degree
Citizens of the "friendly countries": Germany, Andorra, Argentina, Australia, Austria, Belgium, Brazil, Canada, South Korea, Costa Rica, Croatia, Chile, Cyprus, Denmark, Slovakia, Spain, United States of America, Estonia, Finland, France, Greece, Hong Kong, Hungary, Ireland, Israel, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Marino, Mexico, Monaco, Montenegro, Norway, New Zealand, Netherlands, Paraguay, Poland, Portugal, United Kingdom, Czech Republic, Serbia, Singapore, South Africa, Sweden, Switzerland, Taiwan, Uruguay and now also Peru.
Retired foreigners who received a minimum monthly pension of 1000 dollars.
How much does it cost to live in Panama?
As always, it all depends on the area and the characteristics of the property. The closer it is to the center, the higher the price.

For a newcomer, rooms with a shared kitchen and bathroom are between $300 and $500, without a roommate.

On the other hand, if you plan to rent an entire apartment for yourself, a two-bedroom, one-bathroom apartment could cost you $1,000 or more. While renting a furnished studio apartment is between $600 and $900.

PANAMA HOUSING

Food
As you know, each person has different needs and prefers to spend more on some things and less on others. In Panama, prices vary greatly depending on where you shop, but generally do not exceed $100 per person per month, of course if you cook at home and only buy what is necessary.

PANAMA FOOD

Other expenses to consider
As for transportation, the Metrobus fare will cost you about $0.25 per trip. Meanwhile, with respect to cell phone service, depending on the plan you choose, you can get it from $20. On the other hand, internet and cable bills could cost you $20 each, and electricity will not be less than $100 a month.

If you plan to enjoy a good time away from home, a movie ticket costs $6 and eating at an a la carte restaurant could cost you a minimum of $15 per plate.

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