If I want to live in Panama, what's the difference between citizenship and residency?
JuliAnne Murphy - Panama Pacifico

Becoming a citizen means that you have received or been granted a Panamanian passport. This takes a long time. Residency is usually the first step toward getting your citizenship,...

Becoming a citizen means that you have received or been granted a Panamanian passport. This takes a long time. Residency is usually the first step toward getting your citizenship, so start with that process first.
Posted April 10, 2013
Bill Hamilton - Bill Hamilton

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In order to be in Panama legally, you have to be on some type of visa, either jubilado (retiree) or business or company formation or investment in agriculture or forestry.
If you are just a resident and not a citizen, you cannot vote. There’s very little advantage to becoming a citizen, apart from getting a Panamanian passport. There’s not much of a reason to have a Panamanian passport because you can get it in certain circumstances like business and investment through a company. I don’t see the point of getting a citizenship, unless you have something to hide.
(The Attorney General's office, Panama, pictured.)
Posted February 4, 2015