2025 marks a key year for the attraction of foreign capital in Panama. With the approval of the Law 299, the country introduces a special passport for investors, This initiative amends Law 32 of 2013 and reinforces the strategy of positioning Panama as a safe, attractive and competitive destination for international investment.
Here we explain clearly what the law establishes, its benefits and why it represents an important step for the country's confidence.
What does Law 299 of 2025 establish?
Law 299 creates a special category within the immigration and economic legislation: the special passport for investors, The new system, a mechanism designed to facilitate the entry, permanence and mobility of investors that generate significant economic contributions to the country.
This passport is granted to foreigners who comply with the requirements established by the Ministry of Security and the entities responsible for immigration policy, and who invest in strategic sectors or projects authorized by the Panamanian Government.
In summary:
- Amends Law 32 of 2013.
- Establishes a special passport for foreigners investing in Panama.
- Seeks to promote direct and sustainable investment.
- Protects and legally supports investors.
Impact on the investment climate
With this measure, Panama strengthens its position as an attractive regional hub for business, trade and investment. The special passport works as a clear sign of economic openness and institutional stability, which generates confidence in foreign investors.
This type of policy:
- They increase the country's competitiveness vis-à-vis other investment destinations.
- Attract medium and long-term capital.
- They favor key sectors such as infrastructure, tourism, innovation, logistics and real estate.
- They contribute to employment and economic growth.
Why does this law strengthen the country's confidence?
Law 299 establishes an important precedent: is the first law of the Republic promoted by an alternate deputy in the 2024-2029 term., This sends a clear message about the new legislative term's commitment to competitiveness, openness and public innovation.
In addition:
- It demonstrates that Panama continues to modernize its legal framework to attract investment.
- Generates confidence in the international business sector.
- Aligns the country with strategic migration policies used in advanced economies.
This law not only facilitates the migratory processes for foreign investors, but also positions Panama as a country that rewards investment, productivity and sustainable growth.
With this new migratory figure, the country strengthens its international image, promotes economic development and places itself on the map as a safe and competitive destination for investment.