Please be advised all immigration programs consider as dependents the spouse, children up to 18 years old and parents of the main applicant if they are older than 80 and are economically dependents of him.
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Who is eligible to apply for Panama investment residency status as dependent?
What are the age limits for children as dependents in a Panama investment residency application? How long can they keep their investment residency status? If they were able to obtain permanent resident permits, could the permits be withdrawn when they reach certain age?
Answers
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The spouse, parents and children of the main applicant are eligible to apply as dependents in an investment-related resident permit. Children under 18 may apply without any additional conditions. However, children between the ages of 18 and 25 must prove they’re registered in an educational facility (high school or university) full time. Under this type of resident permit, once they’ve obtained permanent status, they won’t lose it for reaching any certain age.
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Any immediate family member, such as a spouse, parents or children, are eligible to apply as a dependents for residency-by-investment in Panama. The age limit for dependent children is 18. However, for children between the ages of 18 and 25, an exception can be made if they are single and studying full time at a local school or university.
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Regarding your question, please note that spouses, children under 18 years old, family members with disabilities and dependent parents can apply for Panama investment residency status as dependent. Children over 18 years to 25 years may be requested as dependents if they are studying full time in Panama. The investment residency status as dependent is given for two years, the same time as the main applicant. Once it's renewed, it's given permanent residency, to both dependent and main applicant. The permits are not withdrawn, as the immigration department just considers the age of the dependent by the time the application is fulfilled.
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Investment must be increased in order to cover child dependents up to the age of 18 (or 25 if the main applicant is supporting their education).
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