How to Get a Tax Residency Certificate in Panama

What is a Tax Residency Certificate?

A Tax Residency Certificate proves you are a resident of Panama for tax purposes. It's commonly required for opening bank accounts, obtaining visas, or managing international financial affairs.

Requirements for Tax Residency

• Physical presence in Panama for 183+ days during the calendar year
• Valid residency visa or temporary residence status
• Registration with Panama tax authorities (RUC)

Step-by-Step Process

Step 1: Establish Residency Status

Obtain a valid residency visa (Pensionado, Temporary Residency, Business Owner, or other approved category).

Step 2: Register for RUC

Register with the General Department of Income (DGI) to obtain your RUC number (business/tax registration).

Step 3: Meet Physical Presence Requirements

Ensure you've been physically present in Panama for the required 183+ days during the calendar year.

Step 4: Request the Certificate

Contact DGI or visit their office in Panama City to request your tax residency certificate. Submit:

• Valid passport
• RUC number
• Proof of residency (rental contract, utility bill, ID)
• Completed request form

Step 5: Obtain the Certificate

The certificate is typically issued within 1-2 weeks. You can request official copies for banking and international purposes.

Uses of Tax Residency Certificate

• Opening bank accounts
• International financial transactions
• Tax filing in home country
• Visa applications to other countries
• Business registration
• Demonstrating Panama tax residency status

Key Benefits

Once you have a tax residency certificate, you benefit from Panama's territorial tax system—only Panama-sourced income is taxed. Foreign income remains untaxed.

Professional Assistance

Consider hiring a tax attorney or accountant familiar with Panama's system to ensure proper documentation and filing.