Panama Friendly Nations Visa vs Portugal D2 Entrepreneur Visa
Panama other route: $250 fee, 24 months. Portugal other route: $101 fee, 24 months.
- Portugal D2 Entrepreneur: $101 to apply, $149 less than Panama Friendly Nations.
- Portugal D2 Entrepreneur: 146 days a year required, 145 more than Panama Friendly Nations.
Built for: Freelancers, Passive investors and Remote employees.
- Fee
- $250
- Duration
- 24 months
- Income
- $1,233/mo
- Fee
- $101
- Duration
- 24 months
Next steps
Panama Friendly Nations
Portugal D2 Entrepreneur
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Side by side
Panama Friendly Nations Visa
Portugal D2 Entrepreneur Visa
Visa type
Status
Initial duration, months
Renewable
Built for
Minimum age, years
Practical minimum age, years
Nationality restrictions
Processing time, minimum (weeks)
Processing time, maximum (weeks)
Where to apply
Interview required
Medical exam required
Minimum income, per month
Minimum savings, one time
Minimum investment, one time
Investment types
Application fee, one time
Extra income per adult dependent
Extra income per child dependent
Income sources accepted
Employment types accepted
Social Security counts as income
Pension income recognized
Local work permitted
Health insurance required
Local bank account required
Apostille required
US FBI background check required
Certificate of coverage required
Minimum lease, months
Required documents
Leads to permanent residency
Years to permanent residency
Years to citizenship, PR plus naturalization
Days in country, per year
Maximum consecutive days abroad
Tax regime
US tax treaty
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Visa type | Other | Other |
| Status | Active | Active |
| Initial duration, months | 24 | 24 |
| Renewable | Yes | Yes |
| Built for | FIRE, Retirees, Digital nomads, Freelancers, Passive investors, Remote employees | Freelancers, Passive investors, Remote employees |
| Minimum age, years | 18 | 18 |
| Practical minimum age, years | 18 | 18 |
| Nationality restrictions | Specific countries only | Non-EU nationals only |
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Minimum income, per month | Not specified | $1,233 |
| Minimum savings, one time | $200,000 | $33,623 (Lowest known savings requirement) |
| Minimum investment, one time | $200,000 | Not applicable |
| Investment types | Real estate, Capital transfer | Business creation, Capital transfer |
| Application fee, one time | $250 | $101 (Lowest known fee) |
| Extra income per adult dependent | Not specified | 50% |
| Extra income per child dependent | Not specified | 30% |
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Income sources accepted | Remote work, Pension or Social Security, Savings, Passive income, Business income | Business income, Passive income |
| Employment types accepted | W-2 employee, 1099 contractor, Business owner, Self-employed | 1099 contractor, Business owner, Self-employed |
| Social Security counts as income | No | No |
| Pension income recognized | No | No |
| Local work permitted | No | No |
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Processing time, minimum (weeks) | Not specified | 4 weeks |
| Processing time, maximum (weeks) | Not specified | 25.7 weeks |
| Where to apply | 2 items listedSee where to apply on the visa page | 2 items listedSee where to apply on the visa page |
| Interview required | No | No |
| Medical exam required | No | No |
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Leads to permanent residency | Yes | Yes |
| Years to permanent residency | 2 years | 2 years |
| Years to citizenship, PR plus naturalization | 7 years | 4 years (Shortest known path to citizenship) |
| Days in country, per year | 1 days (Fewest days required in country) | 146 days |
| Maximum consecutive days abroad | 730 days (Longest allowed absence) | 180 days |
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Tax regime | Territorial | Worldwide |
| US tax treaty | Partial treaty | Not specified |
| Field | Panama Friendly Nations Visa | Portugal D2 Entrepreneur Visa |
|---|---|---|
| Health insurance required | No (No insurance requirement) | Yes |
| Local bank account required | Yes | Yes |
| Apostille required | Yes | Yes |
| US FBI background check required | No | No |
| Certificate of coverage required | No | No |
| Minimum lease, months | Not specified | 12 months |
| Required documents | 9 items listedSee full list on the visa page | 9 items listedSee full list on the visa page |