In Panama there are two options for foreigners who decide to live in Panama for a short or permanent period of time.
Temporary Residency: They are awarded for work or business, are offered for one year and are renewable.
Permanent Residency: They are granted as a pension, married to a national, a national of specific countries that maintain friendly relations with Panama, a professional foreigner, if the profession is not exclusive to Panamanians or as an investor.
Europe and USA resident and citizenship only by investment.