Denmark Start-Up Visa vs Panama Friendly Nations Visa
Denmark other route: 24 months. Panama other route: $250 fee, 24 months.
Built for: Freelancers.
- Duration
- 24 months
- Processing
- 4 weeks
- Fee
- $250
- Duration
- 24 months
Next steps
Panama Friendly Nations
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Side by side
Denmark Start-Up Visa
Panama Friendly Nations Visa
Visa type
Status
Initial duration, months
Renewable
Built for
Minimum age, years
Practical minimum age, years
Nationality restrictions
Processing time, minimum (weeks)
Where to apply
Interview required
Medical exam required
Minimum savings, one time
Minimum investment, one time
Investment types
Application fee, one time
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
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 | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Visa type | Other | Other |
| Status | Active | Active |
| Initial duration, months | 24 | 24 |
| Renewable | Yes | Yes |
| Built for | Freelancers | FIRE, Retirees, Digital nomads, Freelancers, Passive investors, Remote employees |
| Minimum age, years | Not specified | 18 |
| Practical minimum age, years | 18 | 18 |
| Nationality restrictions | Non-EU nationals only | Specific countries only |
| Field | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Minimum savings, one time | Not specified | $200,000 |
| Minimum investment, one time | $0 (Lowest known investment) | $200,000 |
| Investment types | Business creation | Real estate, Capital transfer |
| Application fee, one time | Not specified | $250 |
| Field | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Income sources accepted | Not specified | Remote work, Pension or Social Security, Savings, Passive income, Business income |
| Employment types accepted | Self-employed | W-2 employee, 1099 contractor, Business owner, Self-employed |
| Social Security counts as income | Not specified | No |
| Pension income recognized | Not specified | No |
| Local work permitted | Yes (Local work permitted) | No |
| Field | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Processing time, minimum (weeks) | 4 weeks | Not specified |
| Where to apply | You apply in two stages to two different entities. First, submit your business plan to Startup Denmark by email at...See 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 | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Leads to permanent residency | Yes | Yes |
| Years to permanent residency | Not specified | 2 years |
| Years to citizenship, PR plus naturalization | Not specified | 7 years |
| Days in country, per year | Not specified | 1 days |
| Maximum consecutive days abroad | Not specified | 730 days |
| Field | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Tax regime | Worldwide | Territorial |
| US tax treaty | Not specified | Partial treaty |
| Field | Denmark Start-Up Visa | Panama Friendly Nations Visa |
|---|---|---|
| Health insurance required | Not specified | No |
| Local bank account required | No (No local bank account needed) | Yes |
| Apostille required | No (No apostille needed) | Yes |
| US FBI background check required | No | No |
| Certificate of coverage required | No | No |
| Required documents | 6 items listedSee full list on the visa page | 9 items listedSee full list on the visa page |