Finland Startup Permit vs Panama Friendly Nations Visa
Finland other route: $742 fee, 24 months. Panama other route: $250 fee, 24 months.
- Panama Friendly Nations: $250 to apply, $492 less than Finland Startup.
- Panama Friendly Nations: PR in 2 years, 2 sooner than Finland Startup.
Built for: Freelancers.
- Fee
- $742
- Duration
- 24 months
- Processing
- 2-4 weeks
- Fee
- $250
- Duration
- 24 months
Next steps
Finland Startup
Panama Friendly Nations
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Side by side
Finland Startup Permit
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)
Processing time, maximum (weeks)
Where to apply
Interview required
Medical exam required
Minimum savings, one time
Minimum investment, one time
Investment types
Application fee, one time
Renewal cost, 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
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 | Finland Startup Permit | 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 | Finland Startup Permit | Panama Friendly Nations Visa |
|---|---|---|
| Minimum savings, one time | Not specified | $200,000 |
| Minimum investment, one time | Not applicable | $200,000 |
| Investment types | Not applicable | Real estate, Capital transfer |
| Application fee, one time | $742 | $250 (Lowest known fee) |
| Renewal cost, one time | $248 | Not specified |
| Extra income per adult dependent | 50% | Not specified |
| Extra income per child dependent | 22.2% | Not specified |
| Field | Finland Startup Permit | Panama Friendly Nations Visa |
|---|---|---|
| Income sources accepted | Not specified | Remote work, Pension or Social Security, Savings, Passive income, Business income |
| Employment types accepted | Not specified | 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 | Finland Startup Permit | Panama Friendly Nations Visa |
|---|---|---|
| Processing time, minimum (weeks) | 2 weeks | Not specified |
| Processing time, maximum (weeks) | 4 weeks | Not specified |
| 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 | Finland Startup Permit | Panama Friendly Nations Visa |
|---|---|---|
| Leads to permanent residency | Yes | Yes |
| Years to permanent residency | 4 years | 2 years (Shortest known path to permanent residency) |
| Years to citizenship, PR plus naturalization | 12 years | 7 years (Shortest known path to citizenship) |
| Days in country, per year | Not specified | 1 days |
| Maximum consecutive days abroad | Not specified | 730 days |
| Field | Finland Startup Permit | Panama Friendly Nations Visa |
|---|---|---|
| Tax regime | Worldwide | Territorial |
| US tax treaty | Not specified | Partial treaty |
| Field | Finland Startup Permit | Panama Friendly Nations Visa |
|---|---|---|
| Health insurance required | Yes | No (No insurance requirement) |
| Local bank account required | No (No local bank account needed) | Yes |
| Apostille required | Not specified | Yes |
| US FBI background check required | No | No |
| Certificate of coverage required | No | No |
| Required documents | 9 items listedSee full list on the visa page | 9 items listedSee full list on the visa page |