Retiring to Panama -Pensionado Visa-happy retirement Panama - IMMIGRATION VISA SERVICES

Retiring to Panama -Pensionado Visa-happy retirement Panama

PENSIONED RETIRED VISA  Retire happy in Panama !

Low taxes, beautiful weather and beaches , excellent health care: these are just a few of the reasons people come to Panama to retire.

More people each year choose to retire abroad to find a change of scenery, new experiences and a lower cost of living.

Make retirement the best years of your life !

Here's what you need to know.

Documents Required from Home

Retiree and Pensioner

May apply for this visa, those foreigners that receive a retirement or pension, from a Foreign Government, International Organization or Private Company. The monthly income or monthly pension or retirement amount may not be less than one thousand dollars (US$1,000.00) and must be granted for life.


1. Police and Criminal Records, issued in the place of residence for the last two (2) years, duly stamped, sealed and authenticated by a Panamanian Consulate or by Apostille.

2. Original passport with a minimum of 6 months left of validity.

3. Four (4) carnet sized pictures.

4. A certification letter stating their condition as a retiree or pensioner confirming that they receive a pension for no less than one thousand balboas (B/.1,000.00) per month or its equivalent in a foreign currency and that it is for life. This document must bear the stamps and be authenticated by a Panamanian Consulate or by Apostille.

If the pension or retirement payment comes not from the Government but from a private company, the following must be provided

  • A letter from a foreign pension administration company, trust fund, mutual fund insurance or banking company, that certifies that the funds exist to guarantee a life long pension for the applicant.
  • A certification of the existence and the duration of the company that grants the pension and administers the fund.

6. Document·of proof of residency·in Panama (sale and purchase agreement of house or land or lease agreement).

7. Good health certificate issued by a clinic or hospital in Panama

In case of dependents:

- Two hundred and fifty balboas (B/.250.00) must be provided to the National Immigration Service for each dependent.

Make retirement the best years of your life in Panama !

Panama Pensioned Retired Visa - More people each year choose to retire abroad to find a change of scenery, new experiences and a lower cost of living. Welcome to Panama !

Panama Pensioned Retired Visa, anyone over 18 years of age can qualify for the Panama Pensioned (Retired) Visa by proving the he or she is receiving a lifetime minimum $1,000 USD per month payment.

An exception to this minimum amount is when the applicant purchases Panama real estate valued at least $100,000 where the minimum monthly amount is reduced to $750 USD.

The pension or annuity must be proven with documentation from the government agency or company which makes the payments and the certification must be notarized and authenticated by the nearest Panama Consul or by Apostille.

Pensiones Retired Visa

3200 usd PROMO
  • All documents must be authenticated by a Notary and by the nearest Panamanian Consulate, or by a Notary and the Apostille. The Apostille (The Hague Convention of 1961) is a faster way of authenticating documents and is normally obtained through the Secretary of State Department in your home state (in the USA) or through the Foreign Office (in UK and Canada).

Some of the benefits of retiring in Panama as a foreigner


Some of the benefits of retiring in Panama as a foreigner
The following DISCOUNTS:
• 50% in entertainment, for example, movies, concerts, sporting events, etc.
• 50% in hotels from Monday to Thursday
• 30% in transportation, for example, trains, buses and boats
• 30% in hotels from Friday to Sunday
• 35% on plane tickets
• 25% in restaurants
• 25% in payments of public services
• 20% in medical consultations
• 20% in technical or professional services
• 15% in fast food restaurants
• 15% on hospital bills when you do not have insurance
• 15% on ocular or dental examination
• 15% in loans in your name
• 10% on prescription medications
• Tax exemption for household items with a total of 10,000 usd (one time only)
• Every two years the tax exemption for importing a car

immigration visas

The Application Free Calculator is an easy way to estimate the fees payable to the Department of Immigration and the extra expenses , such has notary , legal translations, medical attest, Lawyers etc.. When making a application.

Fees associated with the application

  • If your documents (such a degrees, work documents etc.) are not in Spanish , you must provide a translation of these documents. This has to be done by an authorized translator from Panama .
  • You must include several photographs and the rules are quite specific (yes, Panamanians are weird with passport pictures!). Depending where you live, it adds up. — not cheap if you immigrate as a family!
  • You may need to have your foreign degrees recognized in Panama. This is called a credential evaluation, and it’s done by specific organization, such as World Education Services. A basic official evaluation cost about $115 and up.
  • If you are from a country where nor Spanish is the official language, you will have to prove your language abilities. This is one of the 6 selection factors for skilled workers. The language proficiency test must given by an organization that is approved by Citizenship and Immigration.
  • A medical exam is compulsory for each applicant and their dependents (spouse, children)

Call +507 8339 685


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