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you searching for that special location for your retirement
years? If you are looking for a change of environment that offers
relaxation, comfort, pleasure from nature and culture, access
to modern health care at a reasonable price and much more, you
should consider retirement in Panama Many people from the US,
Canada and European countries are starting to discover Panama
as an exciting and appealing location not only for travel, but
for living and retirement.
To retire in Panama you need to apply for one of Panama’s
retirement visas. There are four main ways to obtain a living
visa. These retirement visa options are:
• Pensionado Visa
• Private Income Retiree Visa
• Person of Means Visa
• Forestry Investor Visa
Pensionado Visa
At this time, the most popular Panama retirement visa is
the Pensionado Visa. This visa is thought by many to be one
of the best retirement visa programs available in the world.
Some of the multitude of benefits of this visa include:
• Discounts on prescription drugs and health care services
• No income tax on incomes earned outside of Panama
No property taxes for the first fifteen years.
• Import tax exemption on household goods and/or cars.
• Discounts on airfares, restaurants, movies, theatres
and other entertainment, public transport, and loans.
This visa program is designed to allow foreigners to obtain
legal residency in panama – as a retiree or pensioner.
There is no minimum age for eligibility for Panama’s
retirement visa. To apply your income must be at least US$500
every month. And for each dependent, your retirement/pension
income must be increased by an extra US$100. Evidence of this
income must be provided in the form of documentation, such
as a letter from the institution/or company that pays your
income. This documentation must be authenticated by your closest
Panamanian Consulate.
We can make the process of applying for a Panama retirement
visa (or pensionado visa) a lot easier by assisting you with
your application. We can turn this procedure into an easy
process for you with a quick turn around time. For us to carry
out this procedure for you, you need to provide us with all
the required documents, give two short visits to Panama (one
to register your passport at the immigration office in Panama
and to get a certificate of good health from a Panamanian
hospital/clinic; and the second to get an official photo taken
at the Immigration department).
If you have a dependent that will be living with you in Panama
when you retire in Panama, then you need to provide us with
a police record for that dependent and a marriage certificate
(for spouse) and birth certificate for children under 18 years
of age
Apart from documentation of proof of retirement/pension income,
you also need to provide us with (by courier before your first
visit):
• A photocopy of complete valid passport of applicants
(and dependents if applicable).
• Six passport sized photographs of the applications
(and dependents)
• Certificate of good health from a licensed Panamanian
hospital or clinic, or signed by a registered and licensed
physician. This should indicate that the applicant (and dependents)
is in good mental and physical health and has no contagious
diseases
For further information
about documentation needed, the application process, and the
fees we charge for this assistance please click here. Please
contact us if you have any further questions about the Panama
retirement visa or retiring in Panama.
See our discounted legal services fees below for obtaining
a retirement visa in Panama.
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