Panama Pensionado Visa (Retirees Program) – Universal Information

PANAMA PENSIONADO VISA PLAN

Thinking about retiring to Panama, well this article will give you a very specific idea of the process to doing so. We also have an article written specifically for people applying who are residing in the United States, with a collaboration from the United States Embassy in Panama.

GENERAL INFORMATION TO OBTAIN PANAMANIAN RESIDENCY

The laws, which regulate Immigration matters in Panama, establish several ways to become a resident in this country.  Among these, the most frequently used is the Pensioner Tourist Visa Program.

We are pleased to give you all the necessary information of this program, so you can get a general view of the easy way to obtain a residency in Panama.

PENSIONER TOURIST’S VISA

The Pensionado visa program is designed for retirees living on pension programs. Applicants for this visa need to hold a pension of, at least, US$1,000.00 monthly plus $250.00 for each dependent of an official or private entity. This program covers applicant, spouse and children under the age of 18.

Applicants have to fulfill the following requirements:

    Power of attorney.
    Registration Form
    Letter from a public entity or private company stating his/her pensioner condition plus the detail of the amount received per month or annually.  This letter must be duly authenticated by the Panamanian consulate in the place of issue or authenticated by apostille.  If the client is a pensioner from a private company, it will be necessary to proof the company legal existence from the country where it was incorporated (Good Standing Certificate) and company’s bank references; this certificate must be duly authenticated by the Panamanian Consulate or authenticated by apostille.
     Health certificate issued by Panamanian Doctor.
    Certificate of good conduct issued by the authorities at the place of residence during the last two years duly authenticated by the Panamanian Consulate or by Apostille.
    Four photographs.
    Photocopy of passport (all pages, including cover),
    Sworn statement about personal background*.
    Original passport.

If you wish to include your family (wife or husband and children below 18 years old), you should also provide us with:

    Power of Attorney.*
    Marriage certificate duly authenticated by the Panamanian Consulate or authenticated by apostille.
    Certificate of good conduct of wife during the last two years duly authenticated by the Panamanian Consulate or authenticated by Apostille.
    Birth certificate of the children duly authenticated by the Panamanian Consulate or authenticated by Apostille.
    Photocopy of passports.
    4 photographs.
    Health certificate issued by a Panamanian doctor (for each member of the family)
    Sworn statement about personal background*.  (every applicant above 16 years old must filled the sworn declaration)
    Responsibility Letter on behalf of the family.

* All documents issued abroad must be duly authenticated by our consulate in the place of issuance or stamped with Apostille.

Limitations:

Holders of this visa are not allowed to work in Panama as employees. You can open a business, however.

Considered to be among the best retirement programs in the world, the Panama Pensionado program offers excellent incentives such as:

* Import tax exemption for household goods
* Tax exemption to import a new car every two years
* 25% discounts on utility bills
* 25% discount on airline tickets and 30% on other transportation
* 20% discount on doctor’s bills 15% on hospital services if no insurance applies
* 15% off dental and eye exams
* 10% discount on medicines
* 20% discount on bills for professional and technical services
* 50% discount on entrance to movie theaters, cultural and sporting events
* 50% discount at hotels during Monday to Thursday, 30% on weekends

Contact Information:

info@thepanamaclub.com

+507-836-6542 / 43 (Panama)

1-(305)-503-9957 (USA)